Home / Knowledge / News / Textiles / A.T.E. Enterprises to acquire SKF India's Textile Business
A.T.E. Enterprises to acquire SKF India's Textile Business
27
Sep '11
A.T.E. Enterprises has concluded an agreement to acquire the textile machinery component business from SKF India Ltd. The textile machinery components manufactured by SKF include key products such as high speed spindles, drafting systems and top rollers for ring frames and speed frames. The transaction is expected to be completed in Q1 2012.

SKF will, as part of the divestment of its Textile Business, fully transfer the SKF technology used for manufacturing textile machinery components. A.T.E. will serve all existing and future customers with products manufactured based on SKF technology under the A.T.E. brand, which is synonymous with product reliability, performance and service.

As per the terms of the transfer of business, the manufacturing operation will be shifted to A.T.E.'s new state-of-the art set-up at Ahmadabad, for which building construction is in full swing. Key personnel from different SKF functions will also be transferred to A.T.E. A.T.E. has commenced recruitment of remaining personnel, many of whom are under in plant training at SKF India's Pune plant.

A.T.E. Enterprises


Must ReadView All

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Rwanda to pay tax of exporters affected by AGOA suspension

Apparel/Garments | On 18th Jun 2018

Rwanda to pay tax of exporters affected by AGOA suspension

Rwanda will take over the tax obligations of its apparel exporters to ...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Paolo Ocleppo
Sandvik Hyperion

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

Marten Alkhagen
Swerea IVF AB

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search