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Chinese textile market calls for high-tech machinery
28
Jun '10
Due to the impact of the financial crisis, several major European textile machinery companies like Oerlikon, Rieter, Picanol and Japanese Toyota witnessed a reduction in amount of business in 2009. However, sales in the Chinese market were not affected to a large extent.

Sales of carding combination machines, drawing frames, carding machines of Truetzschler Textile Machinery were very good in Chinese market in 2009. The sales situation of several other large companies was the same.

In 2009, Picanol sold 1400 rapier looms in Chinese market, Toyota sold over 1000 air-jet looms in Lanxi City, Zhejiang Province. Rieter's sales in China basically resumed back to the level before the financial crisis.

This shows that regardless of the financial environment and what changes occur in market conditions, it will not fundamentally change the demand of domestic users for high-end equipment.

In the first four months of 2010, China's imports of textile machinery registered US $1.149 billion, up 80.22 percent year on year. In fact, equipment demand from Chinese textile enterprises has shown significant changes since 2005, mainly representing hot selling of domestic made high-end equipment and another period of increased demand for imported equipment. There were no major changes in demand pattern for equipment in 2008 and 2009.

The restructuring trend of China's textile industry is clearer after the financial crisis. China's textile machinery market has considerable room for growth and demand potential of high-end equipment. This is the real reason for ITMA-ASIA cooperating with China International Textile Machinery Exhibition and setting up base in China.

Fibre2fashion News Desk - China

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