Saurer And DIW Seal € 153 Million Deal For Top-tier Textile Machinery Venture

Saurer and Shanghai Digital Intelligence World Industrial Technology Group Co., Ltd. (DIW) sealed a collaboration pact for a top-tier textile machinery venture on March 7, valued at over 1.2 billion yuan (approximately 153 million euros).

During the signing ceremony, Liu Yiming, the President of DIW said, “DIW has established four major intelligent industrial parks, focusing on Ne 32 and Ne 40 yarn production. DIW aims to create the most extensive single-variety production model in China and globally, utilizing digital technology to bolster traditional industries.”

Liu Yiming further stated, “We selected Saurer for its leading global status in intelligent spinning equipment and full process solutions. Saurer’s products boast efficient, stable and reliable performance, offering a precise management foundation for customer factories through digital technology applications. The extensive application scenarios, reliable equipment, open digital system support and shared vision for modernizing the traditional cotton textile industry foster deeper collaboration between DIW and Saurer.

Looking ahead, we aspire to leverage this collaboration to merge resources, delve into digital technology integration with textile machinery, drive industry innovation, and elevate China’s textile sector, aiding in modern industrial system development.”

(L-R) Zheng Jianzhong, General Manager of DIW Supply Chain, Pei Guoqing – General Manager of Saurer PRE BU, Liu Yifang – DIW Vice President, Liu Yiming – President of DIW, Pan Xueping – President of Saurer, Zhang Yueping – Chairman of Saurer Supervisory Board, Pan Jack – President of Saurer China, Wang Xinyuan – Director of Sales and Service Saurer China.

Pan Xueping, Chairman of Saurer and Jinsheng, commended DIW as an industry trendsetter, revolutionizing the sector with a comprehensive finance, technology and industry approach. Saurer and DIW have a solid partnership, pioneering spinning operations and enhancing product control, digitization, efficiency and profitability.

Saurer, an innovator in high-end textile machinery, prioritizes intelligence, digitization, sustainability, and globalization, leading the textile industry’s transformation. This venture aims to establish a complete industrial chain from cotton supply to high-end yarn production.

According to the signing ceremony, DIW will purchase spinning equipment worth a total of 1.2 billion yuan (153 million euros) from Saurer to support the development of its spinning projects. The equipment will include Saurer’s blowing carding, roving as well as ring spinning machines.