Home / Knowledge / News / Textiles / China crisis may slowdown textile machinery sector in 2016
China crisis may slowdown textile machinery sector in 2016
07
Sep '15
Bruno Ameline
Bruno Ameline
The financial turmoil taking place in China is likely to lead to a global slowdown affecting the textile machinery manufacturing industry in return. The effects will likely be felt by 2016, according to a leading machinery manufacturers’ association.

“I am positive for 2015 as we currently enjoy buoyant order backlogs, but I feel concerned about a possibly stagnant 2016,” Bruno Ameline, president of the French Association of Textile Machinery Manufacturers (UCMTF) said in a statement. “The economic uncertainty and financial turmoil which we are currently observing in China may lead to a real slowdown.”

Asian markets are active and the investment mood is positive in many markets like Indonesia, Thailand and South Korea, according to Ameline. However, if competitive devaluation of the yuan is amplified, these economies may face a big challenge.

The Turkish market has remained active so far, but the 2015 economic slowdown, current political uncertainty with upcoming elections in November and a sharp decrease in the Turkish currency are clear signs of the need for attention, said the association president.

“I am more positive about India. The modernisation of the textile industry is crucial for its future, but investment decisions are slower than we did imagine,” Ameline said.

He added that markets like Western Europe, Eastern Europe and Central Asia are doing quite well. But if the Chinese market declines significantly, these markets won’t be able to compensate.

He said that many of the French textile machinery manufacturing companies achieved record sales and order intakes in 2015 in most of the application sectors, and are now back to their best levels achieved before 2008-2010 crisis. But there is a lack of visibility in some major markets.

Speaking on the changing scenario of the textile industry, Ameline stated that textile is a technology which is almost as old as mankind. But it reinvents itself regularly, and stands at the spearhead of many high-tech developments.  

Apparel manufacturing, which is labour intensive, grew a large textile industry in Europe in the nineteenth and the twentieth century, he said explaining its market history. Textile production then moved to lower labour-cost areas and closer to mass-user markets – meaning Asia – though it had become more capital intensive with automation.

He does not think that relocation will be a major trend now, but believes that downsizing of the textile industry in Europe will come to an end, and that the European textile machinery will continue to play a leading role.

On a concluding note, the UCMTF president expressed his fascination at the changing aspects of textile and apparel manufacturing like the creativity of the designers, the high-quality standards requested by the end-markets, the fast and flexible logistics achieved by producers and distributors and the inventiveness of some carpet clusters.

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search