Home Posts tagged Textile Machinery
Corporates

Rieter To Acquire Barmag For CHF 713 Million

Rieter has signed a definitive agreement to acquire Barmag, a division of OC Oerlikon, for an upfront equity purchase price of CHF 713 million. This strategic acquisition will position Rieter as a global leader in both natural and manmade fiber technologies and significantly accelerate the company’s growth strategy. Barmag, a global market leader in equipment […]
Machinery

Asteks 401-SF Series Gains Traction In Türkiye’s Leading Textile Mills

Asteks’ innovative 401-SF series cots grinding machines, equipped with high efficiency and advanced automation features, are gaining popularity in spinning mills worldwide. Recently, two of Türkiye’s leading textile companies, Kaynak İplik and Grand İplik, chose the 401-SF for their cots grinding processes, further cementing Asteks’ market leadership. Asteks, a prominent
Corporates

UMPESL & Draft-Air Partner To Strengthen Business In India

Universal MEP Projects & Engineering Services Limited (UMPESL), a 100% wholly owned subsidiary of Voltas Limited, a TATA Enterprise, announced that it has entered into an agreement for the marketing and sales of humidification plants from the reputed Indian manufacturer, Draft-Air India Pvt. Ltd. This cooperation is expected to strengthen both UMPESL’s and Draft-Air’s