Textile Technology section
Stoll: Opening of the 2nd construction section
The merger between the textile machinery manufacturer Karl Mayer Textilmaschinenfabrik GmbH, Obertshausen/Germany, and the manufacturer of flat knitting machines H. Stoll AG & Co. KG, Reutlingen/Germany, was completed on July 1, 2020.
Stoll will be moving with its premises from the site at Stollweg in Reutlingen/Germany, to the Reutlingen-Betzingen industrial estate, where it will continue its activities under the new owner, as planned. Already in 2004, Stoll relocated its production to the location in the Mark West Industrial area in Reutlingen. Over the course of 2 project stages, a development center will first be built, and later a customer center will follow, in order to accommodate the other business units.
The official start of the construction for the development center was on July 26, 2019. The office building for approx. 70 employees is expected to be completed by autumn 2020.
July 29, 2020 saw the beginning of the 2nd project stage, with the aim to erect the customer center by 2021.
ACIMIT: strong decline in Italian textile machinery in Q1/2020
In the first quarter (Q1) of 2020, the orders intake of Italian textile machinery registered a sharp drop. The Covid-19 pandemic is impacting heavily on the sector. The consequences on the orders will be more negative in Q2.
The index of orders intake for textile machines drawn up by the Association of Italian Textile Machinery Manufacturers (ACIMIT), Milan/Italy, for the period from January to March 2020 fell by 31% compared to the same period of 2019.
Order intake was negative both on foreign markets and in Italy. Orders from abroad were down 26%, while on the domestic market they marked -57% compared to Q1/2019.
Following a difficult year, the Italian textile machinery had to face Covid-19 pandemic, which led, as a first consequence, to the slowdown of the main markets in the sector, China, Turkey and India, in January 2020. Indeed in 2019 the Italian textile machinery industry observed a decrease both in production (-13%) and in exports (-14%) compared to the previous year.