Global Textile Chemicals Market is estimated to have a value of USD 26.5 billion in 2022 and is expected to exceed USD 40.6 billion by 2032, Fact.MR, a market research and competitive intelligence provider said in a report.
Santoni Shanghai Knitting Machinery Co., Ltd., founded and wholly owned by Italy's Lonati family, today announced the strategic acquisition of Terrot GmbH, a leading manufacturer of circular knitting machines based in Chenmitz, Germany. The move comes as the latest development in Santoni Shanghai's long-term vision to build an ecosystem that aims to reshape and consolidate the circular knitting industry. The transaction will be finalized pending approval from Chinese regulatory authorities.