Home / Knowledge / News / Textiles / Merge small sewing machine Cos for bigger profits - Expert
Merge small sewing machine Cos for bigger profits - Expert
30
Jul '08
According to the statistics, in the first few months of this year, the total output value of Chinese sewing machines industry decreased 21.76 percent than the same period of last year. The profit stood at 500 million yuan, down 43.04 percent.

Total production marked 3.16 million sets of sewing machines, down 24.71 percent, and the sales quantity was 3.07 million sets of sewing machines, representing a fall of 27.4 percent.

The export value of the industry registered US $780 million, a plunge of 4.88 percent. Besides, China imported only $150 million worth of sewing machines, recording a drop of 22.89 percent.

Experts believe that the strained international trade has adversely affected the sewing machine industry, where the SMEs are facing the most problems.

Chairman of China Sewing Machinery Association (CSMA), Mr Tian Mingyu informed that the condition of the manufacturers was getting worse, especially due to lack of adequate funds. Nearly all small sewing machines enterprises were forced to close down.

Mr Mingyu suggested that a single big enterprise by merging and integrating several small companies must be formed. Then, this big enterprise will be strong and efficient enough to compete in international market.

Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mohammad Hassan
Biax Fiberfilm

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

Marten Alkhagen
Swerea IVF AB

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

news category


Related Categories:
June 2017

June 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