Published on : 03 Oct 2007

The Italy-based Itema Group is to commence production from its Coimbatore textile machinery unit under the Savio brand name from January 2008. The new Indian textile spinning unit will begin production using the latest technology in “'two-for-one twister'.

The Itema Group has 10 companies worldwide, seven research and development centres and a presence in more than 90 countries with 2,890 employees. The group has operations in the US and China: Itema America and Itema Shanghai.

The Indian unit will operate out of a 88,000 sq m facility with a covered space of 15,000 sq m from Coimbatore. The land for the new project was bought in 2007 and the buildings are at an early stage of completion. The Group will be eventually investing close to €5 m in the new venture. Previously, the company had a presence in the Indian markets in collaboration with a leading textile machine tool maker, which was licensed to produce twister machines with Savio technology. Now, the company has decided to embark on its own course with the new production facility. - THE HINDU BUSINESS LINE