The Group’s net profit of €67.1 million, includes €47.8 million from the Weaving Machines and Industries divisions and €19.4 million from its stake in Tessenderlo Group nv.
“The Weaving Machines division had a very strong half-year based on the well-filled order book at the end of 2017, although it experienced a slight decrease in turnover compared to the exceptionally strong first half of 2017,” the company said in a press release.
“Despite the lower demand from the Weaving Machines division, the Industries division again realised a strong first half-year thanks to higher demand and projects from other customers. The Industries division thus continues to contribute to the growing diversification of the group by fully focusing on castings and mechanical finishing (Proferro), controller capacities (PsiControl) and precision parts (Melotte),” the release added.
For the second-half of 2018, the order book is well-filled. However, the Group expects a slight decrease in turnover over the full 2018 financial year compared to 2017—the best result in the history of the group—and is taking into account a further impact of rising commodity prices. (RKS)
Fibre2Fashion News Desk – India
| On 7th May 2021
The value of exports of garments and accessories from the Southeast...
| On 7th May 2021
Sateri, the world's largest producer of viscose fibre, has entered...
Petrochemical company Hanwha Total Petrochemical (HTC) has invested...
Good tidings expected for textile industry
The pandemic has reinstated need for organised retail spaces in Tier II...
Wearables have very limited reach
From design to raw material to fabrication and ultimately to delivery -...
The JD Institute of Fashion Technology is the educational division of JD...
UK based Amba Projex Ltd designs, manufactures, and installs industrial...
MIP is a manufacturer and distributor of high-performance textiles and...
<div>RocketLife, an award-winning developer of breakthrough visual...
Freudenberg Performance Materials is a leading global manufacturer of...
Gramin Vikas Evam Chetna Sansthan
Ruma Devi is a jet-setting promoter of artisans who has empowered...
Label Archana Jaju
<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...
Tahweave & Garo
Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.
Download Free Report
Rising Opportunities in Technical Textiles Market: 2020-2026
Thank you for showing interest in our free report on 'Rising Opportunities in Technical Textiles Market: 2020-2026'
You will receive an email shortly with a link to download the report and in case if you don't receive our email, you can write back to email@example.com.