Saurer & Jinsheng JV to offer cotton spinning equipment
05 Jan '06
1 min read
Textile embroidery machines maker Saurer Management AG announced that the company founded a joint venture together with the Chinese Company Jinsheng for the manufacturing of program units for staple fiber equipment and components.
This deal will provide an extension of mid-range and lowend offer for spinning components and equipment for cotton spinning.
Saurer holds a share of 70 percent in the joint venture.
Jinsheng is a Chinese manufacturer of machines and components for staple fiber spinning.
The activities brought into the joint venture by Jinsheng had a turnover of EUR 16m in 2005.
The joint venture allows Saurer to further accelerate the development of the midrange and low-end segments for ring spinning machines in Asia.
Saurer Textile is the world market leader for full service solutions in textile machinery and continuously sets new benchmarks for efficient textile production.
marketing@alchempro.com
