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Winterthur   Saurer Textile System’s profit grows STS, the textile machinery business, reported operating profit for 2004 of Euro 77.2 million, up from Euro 62.2 million in 2003, and improved margins to 6.9% from 4.9% previously. Reduced costs, a higher percentage of value added in Asia and lower restr...more by TextileIntelligence Thursday, 17th March 2005View more news from [ Winterthur ] [ Switzerland ] Saurer and Jinsheng form JV to make spinning machinery component At the end of 2005, Saurer set up a joint venture with China based Jinsheng for manufacturing of program units for staple fiber spinning equipment and components....more by Textile Intelligence Tuesday, 17th January 2006View more news from [ Winterthur ] [ Switzerland ] Saurer expands non woven business by acquiring Fincarde Saurer announced that it has acquired 100% of the Italian-based Fincarde Group at end of December 2005. Fincarde will be integrated in the nonwovens technology platform of the Saurer business unit Neumag. This was announced just before the new year....more by Textile Intelligence Thursday, 12th January 2006View more news from [ Winterthur ] [ Switzerland ]

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