Home / Knowledge / News / Textiles / ITMA + CITME exhibition 2010 draws overwhelming support
ITMA + CITME exhibition 2010 draws overwhelming support
26
Dec '09
ITMA ASIA + CITME 2010 has received very strong support from textile machinery makers as the world economy continues its recovery momentum. With over six months still to go before the second combined show, over 95 per cent of the exhibition space has already been sold.

To-date, applications grossing over 95,000 square metres have been received from over 1,000 exhibitors. Chinese manufacturers make up the biggest country group, booking almost 50 per cent of the space, with European and Japanese manufacturers taking more than 35 per cent.

In terms of sectors, spinning forms the largest, constituting around 30 per cent of the exhibit space, followed by finishing (25 per cent), knitting, garment making and textile processing (20 per cent) and weaving (15 per cent).

The enthusiastic response for the second combined exhibition comes at a time when business sentiments are becoming more optimistic, especially in the Asian markets.

The United Nations has predicted that the world economy will bounce back in 2010 with a global growth rate of 2.4 per cent. It has also highlighted that economic growth in 2010 will be strongest in developing countries, particularly in China and India, which are expected to grow at 8.8 and 6.5 per cent respectively.

Mr Edward Roberts, President of CEMATEX (Comité Européen des Constructeurs de Machines Textiles), the European Committee of Textile Machinery Manufacturers, stated: “Both China and India are major textile manufacturing centres and their positive economic growth is extremely good news for the industry.

“We are delighted with the response to our exhibition. It proves that there is great need for an industry-leading platform in Asia where established textile machinery manufacturers can promote their products and services and network with their customers.”

Mr Gao Yong, President of CTMA (China Textile Machinery Association), agreed: “The combined show is an excellent platform to reach Asian buyers. Even though economic conditions may be difficult at the moment, textile makers recognise that it is even more critical for them to invest in better technological solutions and to upgrade their facilities.

“In fact, the Chinese textile industry has shown resilience despite the financial crisis, due to its policy to accelerate the pace of adoption of technology, increase worker productivity, and implement quality management standards.”

According to the China National Textile & Apparel Council, China has made an investment of 241.8 billion yuan in the textile industry, between January and December 2009. This is an increase of 7.9 per cent over the same period last year. New projects registered by the textile industry totalled 6,395, up 21.7 per cent from that of the January to October 2008 period.

With applications for space still streaming in for the combined show, there is now very little left in the nine halls, which offer a total of 100,000 square metres of exhibition space, and the show is expected to be sold out before the end of 2009.


Must ReadView All

Textiles | On 24th Jul 2017

Gartex all set to feature garment, textile solutions

Complete value chain of garment and textile manufacturing solutions...

Courtesy: Abercrombie & Fitch

Apparel/Garments | On 23rd Jul 2017

Abercrombie & Fitch launches products on Alibaba Tmall

Abercrombie & Fitch has announced the launch of Abercrombie & Fitch...

Apparel/Garments | On 23rd Jul 2017

NRF urges Congress to reject border adjustment tax

The National Retail Federation has urged Congress to reject a...

Interviews View All

Amrit Sethia
SOIE

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

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

July 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

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

Yes No

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

Yes No

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


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



X