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ITMA Asia + CITME 2016 receives good response
30
Jan '16
The fifth edition of ITMA Asia + CITME which runs from October 21-25, 2016 in Shanghai, China has received a huge response from both domestic and international textile machinery manufacturers.

“They are eager to tap into growth opportunities in China as the country continues its strategic push for quality products, higher productivity and green technologies, a press release from the organisers said.

According to the organisers, space applications for the exhibition to be held at the new National Exhibition and Convention Centre (NECC) in Shanghai will close February 29, 2016.

The textile technology trade show organisers added that almost 1,000 manufacturers have already applied for space.

Gu Ping, vice president of China Textile Machinery Association (CTMA) said, “We have seen a greater number of Chinese manufacturers signing up to exhibit at the combined show this year.”

“Interestingly, nearly 30 per cent of the applicants are first-time participants, which attests to the reputation of the combined show as a leading-edge industry platform,” Ping added.

CEMATEX president Charles Beauduin too said, “As the deadline for space application draws near, we are receiving increasing numbers of applications from our members, anxious to secure a booth before the deadline.”

“As expected, interest from both domestic and international machinery manufacturers is strong, as everyone wants to tap into the market opportunities in China,” Beauduin informed.

Textile machinery manufacturers are leveraging on ITMA ASIA + CITME 2016 as a strategic platform to showcase their latest technologies and products to buyers as China rolls out its 13th Five-Year Plan (2016–2020).

Under the plan, the Chinese textile industry will focus on industrial transformation and upgrading.

Structural adjustments will continue to be made in all sectors, thus expanding opportunities for the further development of textile enterprises and in areas such as industrial textiles.

Again according to CTMA, China's textile industry has been making greater investments to stay more competitive and a total of 15,235 new projects were initiated in 2015.

From January to November 2015, fixed asset investments in textile projects of more than 5 million Yuan each amounted to 1.09 trillion Yuan, which represents a 200 per cent jump from the same period in 2014.

“In view of these positive trends, which will spawn demand for better technologies, and the resounding success of the 2014 show, we are confident that participation in the upcoming show will be outstanding,” Ping observed.

The last ITMA ASIA + CITME show in 2014 was held over 150,000 square metres, attracted around 1,600 exhibitors from 28 economies and was visited by around 100,000 trade visitors from 102 economies. (AR)

Fibre2Fashion News Desk – India

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