Promatech Shanghai Produces First K88 Loom

Promatech ShanghaiProduces First K88 LoomItaly-based Promatech S.p.A.s Shanghai subsidiary,
Promatech Shanghai Machinery Textile Co. Ltd., recently completed production of its first K88 Made
In China rapier loom the first in an order of 30 being produced by a team of 20 associates in its
first year of operation. Promatech Shanghai plans to produce 100 looms by the end of 2003, and to
increase output to 2,000 looms annually by 2005. The K88, designed especially for the Chinese
market, will be the only model produced during the Shanghai facilitys initial phase.The loom was
built by our Chinese personnel under the supervision of Italian technicians with the dual goal of
both beginning local production and training local staff by providing all the skills and knowledge
necessary to make the Shanghai productive unit completely autonomous in assembly and final
inspection testing operations, said Eugenio Bruletti, China project manager.
November 2003