Home / Knowledge / News / Textiles / Asia represents best market opportunities for machinery makers, CEMATEX
Asia represents best market opportunities for machinery makers, CEMATEX
12
Jun '09
Despite the current global economic woes, textile machinery makers remain confident about the long-term prospects of the textile industry in Asia, especially China. They have given the show owners of ITMA ASIA + CITME 2010 a vote of confidence by signing up for space in the second combined show.

Although application forms were only issued last month (the deadline for submission is September), show owners CEMATEX and its Chinese partners - the Sub-Council of Textile Industry, CCPIT (CCPIT-Tex), China Textile Machinery Association (CTMA) and China International Exhibition Centre Group Corporation (CIEC) - have already received applications from all the key industry players, as well as strong support from various partners and industry associations.

Statistics released by the International Textile Manufacturers Federation (ITMF) last month painted a dismal picture of the textile machinery industry, with global textile machinery shipments declining substantially in 2008. However, on the brighter side, the vast majority of the shipments headed for Asia as textile makers in the region continue to invest in upgrading their production facilities to remain competitive.

The 2008 International Textile Machinery Shipment Statistics revealed that:
• Global shipments of short-staple spindles amounted to 8.6 million in 2008, and Asia absorbed 96% of these, ie 8.3 million.
• Investments in open-end rotors reached 195,650, with Asia being the main recipient, chalking up 73% of the total.
• For texturing machinery, shipments of single heater draw-texturing spindles (for polyamide filaments) totaled 5,230 in 2008, with 90% going to Asia.
• Shipments of double heater draw-texturing spindles (for polyester filaments) reached 163,000, with 74% headed for Asia.
• For the weaving machinery segment, investments in shuttle-less looms amounted to 44,800 machines, of which 90% went to Asia.
• Circular knitting machine shipments reached 21,150, while electronic flat knitting machines totaled 20,300. Around 87% of the investments for each of the segments went to Asia.

Speaking at the ITMA ASIA + CITME 2010 press conference held at the Shanghai New International Expo Centre in Shanghai, Mr Edward Roberts, President of CEMATEX, stated: “These shipment statistics clearly demonstrate that Asia represents the best market opportunities for machinery makers, and we look forward to the support of major manufacturers in our second combined showcase.

“The success of the first-ever combined show which took place in Shanghai last year has shown that we have moved in the right direction to meet the needs of the industry by reducing the number of shows for machinery buyers and sellers alike, thus reducing their financial burden.”

Also speaking at the press conference, Mr Gao Yong, President of the China Textile Machinery Association, said: “We are cautiously optimistic about the combined exhibition although there is a global decline for machinery demand. China's textile and textile machinery scene is still doing well vis-à-vis other markets.


Must ReadView All

Ghana makes tax stamp compulsory on imported textiles

Textiles | On 27th May 2018

Ghana makes tax stamp compulsory on imported textiles

To curb illegal imports, Ghanaian authorities will put a tax stamp on ...

Courtesy: Vishal Mega Mart

Apparel/Garments | On 27th May 2018

Partners Group, Kedaara Capital taking over VMM

Partners Group, a private markets investment manager, and Kedaara...

Courtesy: Deckers

Apparel/Garments | On 27th May 2018

Deckers Brands sales soar 8.4% in Q4FY18

Deckers Brands, a global leader in designing, marketing and...

Interviews View All

Subhashini Srinivasan
The S Studio

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

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Lynda Kelly
Suominen Corporation

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Prathyusha Garimella
Prathyusha Garimella

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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


May 2018

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

news category


Related Categories:

Advanced Search