Home / Knowledge / News / Textiles / Textile machinery producers line up at Vietnamese doors
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

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sonam & Paras Modi
SVA

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

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search