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The Textile Magazine
JUly 2012
large integrated textile companies with sufficient internal
accruals or arrangements with banks / financial institutions
were able to proceed with their investment programmes.
The Budget for 2012-13 too has failed to cheer the Indian
textile industry, which has been bogged down by many
issues. However,extension of relief for R&D activities
and testing laboratories, exemption of expenditure on skill
development in the manufacturing sector, allocation of Rs.
1,000 crores for National Skill Development Programmes
and allocation of Rs. 2,914 crores for the TUF Scheme
were hailed as steps in the right direction.
In the current market scenario, LMW aims to strengthen
the existing product lines by presenting new value-added
products with high level of automation. Despite stiff
competition from multinational companies, the company
has retained its market position through its ability to pro-
vide comprehensive spinning solutions, prompt after-sale
services and commitment to enhance the bottomline of its
customers.
The move to allow 100 per cent foreign direct investment
(FDI) in the textile sector and retail sector and the commit-
ment to establish more textile parks by the Government is
expected to bring moderate growth in business to this divi-
sion in the coming years.
The turnover of LMW Textile Machinery (Suzhou) Co.
Ltd. (LMWTMSCL) during the year under review was
Rs. 15,860.53 lakhs by sale of 304 machines as against
Rs. 11,221.18 lakhs in the previous year. As on March 31,
2012, the company has received orders for 294 machines
worth Rs. 15,405 lakhs, and the same are under execution.
During the year the company earned a net profit of
Rs. 93.51 lakhs (previous year net loss Rs. 1,271.40
lakhs).
LMW’s latest technologies displayed
at ITMA ASIA
Lakshmi Machine Works showcased innovations at ITMA
Asia. With the unceasing product innovations and continu-
ously setting new standards for the global textile industry,
the company exhibited new technologies like ring frame
LRJ 9/AXL linked with Murata Q-Pro Link Winder, draw
frame LDA/1 Drafting module, card LC361 and compo-
nents.
Ring frame LR J9 Series is designed with a blend of cut-
ting-edge technologies and proven LR9 Ring frame features
to produce perfectly compacted yarn. The live demonstra-
tion of compact Ring frame LRJ 9/AXL at high
speed, linked with the winder, was well received
and appreciated by the visitors for its innovative
technology and salient features.
High speed auto leveller Draw frame LDA/1
sets new standards for sliver and yarn quality. The
drafting module of the Draw frame LDA/1 was
indeed a special attraction. The Card LC 361/LC
363 configured for higher production upto 120 kg/
hr with distinctive features received overwhelm-
ing response from customers.
The visit of key officials and esteemed custom-
ers to the stall and the numerous enquiries gener-
ated during the exhibition proved it a sensational
show by LMW to strengthen its position in the
market place.
w
Mr. K. Soundhar Rajhan,
Chairman, LMW Textile Machinery ( Suzhou) Co. Ltd.
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