Once again in 2020, sales of the knitting machine manufacturer Mayer & Cie. GmbH & Co. KG, Albstadt/Germany, saw a 20% decline on the previous year to €72 million. In 2019 sales were already down 12% on 2018 despite the launch of a new product range of braiding machines in Albstadt. Comparing 2018 and 2020 sales directly, the downturn was all of 32%. At the end of 2019 the personnel structure was adjusted to the decline in demand.
Since late summer 2020, after the first wave of the corona virus, Mayer & Cie. has benefited from a significant recovery in the market. Further expectations for the 2021 business year are positive. Managing Director Benjamin Mayer expects the company to exceed the originally planned annual production of circular knitting machines. The sales target for 2021 is around €96 million and will lead the company back into the black.
The production of braiding machines at the Albstadt site was intended to compensate for fluctuations in the textile machinery market. In 2019 and 2020, the new business division could claim a 10-20% share of sales at full capacity. In terms of machines produced, an increase of 14% was recorded from 2019 to 2020.