Home / Knowledge / News / Textiles / Uncertain trends ease over textile machinery sector
Uncertain trends ease over textile machinery sector
12
Mar '13
The impact and veil of recessionary trends prevailing in the global markets, over textile machinery producers since the last four years, seems to have eased a bit. Most of the global textile machine manufacturers had been hit hard since the unfolding of the economic crisis in 2008, which had led to a sharp drop in new textile sector investments. 
 
Italian textile machinery producers scripted a smart turnaround in the fourth quarter of 2012, after a rather bleak and long recessionary phase. Belgium-based Picanol says, it managed to grow its market share and volumes from those in the pre-crisis period, thanks to the success of its new weaving machines.
 
Based on an industry study conducted by the Association of Italian Textile Machinery Manufacturers (ACIMIT), order book position of Italian textile machinery producers surged 47 percent in the fourth quarter of 2012, from a year earlier and 22 percent from its previous quarter. 
 
Mr Johan Verstraete - Vice-President – Marketing (Weaving Machines) at Picanol informs, “The weaving business (rapier & airjet) has not reached the pre-2008 volumes yet. Nevertheless, we managed to grow our market share and also volumes, which are bigger than those in the pre-crisis period, thanks to the success of the new weaving range and a favorable exchange rate.” 
 
“Imports from leading countries like China, Turkey and Indian fell for the whole of 2012, when compared with 2011,” says Mr Federico Pellegata, Director at ACIMIT. “However, we observed good business opportunities from companies focused on innovative textiles, nonwovens and from those operating in niche segments.”
 
Mr Verstraete too was very positive about new investments fructifying last year. He informs, “Many companies who invested in a clever way, have seen additional profits from their investments. And yes, there are still projects around – despite the macro-economic climate that is rather unsure, entrepreneurs do find nice investment opportunities in textiles.”
 
Mr Pellegata is very gung-ho about 2013, when he says, “We are confident of a recovery in the world textile machinery market. Italian orders intake increased significantly in the last three months of the 2012, which is a very significant beginning for 2013. Anyway uncertainties at macroeconomic level in many countries may prove to be an obstacle for a vigorous recovery.”
 
“The order book position is well filled up for the next few months at Picanol, however the second half of the year is less clear, as there is no long term visibility right now,” Mr Verstraete concludes by saying.
 

Fibre2fashion News Desk - India

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

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marcel Alberts
Eurofibers

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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