The Hindu Business Line : ‘Juki market share intact despite downturn’

Bangalore, April 9 Juki India, the Japanese industrial sewing machine company, has managed to maintain its strong market share. The global downturn in the textiles industry has had only a marginal impact on its business.

The Japanese company currently enjoys a 25 per cent market share, which was an increase of five per cent over 2008, said Mr Katsumi Nihei, Managing Director Juki India.

Talking to media persons on the sidelines of opening of the company’s new corporate office here Thursday, Mr Nihei said the company’s sales suffered a marginal dip against the 35 per cent decline in the $140 million industrial sewing machine market during last year. However, its strategy to provide complete solutions, including research support had stemmed the slide.

He said its leading customers adopting newer technology machines to increase productivity and production in the wake of increasing labour cost helped the company maintain a steady growth, Mr Nihei said.

Mr Shinji Yamaguchi, Chief Executive Operating Officer of Juki Corporation, said with a large warehousing facility and strong aftermarket support, the company expects its business to get an impetus.

Stating that India was the next important market after China, Mr Yamaguchi said the company hoped to build a strong base in the country in the next decade for sewing machines with strong sales service support.

More Stories on : Outlook | Market Shares | Textile Machinery

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page