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Textile machinery producers line up at Vietnamese doors
20
Apr '11
The global demand for imported textile machines is on a rise, and as Vietnam produces just a few of these machines, the import industry for these machines in the country is progressing rapidly.

Nonetheless, high prices remain to be a major drawback with the Vietnam-made machines, as a number of companies have switched to buying from Asian suppliers who offer comparatively cheaper rates.

Textile machinery imports from Germany, a traditional textile machinery supplier, last year rose by 114 percent to €34 million or US $23.13 million, over 2009. This included spinning machines imported worth around €30 million or $20.4 million.

Production lines in any textile firm require diverse machines, which entails huge investment of around $200 million.

Japan, Germany and France produce good quality textile machines, but those actually are very costly.

A solution that the Vietnam Textile and Apparel Association proposed to deal with the issue was to; expand global cooperation to make optimum use of other overseas technology.

The textile industry of Vietnam witnessed a strong growth during last year, with export turnover rising by 29 percent to $11.2 billion, over 2009. Owing to this, the country has grown into a preferred destination for textile equipment exporters from foreign countries.

Editor's comment –
With a rapid rise in exports of clothing from Vietnam, the country which currently imports most of its raw materials requirements, will have to invest in backward integration, to have control over its supply chain, which can prove to be a big opportunity for global machinery producers.

Fibre2fashion News Desk - India


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