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 22nd May 2017

GST to be biggest achievement of Modi govt: ASSOCHAM

Goods and Services Tax (GST) which is near a roll-out would be the...

Textiles | On 22nd May 2017

Maintaining NAFTA benefits is crucial: Cotton council

The US must remain a participant in a vibrant North American Free...

Apparel/Garments | On 22nd May 2017

Retailers ask Congress not to go for consumption tax

The National Retail Federation has asked US Congress to focus on...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Johan Berlin
InvestKonsult Sweden AB

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Paolo Ocleppo
Sandvik Hyperion

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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:
May 2017

May 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