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Weaving machines maker Itema reports 20% hike in H1 sales
15
Sep '15
Italian advanced weaving machines manufacturer Itema reported a 20 per cent year over year surge in sales for the six months to June 30, 2015.

In the first six months of the year, Itema sold 17 per cent more weaving machines compared to same period last year.

This led to Group turnover from weaving machines increasing by 24 per cent in the first half of 2015 and total revenue in the same period soaring 20 per cent year on year.

“Since 2012, the company has continuously grown, by more than doubling the volume of textile machines sold worldwide,” Itema said in a press release.

“Nevertheless, we are not a volumes company as well also improved dramatically all financial indicators, once again exceeding expectations with both EBITDA and EBIT up more than 20 per cent,” CEO Carlo Rogora stated.

Additionally, Itema also officially launched a brand new terry weaving machine, the R9500 terry and also opened the doors of a new training center called Itema Campus.

At ITMA, Itema will present, along with the new R9500terry, five other looms in hall 1, booth A101 and several more in partner booths, both rapier and airjets.

According to the company, all of them will be presenting new solutions, devices and applications for specific and increasingly demanding weavers' expectations, including the new evolution of the rapier.

“The new Itema Rapier R9500 2.0, available both for guided and free-flight applications represents the ultimate solution in terms of weaving flexibility and covers the full range of weft types,” it informed.

“Furthermore, it will dramatically reduce weft stops, increase efficiency and boost productivity,” the weaving machine producer informed.

“These are exciting times for us at Itema as we have recorded a constant and robust growth with a CAGR of 13 per cent for the sixth semester in a row,” the CEO observed.

“We are now more nimble and leaner than ever and it really makes a difference, both in terms of response times and the company's bottom line,” Rogora further added.

Itema also stated that the time-to-market of new Itema weaving machines has dropped significantly from more than 24 months for previous models to less than 12 months for the R9500 terry.

The new loom was presented in a series of events in July and September titled 'Weaving Terry Like Never Before' to a select gathering of worldwide customers. (AR)

Fibre2Fashion News Desk – India

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