French textile machinery ready for ITMA ASIA+CITME
27 May '08
2 min read
“The exchange rates between the US $ and the Euros, the Yuan and the dollar could be a major weakness for us”, says Evelyne CHOLET, UCMTF Secretary General “but there has not been so much impact so far.
In fact, Chinese textile producers like all others are faced with price increases of synthetic fibers, which have an important effect on their costs, as raw materials represent 60 to 70 % of their production cost, compared to around 5%-10 % for the amortization of machinery.
This means costs are going up in China as much as in other places and that the prices of final goods also have to increase there.”
Next ITMA ASIA+CITME is certainly one of the best opportunities to meet new potential customers. This is why the French machinery manufacturers are devoting time, energy and money to be there, bring new technologies, build efficient organizations to be ready to open new partnerships with Asian textile producers.