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'Textile machinery industry will rebound' – Trade body chief

17
Jun '09
At the promotion conference of "ITMA ASIA + CITME2010", Mr. Gao Yong, Vice-President of China Textile Industry Association and China Textile Machinery Equipment Industry Association said that China's exports of textile and apparel will witness a sharp rebound this year, though he wished the decline would be smaller.

However, he also believed that China's textile machinery market had bottomed out and would now pick pace. According to Gao Yong, most products of China's textile industry have achieved growth in production since this year; yarn, chemical fiber and garment have realized a single digit growth, except fabrics.

But from January to April this year, due to serious shrinkage of international market, especially the European market, China's exports of textile and apparel declined by more than 10 percent. He believes that it will be difficult to see a rebound in China's exports of textile and apparel in this year.

Affected by the textile industry, output value of textile machinery industry also declined, but the industry showed signs of warm-up in April and May this year as sales of some products increased. Gao Yong judges that Chinese textile machinery market is expected to pick up by the end of this year.

"ITMA ASIA + CITME2010" exhibition will be held in Shanghai will be held from June 22 next year and is a "flagship exhibition on textile machinery in Asia" jointly created by Chinese and the European textile machinery industries.

Mr. Roberts, chairman of European textile machinery manufacturers committee pointed out that exports of international textile machinery fell sharply last year, but the performance of Asian market pleased the industry. At present, most shipments made by international textile machinery industry flow into Asian markets.

Fibre2fashion News Desk - China


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