LMW delivers new ringframe model to Chinese clients

Deputy Chief Minister, M.K. Stalin of Tamil Nadu has recently launched a product of Coimbatore-based Lakshmi Machine Works (LMW) in Shanghai, which had established a textile machinery unit in the southern Jiangsu province of China in September 2009. This was the first South Indian venture in China.

LMW supplied its recently engineered ring frame machine, utilized in yarn manufacturing, to its three Chinese clients.

The $12-million manufacturing unit of LMW located adjacent to Shanghai, is just one of the few Indian companies, which have established such units in China and are looking forward to cater to the requirements of the Chinese market.

Original Source: LMW delivers new ringframe model to Chinese clients @ Fibre2fashion

Revenues skyrocket at LMW in Q1

Today, the Coimbatore based, Lakshmi Machine Works Ltd (LMW), a reputed and the biggest textile machinery manufacturer in India released its first quarter fiscal 2010-11 results.

In its textile machinery division, revenues have leapfrogged from Rs 1.6 billion in the first quarter of fiscal 2009-10 to Rs 3.02 billion in the quarter under consideration.

In the same way, profit before interest and tax of the textile division, too has jumped from just Rs 19.67 million to Rs 311.94 million in the first quarter of fiscal 2010-11.

Original Source: Fibre2fashion