Karl Mayer, Rabatex Industries and A.T.E. have signed a contract for setting up a joint venture. The legally independent company is called Karl Mayer Textile Machinery India Private Limited, has its registered office in Mumbai and production facility in Ahmedabad.
Karl Mayer is the majority shareholder and takes responsibility for the management of the new company. The new joint venture will focus mainly on the manufacturing and sale of warp preparation machines and creels mainly for Indian market, as well as service and spare parts sale for warp preparation and warp knitting machines.
“With the further development of our international organisation, and with our proven way to produce in our main markets, we want to continue to make a contribution to the long-term success of our customers. We are really proud of setting up this joint venture. By pooling our strengths, we will be able to even better support our customers, being close to them in the local market,” explains Arno Gärtner, CEO of Karl Mayer.
By means of the newly founded entity, the joint venture partners aim to enhance their position and distribution in the Indian market. It is also intended to make good use of the existing competencies and synergies, especially in terms of purchasing and customer service.
“The special contribution of Karl Mayer and Rabatex Industries to the joint venture will be production know-how and manufacturing capabilities in the sector of warp preparation machines. Both companies are important players in the warp preparation industry,” said Roland Kohn, President of the Business Unit Warp Preparation of the Karl Mayer Group.