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

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Wendell Rodricks
Wendell Rodricks

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search