29. April 2019 | News, Views & Markets

Karl Mayer: Joint Venture in India

Joint Venture in Indien
from left to right: Anuj Bhagwati, Managing Director of A.T.E., Arno Gärtner, CEO of KARL MAYER, and Haresh Panchal, Managing Partner of RABATEX
Source: Karl Mayer
On March 29, 2019 Karl Mayer, Rabatex Industries und A.T.E. signed a contract for setting up a joint venture. The legally independent company is called Karl Mayer Textile Machinery India Private Limited, has its registered office in Mumbai and production facility in Ahmedabad.

The machine manufacturer form Obertshausen/Germany is the majority shareholder and takes responsibility for the management of the new company. The Indian Limited will focus mainly on the manufacturing and sale of warp preparation machines and creels mainly for Indian market, as well as service and spare parts sale 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, it is intended to make good use of the existing competencies and synergies, especially in terms of purchasing and customer service.

edited by Petra Gottwald

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