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

ITC, ICS tie up to help Moroccan textile value chain

Textiles | On 21st Apr 2018

ITC, ICS tie up to help Moroccan textile value chain

The International Trade Centre (ITC) has partnered with ICS, which...

Bangladesh garment manufacturers call for fair pricing

Apparel/Garments | On 21st Apr 2018

Bangladesh garment manufacturers call for fair pricing

Bangladesh garment manufacturers want a ‘commensurate adjustment’ by...

CAIT urges Indian PM for separate internal trade ministry

Textiles | On 21st Apr 2018

CAIT urges Indian PM for separate internal trade ministry

The Confederation of All India Traders (CAIT) has written to Prime...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search