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'Investments in textile machinery only delayed' – Ms Cholet, UCMTF
11
Jul '09
The textile and clothing sector has received a battering since the last few months due to the impact of the recessionary trends prevailing in global markets. Companies are either cutting down production or are shutting down units, which is leading to an increase in unemployment levels.

In our endeavour to bring to our readers, the actual impact of the crisis on textile and apparel sector of different countries, Fibre2fashion spoke to Ms Evelyne Cholet, Secretary General of the French Association of Textile Machinery Manufacturers (UCMTF), France.

UCMTF is the association grouping the French textile machinery manufacturers. With more than a €1 billion (US $1.3 billion) in annual textile machinery exports from France and the country ranks as the fifth biggest exporter of textile machinery worldwide.

While speaking to Fibre2fashion, Ms Cholet said, “Of course, our associates have been hurt by the crisis which originated in the US financial markets and spread all over the world in the real economy”.

“Some investments plans have been cancelled but most are only delayed as state of the art technologies are needed to produce the new products which the markets needs and to produce them at new high standards of quality, particularly in such sectors as technical textiles and nonwovens”, she added by saying.

She continued, “After a few months, end of 2008 and beginning of 2009 during which most of the decisions were delayed, some activities seem to have begun again and in 2008, our associates had started the year very well and finished it with total turnovers close to 2007 levels”.

“After a sharp down turn in the early months of 2009, we think the activity will come back to more usual levels as early as the end of this year”, she concluded by saying.

Fibre2fashion News Desk - India

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