Home / Knowledge / News / Textiles / Mayer & Cie expects new synergies by acquiring Amtek
Mayer & Cie expects new synergies by acquiring Amtek
13
Jul '11
With the acquisition of the Czech manufacturer of circular knitting machines, AMTEK Machinery s.r.o. by July 25th, Mayer & Cie. GmbH & Co. KG succeeded in making another strategically important step in securing the production location Albstadt and its staff.

The Czech company with long-standing tradition, AMTEK Machinery s.r.o., henceforth operating under the new name AMTEK Knitting Technology s.r.o., who has been manufacturing circular knitting machines for more than 50 years with currently 27 employees, was successful particularly in the key markets Turkey and India as well as in the former CIS states in the upper medium price segment.

Mayer & Cie. expects new synergies on the market and the cost side through this acquisition. On the one hand AMTEK's product line will open up a further market segment and on the other hand procurement and manufacturing synergies will lead to a further strengthening of the competitive position.

It is planned to produce all large turned parts of AMTEK's machine line also on the new Carnaghi machining centre for large parts, taken into production only recently, in Albstadt in future.

Furthermore the combination of the locations Albstadt and Vsetín opens up the opportunity to take on a stronger position in the world market than so far, particularly in very price-sensitive segments like e.g. the bodysize-machines. The machine lines of both companies will be continued.

Mayer & Cie. GmbH & Co. KG


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kerem Durdag
Biovation II LLC

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

September 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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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