Home / Knowledge / News / Textiles / H. Stoll inks partnership with Shang Gong Group
H. Stoll inks partnership with Shang Gong Group
03
Sep '15
German flat knitting machine manufacturer H. Stoll AG & Co. KG has inked a partnership with Shanghai based Shang Gong Group (SGG) which has a focus on sewing and textile welding.

Shang Gong Europe (SGE), the Germany based subsidiary of SGG will join H. Stoll AG as a limited partner with a minority share by means of a capital increase.

“Also, SGE will have one member in Stoll's supervisory board while the Stoll family will still retain majority share in the company,” a press release from Stoll informed.

“The formal partnership will become effective after clearance by the relevant merger control authorities,” Stoll added in the press release.

According to Stoll, SGG is a strong international partner who deeply understands the textile industry.

With its German brands Dürkopp Adler, Pfaff Industrial and KSL Keilmann, SGG also has a significant footprint with considerable operations in Europe.

“This partnership supports future growth and sustainability and is the basis for further expansion of products and solutions and Stoll will benefit from additional know-how and an even broader presence in Asia,” it stated.

H. Stoll is an internationally operating manufacturer of flat knitting machines based in Reutlingen, Germany and was founded in 1873 and has about 850 employees worldwide.

The Stoll product portfolio comprises flat knitting machines and patterning software which are used for the production of fabrics for fashion as well as for technical applications.

Stoll exports to more than 70 countries all over the world and offers integrated service through affiliated companies, sales and marketing centers and numerous agencies.

With innovative technical developments and a modern production environment Stoll enables a broad spectrum of knitting trends, some of which are shown in the most current Stoll Capsule Collection.

Shang Gong Group is an internationally recognised company with the focus on high end technology products such as automation of industrial sewing and welding equipment as well as robots.

Shang Gong Group was established in 1965 and is a Sino-foreign joint venture that issued A and B class shares in the Chinese stock market and is listed on the Shanghai Stock Exchange. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 18th Aug 2017

Turkey imposes temporary duty on POY from 7 countries

Turkish ministry of economy has announced imposition of provisional...

Textiles | On 18th Aug 2017

GST return filing deadline for transitional credit

For businesses who want to avail the transitional input tax credit...

Apparel/Garments | On 18th Aug 2017

AEPC wants clarity on minimum wages for garment sector

The Apparel Export Promotion Council (AEPC) has urged the Indian...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search