Home / Knowledge / News / Textiles / Textile machinery producers swamped by orders
Textile machinery producers swamped by orders
05
Aug '10
The output sale value of textile machinery industry reached 32.225 billion Yuan in the first five months of this year, up 53.54 percent year on year. Profits realized 1.842 billion Yuan, up 286.13 percent year on year, exports achieved US $625 million, up 38.33 percent year on year and imports reached $1.492 billion, up 76.78 percent year on year.

Most textile machinery enterprises have received too many orders to complete in time after entering this year, which is a rare situation of short supply seen in recent years. In particular, orders of cotton spinning machinery rose suddenly and sharply, which was a big surprise for machinery manufacturers.

Currently, advance payment of textile machinery and equipment orders only forms a very small proportion, but the situation may change in the second half. Coupled with new cotton coming into the market in September, cotton textile enterprises will have to place orders for cotton, which will cause a funding shortage, so it is a big question mark whether they can take delivery of textile machinery and equipment in time.

Pressure of RMB appreciation is increasing, raw material prices continue to rise, costs of labor and employment expand month by month, salary increase requirement is frequently heard, uncertain factors are increasing, due to which, the unprecedented situation of a sharp increase in orders in the first half, will be difficult to repeat in the second half.

Fibre2fashion News Desk - China


Must ReadView All

Global cotton consumption to reach record in 2018-19: USDA

Textiles | On 24th May 2018

Global cotton consumption to reach record in 2018-19: USDA

In China, cotton consumption is forecast to expand 4 per cent and...

Courtesy: ZDHC

Textiles | On 24th May 2018

Birla Cellulose, Isko, Lenzing join ZDHC programme

Birla Cellulose, Isko and Lenzing have joined ZDHC Roadmap to Zero...

50 mn Indian internet users buy products online: Report

Apparel/Garments | On 24th May 2018

50 mn Indian internet users buy products online: Report

India has an online population of 500 million but only 50 million...

Interviews View All

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Johan Berlin
InvestKonsult Sweden AB

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Robert Brunner
Devereux

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search