Finance & Economy | News & Insights

PINTER GROUP LEADER IN SPINDLE MONITORING SYSTEMS GEARED UP FOR TEXFAIR 2022

Published: June 14, 2022
Author: DIGITAL MEDIA EXECUTIVE

The Pinter Group has carved a niche for itself with its spindle monitoring systems and roving stock. Pinter FA.NI Asia Private Limited, the group’s Indian subsidiary, is all set to showcase its technological expertise in the forthcoming Texfair 2022 trade fair to be held from June 24-27, 2022 at Coimbatore. FY 2021-22 has been a good one for the company. Pleased with the performance, R Soundararajan, Managing Director, Pinter FA.NI Asia Private Limited, said: “It has been one of the best years since we started operations in India. We have consolidated our presence in the market. Our sales turnover has increased.”

“The same trend is continuing in the current financial year too. Right now the only challenge that we are facing is the shortage of raw material which almost all the textile manufacturers are going through,” he added. “Thanks to our group’s foresight and wide vision, we have been able to manage the situation very well. We have factories in Italy, Spain, India and China. We can always share the components. Wherever there is a shortage, we shift the components. It is one advantage that we have got,” he further said.

R Soundararajan, MD, Pinter FA.NI

According to Soundararajan, apart from India, FY 2021-22 has also been one of the best years for the company globally too. “In fact, we are expanding our facilities in Coimbatore. We are adding one more unit, two km from our present unit. Most probably from September onwards we will be operating from both the premises,” he informed. One of the highlights for Pinter Group in recent times has been the launch of an automatic piecing robot for spinning machinery. Going into details regarding the same, Soundararajan stated: “This can be retrofitted. We launched the product at ITMA Shanghai 2021. Most probably we will be launching the same in India during ITME 2022.”

Adding further, he said: “As you know we have also been manufacturing core spun yarn attachments. We are also planning, perhaps after 2022, to manufacturing them in India.” Soundararajan also felt that policy initiatives such as the PLI and mega textile park schemes have come as a shot in the arm for the textile industry especially for mills looking for forward integration. “While the PLI scheme may mostly be for manmade fibre, our system with spindle monitoring and roving stock has become a necessity for spinning yarn, because without it you will face problems like lapping and more wastage. Now more customers who are processing synthetics are buying our systems. In fact, in FY 2021-22, out of our total turnover, more than 30% has been from synthetic processing customers,” he pointed out.

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