#ITMA 2023

2023-04-20

Itema Group at Swissmem Pre-ITMA 2023 Press Conference

Itema, the global leading provider of advanced weaving solutions, including weaving machines, OEM spare parts, weaving accessories, and integrated services, participated in the Swissmem pre-ITMA 2023 press conference in Bern on the 17th of March.

Matteo Mutti, Itema Switzerland Ltd Managing Director, first introduced the Group’s 2022 financial results and then focused on ITMA 2023.

In 2022, Itema recorded a sales revenue of EUR 337.6 million, up +10% over the previous year, thus continuing its path of constant growth.

Mr. Mutti continued by introducing the main highlights of the Itema Group’s participation in the upcoming ITMA 2023: “ITMA 2023 will take place in Milan, Italy, which is our Group home country. Therefore, we are excited to welcome visitors from all over the world and we are working to guarantee to them the best possible experience at the event.”

Itema is present at ITMA 2023 with the target to be a meeting point for the industry. The Itema Group booth in Hall 6 – B105 will offer all the latest innovations in the Itema weaving technology and also premium weaving accessories by the Group companies Lamiflex and Schoch to make the weaving process even more effective, sustainable, smart, and successful.

In Mr. Mutti’s words: “At ITMA, Itema will present a full range of solutions developed to make our customers’ life easier while providing them with tangible benefits in terms of textile mastery, eco- efficiency, digitalization and easy weaving.”

Itema reaffirms its commitment to the Syrian textile industry at NasTex 2026

From July 18th to 21st, Itema will exhibit at NasTex at the Damascus Fairground (Hall 11 – Stand C02), marking its return to one of the Middle East’s historically significant textile markets. Itema will showcase advanced weaving technology designed to support the competitiveness and technological evolution of Syrian manufacturers and announces a new partnership with Growfast Agency as the sole agent of Itema in Syria.

Itema to showcase weaving excellence at ITM 2026

From June 9 to 13, Itema will exhibit at ITM 2026 in Istanbul (Hall 8 – Stand 806D), unveiling a distinctive exhibition concept designed to highlight the Company’s expertise across the entire weaving value chain. For this year’s edition, Itema will introduce an innovative stand experience built around two core areas: advanced weaving and spare parts solutions and an immersive textile gallery featuring fabrics produced by Itema Customers worldwide.

Itema America acquires Palmetto Loom Reed, strengthening local manufacturing and service in the U.S.

Itema America, the U.S. subsidiary of Italy-based Itema Group, has acquired – through an Assets Purchase Agreement – Palmetto Loom Reed, a Greenville, South Carolina-based manufacturer of weaving reeds and one of the last remaining domestic producers of these precision components in the United States.

Rieter sees Barmag integration on track as orders and sales rise

The first half of 2026 was shaped by the successful completion of the largest acquisition in Rieter’s history. The Man-Made Fiber Division enables entry into the growth segment of man-made fibers and sustainably strengthens Rieter’s market position in the Asia region. The expanded Group is now the world’s leading system supplier for the processing of natural and man-made fibers. In the first half of the year, initial cost savings in material costs and operating expenses have already been realized. The targeted synergies are expected to amount to at least CHF 20 million by the end of the 2028 financial year. Due to the completion of the acquisition on February 2, 2026, the first half of the year for the Man-Made Fiber Division only amounts to five months.