Italy based Itema sold in the first six months of this year 12 per cent more weaving machines compared to the same period last year. The group turnover has been increasing 10 per cent year on year. Itema, is a provider of advanced weaving solutions, including weaving machines, spare parts and integrated services.
The highest improvement in performance comes from the Indian subcontinent, in particular from Itema India, after the major turnaround actions implemented in the first quarter of 2014. Less satisfactory results so far come from China and from airjet weaving machine sales, both due to a significant slowdown in the Chinese weaving machine market.
Itema launched two new avant-garde airjet models and two new rapier weaving machine models at ITMA Asia 2014 in Shanghai. The rapier R9500 model has been a hit worldwide. It was launched less than two years ago and accounts for 50 per cent of all Itema weaving machine sales compared to 30 per cent in 2013.
An impressive comeback this year is the spare parts business. The company is on track with the implementation of lean manufacturing across Itema’s manufacturing and assembly lines. Itema will continue to respond quickly to market changes and have a strong focus on excellence and innovation.