Lakshmi Automatic Loom Works has suspended the operations at Weaving Machinery Division at Hosur with immediate effect, pending finalization of discussions with prospective foreign collaborators for manufacture of shuttleless weaving machines. The company has taken this step in view of lack of orders for high speed ‘C’ type automatic shuttle weaving machines.
The company has informed that due to the continuous import of both used and new shuttleless weaving machines, the market for the Company’s ‘C’ type shuttle weaving machines has been affected except sporadic enquires for weaving specialized fabrics.
Further, the operations at Unit 2 of the Company at Kinathukadavu near Pollachi Taluk in Coimbatore District are continued for manufacture of parts for shuttle weaving machines and circular knitting machines and parts for machine tools including tool holders.
