{"id":33431,"date":"2019-10-31T15:39:08","date_gmt":"2019-10-31T12:39:08","guid":{"rendered":"http:\/\/www.textilegence.com\/?p=33431"},"modified":"2020-01-02T14:14:39","modified_gmt":"2020-01-02T11:14:39","slug":"itema-expand-galaxy-schoch","status":"publish","type":"post","link":"https:\/\/www.textilegence.com\/en\/itema-expand-galaxy-schoch\/","title":{"rendered":"Itema Expand Their Galaxy with the Agreement for Significant Stakes of Schoch"},"content":{"rendered":"<figure id=\"attachment_33429\" aria-describedby=\"caption-attachment-33429\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-33429 size-full\" src=\"https:\/\/www.textilegence.com\/wp-content\/uploads\/2019\/10\/itema-detail.jpg\" alt=\"Itema Expand Their Galaxy with the Agreement for Significant Stakes of Schoch\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.textilegence.com\/wp-content\/uploads\/2019\/10\/itema-detail.jpg 1200w, https:\/\/www.textilegence.com\/wp-content\/uploads\/2019\/10\/itema-detail-768x432.jpg 768w, https:\/\/www.textilegence.com\/wp-content\/uploads\/2019\/10\/itema-detail-696x392.jpg 696w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-33429\" class=\"wp-caption-text\">Itema Expand Their Galaxy with the Agreement for Significant Stakes of Schoch<\/figcaption><\/figure>\n<p style=\"text-align: justify;\">One of RadiciGroup companies, the leading textile weaving solutions provider of advanced weaving machines, spare parts and integrated services in the textile industry, Itema S.p.A has added a new step to their strategic growth in the market. Itema agreed for significant stake in Schoch, a manufacturer of weaving accessories, including reed and other components, headquartered in Ranica, Italy by the end of September. In addition to their headquarters in Bergamo, Italy, Schoch has a subsidiary in India.<\/p>\n<p style=\"text-align: justify;\">The acquisition operation is part of the Galaxy project, the wider strategy of <a href=\"http:\/\/www.itemagroup.com\/en\/\" target=\"_blank\" rel=\"noopener noreferrer\">Itema<\/a> launched in 2017 with the target to integrate, through <a href=\"https:\/\/www.textilegence.com\/en\/itema-news\/\" target=\"_blank\" rel=\"noopener noreferrer\">strategic<\/a> diversifications across the whole textile supply chain, key expertise and resources for the development of weaving machines components.<\/p>\n<p style=\"text-align: justify;\">With rapier, airjet and projectile weaving technologies, Itema took over the majority stakes of Lamiflex in 2017. Taking over PTMT (former Panther) later on, Itema acquired Schoch in their next step. The agreement signed with Schoch group will represent a further significant step for the synergic development of key weaving machine\u2019s accessories; as well as a remarkable reinforcement of the company&#8217;s commercial network.<\/p>\n<h2 style=\"text-align: justify;\"><strong>A known brand in weaving reeds and components; Schoch<\/strong><\/h2>\n<p style=\"text-align: justify;\">Schoch&#8217;s takeover operation formalities have been completed by the end of September. the company has been founded by Alfredo Schoch in 1907 in Ranica, Bergamo Province. Son of a Swiss reeds manufacturer; Alfredo Schoch sets up his business in Italy and carries on the family\u2019s entrepreneurial vocation. Key milestone for the company development has been the establishment of Schoch Reeds India in 2009; which ensures to increase and reinforce the strategic presence on the Indian market. The company continues to develop their production portfolio continuously by making new investments in their headquarters in Italy.<\/p>\n<p style=\"text-align: justify;\">For over a century Schoch is for the weaving industry synonymous with efficiency and quality in the production of reeds and accessories for textile looms. In addition to weaving reeds, the company&#8217;s product portfolio includes; dropwires, heldframes, healdwires, nozzles for energy saving, reeds, ultrasonic cleaning machines, weaving accessories, weaving hooks, and weaving reed accessories.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of RadiciGroup companies, the leading textile weaving solutions provider of advanced weaving machines, spare parts and integrated services in the textile industry, Itema S.p.A has added a new step to their strategic growth in the market. Itema agreed for significant stake in Schoch, a manufacturer of weaving accessories, including reed and other components, headquartered [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":33427,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9859],"tags":[10340,11774],"class_list":{"0":"post-33431","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-topical","8":"tag-itema","9":"tag-schoch-en"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Itema Expand Their Galaxy with Schoch - Textilegence<\/title>\n<meta name=\"description\" content=\"Itema S.p.A has added a new step to their strategic growth in the market. 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