Uster sees significant sales growth in all product groups

Uster Technologies Ltd, the leading high technology instrument manufacturer of products for quality measurement and certification for the textile industry, posted strong performance levels and achieved new record sales in the financial year 2011. The Group’s gross sales grew to CHF 192.5 million, an increase of 44.9% compared to the prior year level of CHF 132.8 million. EBITA increased by 63.7% to CHF 56.6 million (2010: CHF 34.6 million), resulting in an EBITA margin of 29.4% (2010: 26.0%).

The net result amounted to CHF 36.2 million, 74.5% above the CHF 20.8 million achieved in 2010. New record sales came from the combined excellent performance of the new third generation of USTER yarn clearers and substantial increases in demand for laboratory yarn and fiber testing instruments. Bottom line growth was mainly driven by continued improved operational leverage based on the Group’s lean organization. The cash flow from operational activities was primarily used to reduce net debt to CHF 40.7 million, underlining the Group’s strong cash generation ability.

The cash position was improved to CHF 28.8 million with an EBITA / operating cash flow conversion of 95.4%. The cash flow from operating activities amounted to CHF 54.0 million (2010: CHF 42.7 million), used mainly to invest in new production equipment and to reduce debt.

The Group’s strong market position allows Uster Technologies Ltd to invoice in Swiss Francs for the majority of its business reducing exchange rate impacts to a minimum level.


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Indian textile sector to grow 16% this year: Assocham

The Indian textile industry is likely to grow by 16 percent this year and could reach US$ 115 billion by 2012-end, according to a report released by The Associated Chambers of Commerce and Industry of India (Assocham).

The report titled “Textile Industry in India” adds that the textile industry growth will spur a corresponding demand in its ancillary industries, including accessories and machinery.

It says there is a need to further boost textile machinery production, in view of the expected surge in India’s textile exports to US$ 50 billion.

The report estimates an 11-13 percent growth in the country’s non-woven sector and stresses on the need for installing new machinery, adopting latest technology, and improving availability of accessories.

India’s textile machinery sector presently meets 45-50 percent of the total demand of the local textile industry, according to the report.

The south Indian State of Tamil Nadu leads in manufacturing of spinning and allied machinery. The State also leads in production of textile testing equipment. In the production of machinery related to synthetic filament yarn, Gujarat has the upper edge.

Six clusters in the country – Ahmedabad, Surat, Mumbai, Bangalore, Coimbatore and Ludhiana – produce textile machinery worth Rs. 50.1 billion, according to the report.

As per the Government of India conducted Textile Engineering Industry (TEI) census, about 598 units manufacture complete machines, while another 848 units produce machinery parts and accessories, in addition to equipment for monitoring and testing the quality of fibres and textiles.

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Textile & garment machinery expo in Bangladesh from Feb 9

The ninth Dhaka International Textile and Garment Machinery Exhibition (DTG 2012) will begin on February 9, 2012 at the Bangabandhu International Conference Centre.

The four-day event DTG 2012 is being organized by Bangladesh Textile Mills Association (BTMA) in collaboration with Yorkers Trade and Marketing Service Co. Ltd. and Chan Chao International Co. Ltd.

Wide variety of latest machinery and parts used in the textile and garment industry would be on display at the expo.

At the DTG, in which more than 800 exhibitors are expected to take part, new textiles and garment technologies will also be showcased.

There will be over 102 stalls at the event belonging to major brands like Karl Mayer, Jacob Muller, Fong’s, Baruda, Groz-Becker and CTMTC.

In all, companies from 31 countries and regions will participate in the event.

 For more info please visit : Textile & garment machinery expo in Bangladesh from Feb 9 @ fibre2fashion

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