![]() Financial Daily from THE HINDU group of publications Friday, Feb 07, 2003 |
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Corporate
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Outlook Italian dyeing machine co bullish on India G. Gurumurthy
COIMBATORE, Feb. 6 ITALY'S MCS group s.p.a, the 110-million euro turnover textile dyeing and finishing machinery manufacturing group, is hoping to penetrate India's dye-house machinery market with its new multiflow rope dyeing machine that offers high productivity with low liquor ratio in fabric dyeing compared to the conventional dyeing machinery. The company, along with Eastern Engineering Co (Bombay) Pvt Ltd, its selling agents for India, is currently holding roadshows on the multiflow rope dyeing machinery and automation of dye-house control systems. The Italian company is gearing up its marketing for this latest version of dyeing machinery targeting the knitted and woven fabric processors. MCS is also likely to wield the advantage of getting its dyeing and finishing machinery range into the list of Italian textile machinery that can be covered under the Italian line of credit currently run by the National Small Industries Corporation (NSIC), the Government of India's organisation to assist the SSIs. "We'll work towards getting the NSIC's credit channels for our products including the `multiflow' rope dyeing machinery," said Mr Roberto Marchesotti, sales manager, MCS group (for Asia region). Eastern Engineering Company's Chairman, Mr R. Anand, said that the Italian line of credit gave opportunity for those buying the Italian machinery as the four per cent net interest rate for the rupee credit to be made available would be a competitive rate for the Indian buyers as it comes with no exchange fluctuation risk. Eastern Engineering, which already represents a number of top Italian textile machinery manufacturers in India including Marzoli and Cognetex, has been marketing the MCS group's processing machinery in the country since last year. Both Mr Marchesotti and Mr Anand along with Mr Gianni Pilenga, General Manager of MCS group, were present at a symposium on the high-end `multiflow' dyeing machine held in the knitwear town of Tirupur on Tuesday. Talking to Business Line, Mr Marchesotti said that his company has already sold three multiflow dyeing machines. While two units - in Mumbai and Panipet were installed, the one for a Chennai unit is to be installed shortly. Mr Marchesotti is optimistic of selling at least 20 units in India this year. He said that with garment producers globally laying exacting standards for high precision dyeing, quality of dye-house operation assumed greater importance. In India, Mr Marchesotti felt, the market for conventional dyeing machinery had saturated and at least 65 to 70 per cent of the existing units would have to go for modern dyeing equipment that provided solution to cutting down idle time, low liquid ratio (1:6 compared to 1:15 in the conventional machine), reduction in cycle-time, dye-stuff and energy consumption besides improved productivity. In the case of the multiflow single-rope dyeing machine from MCS, the total processing time taken will be four hours, against the eight hours or so in the conventional dyeing. The Italian machine also yields 1,920 kg of production (904 kg in conventional machine), using a lower steam at 4.5 kgv per kg fabric (7.5 kgv), electric energy of 0.18 kwh (0.38 kwh). Above all, the multiple-flow of the fabric passing through different chambers eliminates un-levelling dyeing. As for the scope for MCS going for joint venture for production of its range of dyeing machinery in India, Mr Marchesotti held the view that though right now this was not the priority for his company, still the Italian group did not `exclude' the possibility of a joint venture because India enjoyed the advantage of having skilled labour in both mechanical and software which will enable one to produce machinery competitively.
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