Saxony has long been the center of Germany’s textile industry, and home to many of the machinery firms that provided the specialised equipment for spinning, weaving and finishing mills. The economic disruption following the Great War prompted many of these firms to band together for mutual support against foreign competition and to conserve financial capital. The Sächsischen Textilmaschinerie-Industrien of Chemnitz was the first and largest of such groups to emerge.
Formed in 1920 through the voluntary amalgamation of the firm of Karl Mayer, the Chemnitzer Spinnereimaschinenbau, the Chemnitzer Strickmaschinenfabrik and the Sächsischen Nadel und Platinenfabriken, the new enterprise was able to establish itself in a strong position to take advantage of the investment boom of the 1920s, as government financing made it possible for many textile firms to re-equip their mills. It was also well placed to fulfill export orders from firms in Asia and the Russian Federation.
In the 1930s the firm expanded, acquiring the loom works of Schmidt, Kranz und Compagnie at Nordhausen in 1933, and two years later it acquired the Erfurt Feinmechanische Werke, a manufacturer of precision machines for the textile and tobacco industries. In 1936 it purchased the Vesta sewing machine factory of Altenburg.
Subsidiaries of the firm include:
Chemnitzer Spinnereimaschinenbau AG, Chemnitz (textile spinning machines)
Chemnitzer Strickmaschinenfabrik AG, Chemnitz (textile machinery)
Erfurt Feinmechanische Werke AG, Erfurt (precision machinery)
Karl Mayer Textilmaschinenfabrik AG, Chemnitz (textile machinery)
Nordhäuser Maschinenbau AG, Nordhausen (automatic looms)
Sächsischen Nadel und Platinenfabriken AG, Chemnitz (industrial sewing machines)
Vesta Nähmaschinen-Werke AG, Altenburg (sewing machines)