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| The Textile Magazine
JUNE 2012
China is undoubtedly the global textile industry leader. But in textile machinery
manufacturing, Europe continues to be the powerhouse of technology, research and
innovation. European machinery manufacturers still command a premium in the global
market for superior quality and technology. However, Chinese textile machinery
manufacturers can boast of big numbers but haven’t been able to establish a credible
global presence.
There are always exceptions to this, and CHTC is one such company which is emerging a
global conglomerate in textilemachinerymanufacturing.With its presence across the entire
spectrum of textile machinery, from spinning to garmenting, CHTC has been aggressively
acquiring established global brands to strengthen its technological capabilities. The
company made its intention clear with the acquisition of Fong’s and Autefa in 2011 and
more recently the premium German brand Monforts through Fong’s. All these acquisitions
will further strengthen CHTC’s product range, technology and, more importantly, its brand
perception globally. Here is a detailed analysis of the group’s ambitious future plans.
cover story
By K. Gopalakrishnan