ITEMA Group obtained 1,500 air jet loom order in China
Source: CCPIT TEX Date: 2006-05-19
ITEMA: The biggest order of 1.500 weaving machines in the Chinese market has been signed by the textile machinery Group headed by Mr. Miro Radici.
Today Miro Radici – Managing Director of Itema Group, worldwide leader in the textile machinery sector, - has signed the most important order ever obtained by the North Italian Company for the supply of 1500 air jet looms in the Chinese
market.
In particular, the agreement is referred to a first supply by the Italian Group of 776 machines (air jet weaving looms type Mythos E-Tec) for the new production plant of JIANGSU HENGLI CHEMICAL FIBRE. A further expansion of this production site has been already planned for next year.
Wujiang City in Jiangsu Province (where JIANGSU HENGLI CHEMICAL FIBRE CO. LTD. is located) is less than 2 hours from Shanghai by car. This city with 1.200.000 habitants nowadays (45% of the economy based on textile) has started to develop more than 100 years ago with the production of silk and has now become one of the biggest area worldwide for the production of polyester (the weaving machines installed exceed 140.000, 95% Japanese and 5% European).
JIANGSU HENGLI CHEMICAL FIBRE CO. LTD. is one of the biggest private Chinese concern for the production of polyester fibres. With a covered area of 1.600.000 sqm., this company actually produces 500 Mio of sqm of fabric (some projects now underway will increase this production to 1.100 Mio of sqm.) and 400 tons of yarn yearly (with a project under fulfilment to reach 540 tons) and today they have 3000 water jet looms and 400 air jet looms installed.
The signed agreement is part of a project, which will allow the Chinese company to double the fabric
production to reach 1.100 Mio of sqm. and to pass from the production of light to medium heavy fabrics. For this target they choose Mythos E-Tec, a loom which offers the widest guarantees of quality and reliability for the production of this kind of fabrics.
At the same time, Itema Group has also signed another contract with a pool of 11 private Companies for the supply of 680 weaving machines (the same air jet looms type Mythos E-Tec). “The Wujiang area has always been dominated by the competitors in the field of the air jet looms - Mr. Miro Radici, Managing Director of Itema Group, emphasizes - and therefore this is a great success that confirms the top quality of our weaving machines and the excellence of the technology we develop.”
“This important order - Mr. Miro Radici also states - allows us to look at the Chinese market with a much greater optimism. Itema Group is present on the Chinese market with a production site since 2003. In the 20.000 sqmt production facility, of
which 6.000 fully covered, 170 people are employed with an overall turnover of around 30 millions of EURO for year 2005. The production for 2006 is expected to be of 2200 looms in excess with a turnover of 55,4 millions of EURO.
Itema Group with its 9 companies, 7 Research & Development centres , locally active in 90 countries, around 2700 employees and a global turnover of 605 millions of EURO in 2005, now represents the main textile machinery Group in the world.
The companies belonging to Itema Group Holding are: Savio (winders), Promatech and Sultex (weaving machines), First (accessories), Eutron (electronics) while the companies operating directly on foreign markets are Itema America., Itema India, Itema Shanghai Textile Machinery and Itema Asia.
