Arihant Spinning Mills (ASM) is a flagship spinning unit of Vardhman Group located in Malerkotla, Punjab. It was established in the year 1981 with an installed capacity of 25,000 spindles and at present has 94,512 ring spindles along with compaction and 400 vortex drums. The unit specializes in melange yarns, and is a state-of-the-art facility […]
Saurer Intelligent Technology Co. Ltd (listed in Shanghai, China) and Rieter Holding AG (Winterthur, Switzerland) signed an agreement with Rieter to acquire the Accotex and Temco businesses from Saurer Technologies GmbH & Co. KG and the Autoconer machine business from Saurer Spinning Solutions GmbH & Co. KG. with a purchase price of EUR 300 million. […]