Textile machinery manufacturer Lakshmi Machine Works, supplies comprehensive range of spinning systems accompanied by various value-added services. These services are meant mainly to familiarise customers with the systems and help them attain optimum performance output.
Despite the volatile situation in the industry, the company made strong inroads into compact yarn segment in 2016-17 thanks to the stable performance of Lakshmi compact system and acceptance of the performance by top end spinners. Also during 2016-17 it increased market share of cards and successfully launched the new product Card LC636 and Lakshmi Winders.
Lakshmi executed many projects in 2016-17 with project sizes varying from 25,000 to 1,00,000 spindles. The machines supplied to these projects produce a variety of yarns like combed, carded, compact, SIRO and special yarns and have high standards of automation, energy saving features and readiness to meet industry 4.0 standards.
The manufacturer has fared well in global markets in spite of shrinking market size in 2016 and is expected to do better in 2017 considering improvements in market conditions and the launch of new products. LMW has put in place stock and sale business model for spares management which helped in meeting the requirements of customers effectively.