Uztex inks € 40 million deal with Lonati

Sock Knitting Machine

Lonati, the sector’s leading producer of socks machinery, has signed a Euro 40 million settlement with Uztex, a leader in the production of socks, for the deliver of one,024 machines, inclusive of sock finishing strains manufactured via Tecnopea, the Lonati organization’s organization that specialize in computerized machines for ironing and packaging of socks.

Uztex claims to produce 30 per cent of Uzbekistan’s textile manufacturing, and with the brand new contract signed in Zurich in might also, 2016, which the business enterprise states is the largest order in the history of Lonati, the gadget protected will further boom its output. The shipping of the gadget is scheduled to take area at the stop of 2016 and in the beginning of 2017, at the same time as the negotiations on the deal have been in motion since the beyond 4 years.

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This order is the latest in a chain of massive orders obtained by way of the Italian corporation from Uzbek, which for the reason that 2015 has entered into some of agreements for the deliver of more than 1,000 of the state-of-the-art generation automatic closed toe socks knitting machines, bringing the numbers to two,064 – the overall share of general equipment bought.

Over the course of time, Uztex has grown in phrases of manufacturing. The enterprise extended with Uztex Chirchik for the production potential of eleven,000 tonnes of dyed yarns and fabrics in line with yr. last yr, it doubled up the producing potential of its Shovot facility, which at present produces eight,000 tonnes of combed yarn every 12 months. And this 12 months best, the manufacturer had set up a brand new plant in Namangan for the manufacturing of seven,000 tonnes of towelling fabric yearly.