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The rise in technical textiles has also ensured that the German companies earn profits by exporting technically advanced
machinery to China, United States of America, Mexico and India.
Arif Chishti, managing director of Abdul Latif Jameel
Machinery, said: "A kaizen approach to consistently improve the best-in-class customer support needs of our partners and customers is central to our work at Abdul Latif Jameel
Machinery.
Meanwhile, imports of textile
machinery went down by 18.43 percent as it was registered at US$ 72.37 million in July-August, 2018 from US$ 88.331 million of corresponding period of last year.
Labeling, decorating & coding
machinery as well as vertical and horizontal form, fill, seal are forecast to grow the fastest of all
machinery categories through 2021, at CAGRs of 3%, 3.1% and 3.2%, respectively.
He stressed industrial development in countries happened due to zero rated tax regime, where
machinery was exempt from all kind of taxes and duties.
Among the top five, however, Yiyang Rubber & Plastics
Machinery Group and Guilin Rubber
Machinery are the subsidiaries of China National Chemical Equipment, which also holds Fujian Sino-Rubber
Machinery, a third subsidiary specializing in the rubber
machinery business.
It will also enable the group to capitalise on the trend of agricultural modernization and engage in expansion in the agricultural
machinery business, a significant part of the agricultural sector.
With experienced technicians dedicated to understanding customer needs, Phoenix
Machinery focuses on producing fully customized baby diaper converting
machinery, adult incontinence diaper converting
machinery, and feminine napkin converting
machinery and parts.
Less import of
machinery is not a good sign for national economy and can cause serious results.
Ltd entered into an asset purchase agreement with Robert Bosch GmbH (Bosch Group) on February 8, 2012 concerning the transfer of the entire stock and equity interest (100% of total shares issued or equity interest) of the four subsidiaries that comprise the Eisai Group's
machinery business to Bosch Group.