Joint venture pays off for Terrot
04/12/2008
In spite of the current economic depression and a tough market for textile machinery, Terrot has announced that a joint venture it set up two years ago with Indian partner Voltas has started to pay off.
The companies have announced an increase in textile machinery sales of 13% and have said that they fully expect further growth in the Indian market in 2009.
There are already more than 1,000 Terrot-produced circular knitting machines in operation across Indian centres of textile manufacture, producing a wide product range of knitted fabrics.
Terrot has said it expects further success with its S296-2 machine, which it has designed specifically with the Indian market in mind.
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