Lakshmi Machine Works opens plant in ChinaThe new plant, which was built with an outlay of $29 million, will be a major boost to its plans to consolidate in both Indian and Chinese ...
Lakshmi Machine Works eyes new export markets to dodge domestic competitionCompetition has been intensifying in the sector with large global players entering the Indian markets and setting up facilities.
Sudarshan Venu to tie the knotSudarshan Venu has been the vice-president at TVS Motor Company since December 2011 and its whole-time director since February 2013.
LMW joins hands with Sobha Developers for apartment projectTextile machinery major Lakshmi Machine Works has made a foray into real estate sector, joining hands with realty major Sobha Developers.
China buys 140 million-kg yarn from India in two months, crisis-ridden textile industry cheersA 75 per cent rise in purchases by China in past two months plus other positives make prospects brighter for textlie sector.
- Singapore's Amansa halves its stake in Lakshmi Machine Works
Amansa Investments has sold two lakh shares, or 1.77%, in textile machinery maker Lakshmi Machine Works for about Rs 42.50 cr in open marke...
- Rieter fully exits Lakshmi Machine Works
Rieter has sold its residual 3.48% stake in Lakshmi Machine Works for about Rs 78.40 crore in an open market transaction on Tuesday.
- Lakshmi Machine Works sees zero growth for FY13
Coimbatore-headquartered Lakshmi Machine Works (LMW) expects zero growth for FY 2013.
- Rieter to exit Indian joint venture with LMW
Swiss company Rieter has decided to exit its 17-year-old joint venture with Lakshmi Machine Works by selling its 50% stake to the latter.
- Lakshmi Machine Works's partner Rieter to exit JV
Post the transaction, RLM would become a wholly-owned unit of LMW, which would continue to utilise the facility for manufacture of textile ...
- Reiter sells big chunk of its stake in LMW buy back
Reiter, a partner of the Rs 1,136 crore LMW for nearly half a century, has significantly brought down its stake in the venture, as part of ...
- Cotton spinning companies to see good times
With cotton crop failing in Pakistan and lower growth in US, international cotton prices are likely to be dominated by India.
- Plan to set up $500 million facility near Chennai: Huawei
Chinese telecom equipment maker Huawei plans to set up a $ 500 million manufacturing facility near Chennai, the state government has said.
- LMW posts Rs 104 cr net in FY10, to enter realty biz
Textile machinery manufacturer, Lakshmi Machine Works (LMW) has reported a marginal drop in net profit at Rs 104.68 crore during 2009-10 ag...
- LMW used downturn to cut flab successfully
The slow down saw companies pressing panic button and rushing to cut costs across the board- advertisements, people, travel and client inte...
- For an LED-led rural lighting
Light emitting diodes (LEDs) offer enormous saving in power, last many times as long as conventional lamps and are robust.
- LMW sets new record in spindles supply
Lakshmi Machine Works (LMW) has created a new milestone in meeting the demands of the Indian textile industry.