(From left) Anuj Bhagwati, Managing Director of A.T.E., Arno Gärtner, CEO of KARL MAYER, and Haresh Panchal, Managing Partner of RABATEX INDUSTRIES, during the signing of the contract
(From left) Anuj Bhagwati, Managing Director of A.T.E., Arno Gärtner, CEO of KARL MAYER, and Haresh Panchal, Managing Partner of RABATEX INDUSTRIES, during the signing of the contract

Karl MayerRABATEX INDUSTRIES and A.T.E. recently signed a contract for setting up a joint venture. The legally independent company is called KARL MAYER Textile Machinery India Private Limited, and  has its registered office in Mumbai and production facility in Ahmedabad.

KARL MAYER is the majority shareholder and takes responsibility for the management of the new company.

KARL MAYER Textile Machinery India Private 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.

"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. By pooling our strengths, we will be able to even better support our customers, being close to them in the local market", explained Arno Gärtner, CEO of KARL MAYER.

The special contribution of KARL MAYER and RABATEX INDUSTRIES to the joint venture will be production know-how and manufacturing capabilities in the sector of warp preparation machines.

A.T.E. enriches the group due to its proximity to the market and its strength in customer support. The company has already been KARL MAYER’s distribution partner for many years.

RABATEX INDUSTRIES also relies on the synergies of the new relationship. "Our respective strengths will help us in providing advanced technology machinery backed by professional after-sales service to the Indian textile industry", said Haresh Panchal, Managing Partner of RABATEX INDUSTRIES.