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

Textiles minister Smriti Irani lighting the lamp to inaugurate the 6th edition of the International Apparel and Textile Fair ‘VASTRA 2017’, in Jaipur. Courtesy: PIB

Textiles | On 22nd Sep 2017

Placement rate in textiles sector is 70%: Indian minister

The recent high growth of foreign direct investment (FDI) in the...

Apparel/Garments | On 22nd Sep 2017

New US FTC rule for RN used on textile product labels

The US Federal Trade Commission recently streamlined requirements...

Textiles | On 22nd Sep 2017

Messe Frankfurt acquires Source Africa, ATF textile shows

Messe Frankfurt, one of the world´s leading trade show organisers,...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Johan Berlin
InvestKonsult Sweden AB

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

Ritu Kumar
Label Ritu Kumar

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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