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The Textile Magazine
SEPTEMBER 2011
global turnover of over 650 mil-
lion Swiss francs. The company has
adopted a strategy to manufacture
specific products in specific markets
instead of manufacturing the entire
range. But the complete range is
offered to customers by importing
and supplying items based on their
requirements. Habasit is also plan-
ning to make significant invest-
ments in India in the coming years.
Habasit Iakoka clocked a turno-
ver of Rs. 63 crores in 2010-11
and the target is Rs. 70 crores for
the current year, which Mr. Subra-
maniam feels will be an uphill task
considering the tough conditions in
the textile industry. Currently, the
textile industry contributes to 70 per
cent of the Indian turnover and the
balance 30 per cent comes from
non-textile verticals.
Habasit Iakoka is an OE supplier
to all major machinery manufac-
turers like LMW, Truetzchler, KTTM
and Savio. The company has a very
strong presence in the replacement
market with over 24 distributors
across India and Bangladesh.
Mr. Subramaniam is very confi-
dent about the future growth pros-
pects in the Indian textile industry
when he observes that Habasit
Iakoka will play a key role in this
growth story.
w
ITMA 2011
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