Home / Knowledge / News / Textiles / China crisis may slowdown textile machinery sector in 2016
China crisis may slowdown textile machinery sector in 2016
07
Sep '15
Bruno Ameline
Bruno Ameline
The financial turmoil taking place in China is likely to lead to a global slowdown affecting the textile machinery manufacturing industry in return. The effects will likely be felt by 2016, according to a leading machinery manufacturers’ association.

“I am positive for 2015 as we currently enjoy buoyant order backlogs, but I feel concerned about a possibly stagnant 2016,” Bruno Ameline, president of the French Association of Textile Machinery Manufacturers (UCMTF) said in a statement. “The economic uncertainty and financial turmoil which we are currently observing in China may lead to a real slowdown.”

Asian markets are active and the investment mood is positive in many markets like Indonesia, Thailand and South Korea, according to Ameline. However, if competitive devaluation of the yuan is amplified, these economies may face a big challenge.

The Turkish market has remained active so far, but the 2015 economic slowdown, current political uncertainty with upcoming elections in November and a sharp decrease in the Turkish currency are clear signs of the need for attention, said the association president.

“I am more positive about India. The modernisation of the textile industry is crucial for its future, but investment decisions are slower than we did imagine,” Ameline said.

He added that markets like Western Europe, Eastern Europe and Central Asia are doing quite well. But if the Chinese market declines significantly, these markets won’t be able to compensate.

He said that many of the French textile machinery manufacturing companies achieved record sales and order intakes in 2015 in most of the application sectors, and are now back to their best levels achieved before 2008-2010 crisis. But there is a lack of visibility in some major markets.

Speaking on the changing scenario of the textile industry, Ameline stated that textile is a technology which is almost as old as mankind. But it reinvents itself regularly, and stands at the spearhead of many high-tech developments.  

Apparel manufacturing, which is labour intensive, grew a large textile industry in Europe in the nineteenth and the twentieth century, he said explaining its market history. Textile production then moved to lower labour-cost areas and closer to mass-user markets – meaning Asia – though it had become more capital intensive with automation.

He does not think that relocation will be a major trend now, but believes that downsizing of the textile industry in Europe will come to an end, and that the European textile machinery will continue to play a leading role.

On a concluding note, the UCMTF president expressed his fascination at the changing aspects of textile and apparel manufacturing like the creativity of the designers, the high-quality standards requested by the end-markets, the fast and flexible logistics achieved by producers and distributors and the inventiveness of some carpet clusters.

Fibre2Fashion News Desk – India


Must ReadView All

Bangladesh, Sri Lanka may sign FTA soon

Apparel/Garments | On 15th Oct 2018

Bangladesh, Sri Lanka may sign FTA soon

Bangladesh may sign a free trade agreement (FTA) with Sri Lanka as...

China pumps $109 bn into economy amid trade war with US

Textiles | On 15th Oct 2018

China pumps $109 bn into economy amid trade war with US

China has decided to cut the reserve requirement ratios (RRRs) by one ...

Global lingerie market expected to reach $55 bn by 2024

Apparel/Garments | On 15th Oct 2018

Global lingerie market expected to reach $55 bn by 2024

Global lingerie market in 2015 was worth $33 billion and is expected...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek, Kannbar

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Sunil Rathore, Lacoste India

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Vasanth Kumar, Max Fashion India

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Kamal Kulshreshth,

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Shivani Swamy,

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Johan Berlin, Investkonsult Sweden AB

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Kevin Nelson, TissueGen

Kevin Nelson
TissueGen

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

Karan Arora, Karan Arora

Karan Arora
Karan Arora

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

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sonam & Paras Modi, SVA

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

Leave your Comments


October 2018

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

news category


Related Categories:

Advanced Search