Home / Knowledge / News / Textiles / 170 ACIMIT members participate at ITMA, Shanghai
170 ACIMIT members participate at ITMA, Shanghai
28
Jul '08
At the upcoming ITMA ASIA + CITME exhibit, set to open its doors on July 27 in the trade fair district of Pudong, Shanghai, Italian textile machinery manufacturers will make up one of the largest foreign delegations, with 170 exhibitors occupying an overall surface area of 7,000 square meters.

“ITMA ASIA +CITME is the most important trade fair event for the global textile machinery industry in 2008” emphasizes Paolo Banfi, President of ACIMIT (the Association of Italian Textile Machinery Manufacturers). “Asia by now represents over 50% of the world's demand for textile machinery. Imports to the area have reached a value of 8.6 billion Euros, with China and India, Asia's two largest markets, by themselves absorbing all of 32% of global imports for the industry. These figures bear witness to the importance of this event and the expectations of all exhibiting manufacturers for the success of this first edition of ITMA Asia + CITME held in Chinese territory.”

“For Italian textile machinery builders,” continues Banfi “exports to Asia in 2007 represented fully 43% of foreign sales, for overall revenues of 793 million Euros. China is the major foreign destination for Italy's textile machinery products, with India coming in third.” Italian export figures for the first quarter of 2008 are largely encouraging at the eve of the exhibit's opening in Shanghai. Over the first three months of 2008, Italian manufacturers recorded a 4% growth in exports directed to Asia, compared to the same period for 2007. The increase in Italian exports to China was roughly 8%, and 4% for India.

“Asia's textile/garments sector must also face up to a new, disturbing situation,” concludes ACIMIT's president, “with rising prices for primary materials, increases in production costs, and falling Western consumer markets. To remain competitive, they'll need to raise the quality level of their products. Italian technology on show at Shanghai will be capable of satisfying this need.”

Among the innovations at ITMA ASIA + CITME are the national clusters. 76 Italian companies will be exhibiting their products at the Italian Clusters, organized by ACIMIT, Italian Institute for Foreign Trade and Ministry for Economic Development. The three Italian Clusters will be located in the spinning (W2), weaving (E6), and finishing machinery (E1) pavilions.

ACIMIT has also scheduled a press conference during the event, organized in collaboration with Italian Institute for Foreign Trade and the Ministry for Economic Development. The press conference, to be held on July 28 in the trade fair area, will provide an opportunity to present Italy's participants in the exhibition, as well as defining the current economic situation for the Italian textile machinery industry.

The Association of Italian Textile Machinery Manufacturers


Must ReadView All

FDI in Vietnamese textile-garment projects on the rise

Apparel/Garments | On 24th Jun 2018

FDI in Vietnamese textile-garment projects on the rise

The European Union-Vietnam Free Trade Agreement and the Comprehensive ...

Courtesy: Alizilla

Apparel/Garments | On 24th Jun 2018

Alibaba Group sets up office in Kuala Lumpur

Strengthening its commitment to Malaysia, Alibaba Group has set up an ...

Bombay Dyeing plans to wind up Indonesian JV

Textiles | On 24th Jun 2018

Bombay Dyeing plans to wind up Indonesian JV

Bombay Dyeing & Manufacturing Co Ltd plans to wind up its loss making ...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kevin Nelson
TissueGen

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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


June 2018

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

news category


Related Categories:

Advanced Search