Interviews
News Flash
Textile sector in 2010 sees most potent growth in 25 years
23 May '11
4 min read
Global textile machinery manufacturing industry was not prepared for this run on new orders all of a sudden. This has resulted in delayed time of delivery far above the ordinary level. While an outstanding order backlog appears to be good news at first sight, it may also lead to an exceptional redirection of urgently required demand for capital goods.
Thus, a considerable step-up in the trade of second hand machines has been observed. A first wave of trading used equipment was noticeable around the abolition of textile quotas. At that time, machinery from the western hemisphere was moving East. At the moment, extensive movement is existing within the Asian region.
The investment boom provides the ground for assuming that market actors are confident about the further trend of business. Affiliated with expected good economic growth the increase in textile consumption should continue in 2011.
Thus, a considerable step-up in the trade of second hand machines has been observed. A first wave of trading used equipment was noticeable around the abolition of textile quotas. At that time, machinery from the western hemisphere was moving East. At the moment, extensive movement is existing within the Asian region.
The investment boom provides the ground for assuming that market actors are confident about the further trend of business. Affiliated with expected good economic growth the increase in textile consumption should continue in 2011.
Oerlikon Textile GmbH & Co. KG
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
