Financial Daily from THE HINDU group of publications
Friday, Jul 02, 2004

Cross Currency

Group Sites

Industry & Economy - Textile Machinery
Marketing - Channels and Franchises

Rapier Links to market Chinese looms in South India

G. Gurumurthy

Coimbatore , July 1

RAPIER Links, the Kumarapalayam based company in Tamil Nadu, will be selling the low priced automatic rapier weaving machines produced by China in India.

Essentially a dealer for the South Indian market, Rapier Links will offer the flexible rapier loom models from Texworld International, a 20-year old textile machinery manufacturing company from China.

Texworld International's rapier loom range is available in diverse loom-width starting from 180 cm up to 360 cm.

The Chinese textile machinery manufacturing company, besides the production of rapier looms also produces terry machines, accumulators and embroidery machines in addition to the spare parts for the rapier looms.

According to Mr A.D. Ravishankar, Director, Rapier Links, the first batch of 12 rapier looms from the Texworld International have already been imported into the country and are in operation with a Komarapalayam-based weaving company. A demo of the looms in operation has been organised on Friday at Komarapalayam.

Mr Ravishankar told Business Line that the investment on automatic rapier looms from Texworld International costing Rs 3.90 lakh for the base model (which includes the import duty plus the clearing and forwarding costs up to the door-steps of the buying company) will be eligible under the Government of India sponsored textile upgradation fund scheme and it would offer cost competitiveness vis--vis the used weaving machines being imported from Europe whose landed cost would be quite high compared to the Chinese new rapier looms.

Though the speed of the machine at 230 rpm is considered low compared to the European models that runs at 350 rpm, the quality of the fabric woven from the machine on par with international weaving standards.

Rapier Links, according to Mr Ravishankar, would also ensure uninterrupted supply of spares to the Texworld looms. Rapier Links will unveil the Chinese rapier loom models to the weaving community through a demo-cum-exhibition to be held on Friday at Komparapalayam in which, the Texworld International Managing Director, Mr Tony Wu, would also attend.

More Stories on : Textile Machinery | Channels and Franchises | Tamil Nadu

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
ICC seeks cut in corporate tax

PERT moots steps to rectify national fiscal situation
Shangri-la under threat
Barely surviving
Campaign stepped up as polio resurfaces in AP
`Profit-making PSUs will not be privatised'
Govt to pursue uniform sales tax for drugs
Dadri project: Reliance Energy may appoint ICICI Bank as lead manager
Training in energy management
Power cut may continue for a few more days in AP
Dabhol promoters file arbitration on MSEB
PFC to charge 7.25% for Nagarjuna group project
States seek more Central aid for VAT switchover
SSIs seek sub-PLR lending from SIDBI
Cable industry favours broadcast legislation
Gem export body completes Namibia visit
Wockhardt centre to take care of all types of spinal problems
Construction cos seek thrust on rural housing
Rapier Links to market Chinese looms in South India
Panchayat Academy set up in TN
Management meet
In Hyderabad today
Tourism Ministry signs pact to promote India

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line