Showing posts with label
textile machinery manufacturer.
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Showing posts with label
textile machinery manufacturer.
Show all posts
“The fruits of the very successful Textile Up-gradation Fund scheme (TUFs) should not be extended to those importing second-hand machinery”, echoed, Mr Jayendra Panchal, Director of the 98 years-old Ahmedabad-based textile machinery manufacturer – Shakti Auto Loom Manufacturing Pvt Ltd.
Mr Panchal was reacting to the recent announcement made by the Textile Commissioner; Mr Joshi with regards to the soon to be announced refurbished TUFs.
Speaking exclusively to Fibre2fashion, Mr Panchal said, “Weavers across India have been importing second-hand weaving machinery under TUFs. This comes at a very heavy cost to the Indian textile machinery manufacturers as customs duty on imported textile machinery is lower than excise duty paid by Indian textile machinery producers”.
“Instead the government should promote the local textile machinery manufacturers, or otherwise TUFs benefit should be reduced for those importing second machinery”, he noted.
“I am willing to make major investments to produce high-technology weaving machinery, but considering that 95 percent of the weaving machinery imported under TUFs is second-hand, I am very apprehensive about starting the project”, he informed.
“Under the circumstances, I am appealing to the government to not extend the fruits of the very successful TUFs to those importing second-hand machinery, or create a level playing field”, he pleaded to the union government and the textiles ministry.
ITMA 2011 in Barcelona (22 – 29 September 2011) is on everyone’s lips in the sector. What are the comments of the exhibitors regarding the most important exhibition of the textile machinery industry? What can customers of the textile and garment industry worldwide expect from “Made in Germany” presented at ITMA? Please find below the CEO’s comments from the leading exhibitors of various sectors.
Heinrich Trützschler, General Manager - Trützschler, Hall 2, Stand B 131
“At the attractive venue of Barcelona we expect a high visitor frequency for ITMA 2011, in particular from the growing markets of Latin America as well as Central and South East Asia. The expanding sector of technical textiles in particular will profit from an ITMA in Europe”.
Thomas Babacan, CEO Oerlikon Textile & COO OC Oerlikon - Hall 2, Stand D 130
“All renowned companies worldwide are represented at ITMA. This applies both to our internationally positioned company as well as to visitors from the textile industry, around 80% of whom will come from abroad."
Jochen Zaun, Managing Director - Georg Sahm, President VDMA Composite Technology, Hall 2, Stand D 118
"ITMA is the best platform for presenting innovative production technologies, as well as technical textiles. We will show there our latest developments in winding technology.“
Johann Philipp Dilo, Managing Associate - Dilo-Group, Hall 2, Stand B 101
“ITMA in Barcelona is the most important exhibition of the international textile machinery industry in 2011. Our innovations will attract decision makers of nonwovens industries worldwide.”
Heinz-Peter Stoll, Managing Associate - H. Stoll, Hall 3, Stand A 165 “Fira de Barcelona Gran Vía ranks among the most modern fairgrounds in Europe. Centrally situated between the airport and the city of Barcelona, ITMA 2011 will be quick and easy to reach. We are convinced that our customers from the flat knitting industry will highly appreciate both the first-class accessibility and the atmosphere of Barcelona.”
Preliminary 2010 data drawn up by ACIMIT (the Association of Italian Textile Machinery Manufacturers) show a decisive recovery under way for Italy’s textile machinery sector, in the wake of a 2009 which had been marked by a conspicuous drop in production. In terms of value, Italy’s textile machinery production recorded an 18% increase with respect to 2009, from 1.9 to 2.3 billion Euros. Exports drew a similarly favourable increase, at +19%, reaching a value of just under 1.8 billion Euros.
Obviously, these gains in sales and orders are a physiological consequence of the minimum levels of the previous two-year period. However, it does underscore a general reprise in demand for textile machinery across many geographical areas, materializing during the first part of 2010. The demand for Italian machinery was mostly driven by the world’s major markets, with sales showing double digit growth percentages in China, India and Turkey. Overall, Italian exports obtained positive performances on all primary textile manufacturing markets; Asia and South America representing the driving forces for global demand.
The domestic market also recorded a more dynamic trend compared to the 2008-2009 period. Domestic demand jumped by 27% on previous year, for a turnover of close to one billion Euros. “These preliminary closing data are no doubt encouraging - commented ACIMIT’s President Sandro Salmoiraghi - but a deep sense of uncertainty remains regarding the global scenario.”
Effectively, a study conducted by ACIMIT over the first quarter of 2011 shows that forcasts for orders remain Cautions, drawing a picture that is rather stationary with the respect to the last quarter of 2010, both for the foreign and domestic markets.
The new series of Wholesale Price Index has been launched by shifting base year from 1993-94 to 2004-05. WPI for the month of August 2010 has been released with base year 2004-05.
The official Wholesale Price Index for 'All Commodities' (Base: 2004-05 = 100) for the month of August 2010 remained unchanged at its previous month’s level of 140.3 (Provisional).
Inflation
The annual rate of inflation, based on monthly WPI, stood at 8.51% (Provisional) for the month of August, 2010 (over August, 2009) as compared to 9.78 % (Provisional) for the previous month. Build up inflation in the financial year so far was 3.31% compared to a build up of 4.95% in the corresponding period of the previous year.
Inflation for important commodities / commodity groups is indicated below.
The movement of the index for the various commodity groups is summarized below:-
Primary Articles (Weight 20.12%)
The index for this major group declined by 0.3 percent to 177.0 (Provisional) from 177.5 (Provisional) for the previous month. The groups and items for which the index showed variations during the month are as follows:-
The index for ‘Non-Food Articles’ group rose by 1.1 percent to 154.1 (Provisional) from 152.4 (Provisional) for the previous month due to higher prices of flowers (13%), rose and groundnut seed (11% each), castor seed (8%), marigold, cotton seed and copra (coconut) (5% each), coir fibre (4%), raw silk (3%), sunflower (2%) and fodder (1%). However, the prices of soyabean (11%), raw rubber (4%) and gingelly seed (sesamum), raw jute and mesta (1% each) declined.
WINGS, the Oerlikon Barmag winding Machine, System with integrated drawing zone, can now also be used for polyamide spinning plants.
Initially, WINGS was launched exclusively for deployment in manufacturing polyester. Now that the novel concept has replaced virtually all conventional system configurations, the Textile Machine can today also be used for polyamide processes with an operation window of between 20 and 150 den final.
WINGS integrates godets and tangle unit into the winder. In addition to increasing productivity and efficiency, this plug & play machine unit, which premiered at the ITMA 2007 in Munich, guarantees POY producers constantly excellent and even yarn quality.
And less space requirements and savings potentials with regards to operating staff make a valuable contribution towards increasing efficiency. The optimized yarn path ensures even gentler yarn treatment and hence first-class yarn quality.
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.
