MMF players anticipate meliorative 2010

29 Dec '09

8 min read

However, these improvements are still lower than that of prevailing levels during pre global economic slow-down period. Industry is still not been fully freed from the clutches of global economic melt down, he believes.

“The worst may be over but the best is yet to be seen. I am optimistic that we are on recovery path and hope the second half recovery will be sustainable. Uncertainty clouds the outlook for the global economy despite broad based efforts to create liquidity, shore up financial institutions, and enact fiscal stimulus programs. Industry is, largely expected to witness a rather stable condition in second half too. A mild recovery may be seen in terms of prices and demand, “he concluded in optimism.

According to Mr Jimmy Markus' view, the graph of industry, since mid of Aug' 09 till today, shows steady increase and is considered quite stable. Mr Markus is Export Manager of Eastern Fiber Product Company Limited (EFP)- Thailand. He estimates that present situation is prevailing due to lots of factors viz gradual recovery in economy; increase in production capacity by manufacturers since August in order to keep some safety stock for year end festive celebration as well as upcoming Chinese festivals; and people starting again to spend their money as usual as 'Shocking Times' that have caused them to fasten their shopping habit for certain period, are gradually fading-away. Moreover, as known about global fibre industry to be always related with consumer purchase, increase in population every day results into increase in need of new clothes. Also, public's lifestyle has changed and has caused the preferences as well as needs changed too. “Say from Bicycles to Motor-cycles then to Car”, he illustrated his point well.

Though, Mr Markus is of belief that current times cannot be claimed to be a time of complete freedom from economic crisis, still, as his company is to sow in some important projects with its overseas customers, he is confident about his company's performance to increase by 15% to 20% in second half of fiscal year.

Sharing like view on demand-raise in his sector- biomedical textiles, Mr Peter Schmitt, MD, Textile Development Associates -USA, mentioned that use of textiles in medical devices is continuing to increase globally. This trend will last for many years as second and third world nations continue to industrialize. For, if the economy grows in a country, so will the standard of living for its citizens. As citizens become wealthier, they demand better healthcare, which puts a demand on the need and desire for medical treatments and devices. Hence, for the technical and biomedical textiles markets, he envisages the use of fibers and textiles increasing, at least 20% by next month.

Ms Ava Hsu, Sales Manager, Shing Ming Ind Co Ltd- Taiwan, notices ups and downs in plastic fibres sector in tandem with movements in crude oil and seasonal consumptions. She also finds industry still struggling with crisis and foresees prices escalation of raw materials in times to come.

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