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

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silke Brand-Kirsch
Schlegel und Partner

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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:
June 2017

June 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