For the first quarter of 2018, Itema’s turnover grew 15 per cent. The group has a strong international presence with 92 per cent of the total resulting from foreign markets. The Italian market achieved good results as well. Itema’s weaving machines are the preferred choice of weavers in the main textile markets such as China, Turkey and India.
In 2017, the group launched a diversification strategy, Project Galaxy that led to its acquisition of a majority interest in Lamiflex, a leading supplier of technical composite products for the textile, aeronautical and medical industries. Itema will face the rest of the year relying on the momentum and confidence ensured by a well-filled order book for the upcoming months.
The group invests three per cent of its turnover every year in research and innovation. Tireless and steady commitment to continuous innovation has led Itema to develop breakthrough and smart weaving solutions. Itema’s new R95002 denim rapier weaving machine, a second generation weaving machine, has been specifically designed and developed to excel in denim weaving and features numerous advancements.
The I Saver is a breakthrough innovation which can completely eliminate the waste selvedge on the fabric left side leading to substantial savings for denim weavers.
