Latest figures mark a recovery since the previous quarter, with net profit up by 72% on a quarter to quarter basis.
The announcement is part of the company’s long-term strategy to drive growth by adding talented executives in key positions.
For the first time during Interfiliere Shanghai, the Interfeel’ Awards were organised, with five companies awarded for their uniqueness.
On display will be the latest technology, including two of the company’s SIR series computerised flat knitting machines.
The non-stretch cotton lace featured one traditional floral pattern design and another, patterned with soft, geometrical motifs in an Aztec style.
Among the top Chinese companies, there are three filament yarn producers that have already reduced their capacity this year.
Warp knitted technical textiles specialist Baltex will be in the spotlight at a British technology showcase in London this week.
The new yarn range includes innovative blends of wool and technical fibres for jersey, flat and seamless knitting.
Founded by Shima Seiki, and initiated in New York City, Kotoba brand became a multicultural project.
Japanese TV viewers will get the chance to watch how top quality knitwear is ‘Made in Italy’ by Maglificio Pini, a family owned Italian knitwear manufacturer.