Genkinger, Hubtex Form Joint Venture

Genkinger Hebe- und Fördertechnik
GmbH and Hubtex Maschinenbau GmbH & Co. KG, both Germany-based manufacturers of transport
equipment for the textile industry, have formed a joint venture to complement each other’s product
lines and improve sales and marketing capabilities. The new company, Genkinger-Hubtex GmbH, is
partnering with Germany-based Neuenhauser Maschinenbau, a manufacturer of batching motions and
transport automation.

November 2004