Home / Knowledge / News / Textiles / Chinese textile machinery sector registers growth
Chinese textile machinery sector registers growth
25
Nov '09
In the first three quarters of this year, total industrial output value of China's textile machinery industry achieved 38.80 billion Yuan, an increase of 2.21 percent year on year and sales revenue touched 38.742 billion Yuan, an increase of 1.53 percent year on year.

The total profits realized by the textile machinery sector reached 1.385 billion Yuan, down 147 million Yuan and exports in the period under review completed US $875 million, an increase of 31.42 percent year on year.

Due to the financial crisis, which emerged in the previous year, production and sales of textile machinery industry experienced a negative growth, but the situation started to improve in the second half of 2009 and has displayed a recovery trend.

Entering into 2009, market demand of textile machinery continued to focus on high-end equipment which has led to expansion in demand for chemical fiber machinery, computerized flat knitting machine, rapier loom, warp knitting machine and some other categories of products.

Market demand for printing and dyeing equipment with energy-saving and emission reducing functionalities has also gradually strengthened and demand for non-woven equipment too has achieved a faster growth.

Vice President of China Textile Industry Association and Chairman of the Association of China Textile Machinery Equipment Industry, Gao Yong said, “Future development of China's textile industry will mainly reflect two aspects, one is the renovation of traditional textiles and industrial upgrading, second is to develop industrial textiles with more efforts and textile machinery industry should focus on these two areas in the future to expand efforts in product development”.

In the nine years preceding 2008, China's textile machinery industry almost witnessed a double-digit growth every year, but the financial crisis in 2008 dealt a heavy blow. The industry was able to sell 6.46 million spinning spindles, down 33 percent from the previous year.

Fibre2fashion News Desk

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Kevin Nelson
TissueGen

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

Johan Berlin
InvestKonsult Sweden AB

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Ritu Kumar
Label Ritu Kumar

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

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search