Interviews
CIRFS President Sabanci views 'more stable' textile activities in 2006
02 Jun '06
2 min read
The President of CIRFS – the association representing Europe's € 13 billion man-made fibres industry – reported to members on the situation of the industry and on CIRFS activities at its General Assembly held in Brussels on May 31.
The Report was made by the President, Mr Omer Sabanci, whose company owns man-made fibre activities on a large scale in Germany and Turkey, as well as in several locations outside Europe.
Issues covered in the report include:
The economic background Changes in the European industry's output in 2005 and 2006. Developments in the industry's main markets.CIRFS initiatives on international trade issues and distortions.CIRFS work on market data.Technical and environmental issues covered by CIRFS.Future prospects for the European man-made fibres industry.
Mr Sabanci's Report concludes on an optimistic note:
“Turning to the outlook for the industry for the next year, we should avoid both excessive pessimism and excessive optimism, both of which lead to bad decision-making.
Realistically, I think that for textile activities we are now seeing a more stable situation than the one which existed in 2005. The immediate effects of the end of the quota system and the surge of imports from China have been absorbed.
While it is clear that there have been significant negative effects, it is equally sure that some of the early reactions were exaggerated.
A large European textile customer base remains, and is sustainable on the basis of proximity to customers, favourable logistics, use of lower-cost facilities on the edges of Europe for more labour-intensive processes and, in some cases, global investment or alliances.
The Report was made by the President, Mr Omer Sabanci, whose company owns man-made fibre activities on a large scale in Germany and Turkey, as well as in several locations outside Europe.
Issues covered in the report include:
The economic background Changes in the European industry's output in 2005 and 2006. Developments in the industry's main markets.CIRFS initiatives on international trade issues and distortions.CIRFS work on market data.Technical and environmental issues covered by CIRFS.Future prospects for the European man-made fibres industry.
Mr Sabanci's Report concludes on an optimistic note:
“Turning to the outlook for the industry for the next year, we should avoid both excessive pessimism and excessive optimism, both of which lead to bad decision-making.
Realistically, I think that for textile activities we are now seeing a more stable situation than the one which existed in 2005. The immediate effects of the end of the quota system and the surge of imports from China have been absorbed.
While it is clear that there have been significant negative effects, it is equally sure that some of the early reactions were exaggerated.
A large European textile customer base remains, and is sustainable on the basis of proximity to customers, favourable logistics, use of lower-cost facilities on the edges of Europe for more labour-intensive processes and, in some cases, global investment or alliances.
Popular News
Leave your Comments
Editor’s Pick
Folker Stachetzki
Brother Internationale Industriemaschinen GmbH
Therese Premler-Andersson
Textile Machinery Association of Sweden (TMAS)
Navin Sharma
Yash Textile Machines Private Limited
Amritha Ram
Brand - KH House of Khaddar
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)")
