Karl Mayer, Rabatex Industries and A.T.E. have signed a contract for setting up a joint venture, Karl Mayer Textile Machinery India Pvt. Ltd. with its registered office in Mumbai and production facility in Ahmedabad.
Karl Mayer is the major shareholder and takes responsibility for the management of the new company.
The new joint venture will focus on the manufacturing and sales of warp preparation machines and creels mainly for the Indian market, as well as service and spare parts sales for warp preparation and warp knitting machines.
By means of the newly founded entity, the joint-venture partners aim to enhance their position and distribution in the Indian market. Moreover, they intend to make good use of existing competencies and synergies, especially in terms of purchasing and customer service.
Karl Mayer CEO Arno Gärtner explains, “With the further development of our international organization, and with our proven way to produce in our main markets, we want to continue to make a contribution to the long-term success of our customers. We are really proud of setting up this joint venture. By pooling our strengths, we will be able to even better support our customers, being close to them in the local market.”
The special contribution of Karl Mayer and Rabatex to the JV will be production know-how and manufacturing capabilities in the sector of warp preparation machines. Both companies are important players in the warp preparation industry, and Karl Mayer is recognized as a leading and innovative machine manufacturer in the world’s markets in all areas it is active in.
A.T.E. enriches the group with its proximity to the market and strength in customer support. The company has already been Karl Mayer’s distribution partner for many years.