Home / Knowledge / News / Textiles / ITMA ASIA + CITME gears up for bigger 2012 showcase
ITMA ASIA + CITME gears up for bigger 2012 showcase
15
Jun '11
The third ITMA ASIA + CITME combined exhibition is expected to draw positive response from leading textile machinery manufacturers as the Chinese textile industry continues to expand. It will be held at the Shanghai New International Expo Centre (SNIEC) from 12 to 16 June 2012.

According to its owners, the European Committee of Textile Machinery Manufacturers (CEMATEX), China Textile Machinery Association (CTMA), the Sub-Council of Textile Industry, CCPIT (CCPIT-Tex) and China Exhibition Centre Group Corporation (CIEC), the positive textile machinery shipment statistics released last month by the International Textile Manufacturers Federation (ITMF) further shows that demand for machinery has picked up.

Speaking at the press conference held at SNIEC, Mr Fritz Mayer, Board Member of CEMATEX, said, “As the global economy continues to show strong signs of recovery, we expect our 2012 edition to be even bigger than the previous showcase in 2010.”

Explaining further, he said, “Currently, the textile machinery industry report card is looking much better compared to the previous two years. The ITMF's International Textile Machinery Shipment Statistics show that investments, which were reduced during the 2008 crisis, have picked up significantly. In fact, I've been told that a number of machinery manufacturers have full order books, with delivery times, in some cases, of up to two years”.

ITMF statistics point to buoyant demand for textile machinery in the past decade. Although imported textile machinery investments fell back in 2008 and 2009 after an excellent performance in 2007, they have started to register an upward trend since last year.

Machinery shipment figures for 2010 released recently reveal that substantial investments have been made in sectors such as short-staple spindles, open-end rotors, texturing spindles, shuttle-less looms, circular knitting machines and electronic flat knitting machines.

Also speaking at the press conference, Mr Wang Shutian, President of China Textile Machinery Association (CTMA) painted a positive picture of the Chinese industry. Reiterating that the textile industry is a traditional pillar of China's economy, he gave an overview of the industry, including plans to strengthen the competitiveness of the industry.

In 2010, China's textile and apparel exports hit US$206.5 billion, accounted for some 33 per cent of the global textile and apparel trade. On the textile machinery industry front, Mr Wang highlighted the critical role played by the Chinese textile machinery industry.

“The textile machinery industry has laid a solid foundation for the rapid development of the textile manufacturing industry,” he said, adding that the industry had 1,071 large-scale enterprises, employing 149,800 people, as at end 2010.

During the 11th Five-Year Plan period, business revenue grew at an average annual rate of 17.08 per cent, an increase of 3.4 per cent from the 10th Five-Year Plan. The total value of the industry almost doubled during the same period. The production of textile machinery accounted for one-third of global product output.

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Giorgio Mantovani
Corman S.p.A

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Silvia Venturini Fendi
Fendi s.r.l

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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



X