Browsing: textile machinery

In September 2016, the building works for the new production site of the German textile machinery producer BRÃœCKNER have begun. The company will invest 40 million Euro in estate, buildings and machinery. The completion is planned for the end of 2017. Since 1960, the production site of the German producer of textile machinery BRÃœCKNER is located in the Bavarian town Tittmoning. With about 180 employees and workers at this site, the company produces every year about 120 machines and lines 95 per cent of which are exported all around the globe.

In his inaugural speech, at the 56th Annual General Meeting of the Textile Machinery Manufacturers’ Association (India) at Hotel Trident in Mumbai, R Rajendran, Chairman of TMMA, said that the Indian economy in 2015-16 was the shining example of one of the fastest growing economies and oasis of the world in the wake of global slowdown fueled by fall in oil and commodity prices. The GDP grew at 7.6 per cent in 2015-16, continued till date, the highest in last five years as against 7.2 per cent clocked in 2014-15. There was macroeconomic stability and prudent fiscal management. The fiscal deficit target of 3.9 per cent has been met and a fiscal deficit target of 3.5 per cent has been set.

For Italian textile machinery manufacturers, the first quarter of 2016 has opened with a recovery in orders on the domestic side. In foreign markets, orders have instead dropped off slightly. Raffaella Carabelli, President of ACIMIT, said: “The recovery on the domestic market compared to the minimum recorded a year ago is highly encouraging. Abroad, only a few markets have performed well.”

Shipments in some of the textile machinery segments experienced declines in 2015. Deliveries of new short-staple spindles fell by nearly 8 per cent from 2014 to 2015. Shipped long-staple spindles and open-end rotors decreased by 61 per cent and 6 per cent, respectively.

There were 59 Spanish exhibiting companies at ITMA in Milan, of which 33 are associated to amec amtex, Spanish Textile Machinery Manufacturers Association.

For 2015 third quarter the textile machinery exports from Italy declined slightly (-2 per cent), with external orders especially falling.

Located in Coimbatore, Sieger Spintech Equipments Pvt Ltd offers cost-effective solutions in sheet metal fabrication, textile machinery and industrial automation. D Srinivasan, Director of Sieger Spintech, talks on the company?s performance at ITMA.