Mayer & Cie.’s newly formed management team says it is more than pleased with the performance of its business this year. The traditional, family-run Baden-Wurttemberg based business will achieve a turnover of more than Euros 60 million in 2010 and will deliver close to 1000 circular knitting machines.

 More than 150 of the machines are fully electronic jacquard machines which underlines the Southern German company’s claim to technological leadership.

“This is the reason why Mayer & Cie. GmbH & Co. KG with their subsidiaries in the key markets China and Brazil as well as the worldwide sales and service network continues to be global market leader both in technology as well as in turnover in the circular knitting machinery sector,” a statement issued by the company this afternoon said.

“In order to maintain this position, Mayer & Cie. more than ever and with uncompromising commitment focus on the factors of success - quality, service and innovation - which the company made so strong during the last 105 years. At present more than 70 valid patents are in the property of the company. Until ITMA 2011 in Barcelona more will be added yet and can be seen in some of the new machine models which will be shown there,” the statement continued.

Since emerging from administration earlier this year, Mayer & Cie.’s newly formed management board which consists of Rainer Mayer, the partner who returned to the management board, new appointee Josef Kleebinder and exisiting board member Marcus Mayer, have been growing in confidence and say they are confident that the coming business year in 2011 will be at least at the level of 2010.