Italian major, Itema, a leading global provider of advanced weaving solutions, reported rise in sales and profit for the fiscal year 2013. While sales of weaving machines and spare parts were up 25 per cent against 2012, EBIT (operational result) was up 30 per cent. Consolidated net proceeds from weaving machinery increased 50 per cent. During the year, Itema branded weaving machines were delivered to 40 countries worldwide.
In 2013, the company focused on a wide range of restructuring and process improvement measures like continued lean manufacturing across the production facilities, both at Coluzate and Shanghai sites. It also introduced automation in the production processes and far reaching energy saving initiatives at the Colzate plant. In Shanghai the move of commercial offices and production plant to a new energy efficient and ergonomic site is in its final stages.
Itema also announced important appointments, Fulvio Carlo Toma was chosen the Group Sales and Marketing Director. Another important appointment was the nomination of Giacomo Sala, Group CFO to the position of Managing Director of Itema Switzerland.
ItemaLab will now be located in a newly created laboratory inside Kilometro Rosso, the renowned Science & Technology Park just outside of Bergama. The company has launched Itema Academy in partnership with Confindustria Bergamo Education.
www.itemagroup.com
