The Hindu Business Line : Italian textile machinery group on India roadshow

Coimbatore, July 27 CEAM, an Italian textile machinery consortium, is on a roadshow in India as a prelude to its machinery offering at ITMA 2007, the international textile machinery exhibition to be held at Munich this September.

The matured market growth for textile machinery in India, especially for the machinery range in the textile processing and finishing segments, has led CEAM to pitch for a series of India focused pre-ITMA symposiums in major textile clusters, including Ludhiana and Mumbai.

The ongoing textile spares exhibition put up by the Southern India Mills Association (SIMA) has come as the right backdrop for the Italian textile machinery consortium to display its technology catalogue.

Floated in Italy’s Busto Arsizio with seven textile machinery SMEs, the consortium today represents 20 such companies.

Between them, the companies produce almost the entire machinery required by the textile value chain.

However, the heavyweights in the consortium are those involved in the critical textile processing and finishing equipment manufacture.

According to Mr Ettore Guarneri, Managing Director of Ramisch Guarneri and leader of the consortium, CEAM members who were actively participating in the Indian market since 1980 could see the market upsurge in India in the last two years, when they could achieve sales turnover of about €17 million.

His company, which markets calendaring machines under the Nipco brand, has supplied processing machinery to leading Indian textile producers.

In the last two years it has supplied 12 machines worth €5 million. “We are going to install seven more machines in India.” CEAM, according to Mr Guarneri, considers India a developed market alongside China, Pakistan and Turkey. Hence, it did not require any extra market seeding for CEAM member products.

“Now our concern is developing business in new and emerging markets such as Vietnam.”

“We are in talks with major textile companies who are involved in about 50 new projects. I hope that over the next five years, the growth for processing machinery in South would rise manifold,” said Mr S. Shankar, Vice-President of the Sagar Group of enterprises, the trade partner for CEAM for India.

More Stories on : Textile Machinery | Events

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