The Germany based textile machinery manufacturer; Oerlikon Neumag has received an order to supply two 200 tons per day staple fibre spinning lines and other allied equipment from South Korea based Hyundai Engineering.
This order was placed by Hyundai Engineering somewhere in late-2009 and the plant is expected to be commissioned in mid-2011. An official source from Oerlikon Neumag confirmed the news to Fibre2fashion.
According to a senior official of Hyundai Engineering, Oerlikon Neumag was considered because the company offers large technology know-how and the expertise which meets their high demands.
Fibre2fashion News Desk - India
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