Home / Knowledge / News / Textiles / Chinese textile market calls for high-tech machinery

Chinese textile market calls for high-tech machinery

28
Jun '10
Due to the impact of the financial crisis, several major European textile machinery companies like Oerlikon, Rieter, Picanol and Japanese Toyota witnessed a reduction in amount of business in 2009. However, sales in the Chinese market were not affected to a large extent.

Sales of carding combination machines, drawing frames, carding machines of Truetzschler Textile Machinery were very good in Chinese market in 2009. The sales situation of several other large companies was the same.

In 2009, Picanol sold 1400 rapier looms in Chinese market, Toyota sold over 1000 air-jet looms in Lanxi City, Zhejiang Province. Rieter's sales in China basically resumed back to the level before the financial crisis.

This shows that regardless of the financial environment and what changes occur in market conditions, it will not fundamentally change the demand of domestic users for high-end equipment.

In the first four months of 2010, China's imports of textile machinery registered US $1.149 billion, up 80.22 percent year on year. In fact, equipment demand from Chinese textile enterprises has shown significant changes since 2005, mainly representing hot selling of domestic made high-end equipment and another period of increased demand for imported equipment. There were no major changes in demand pattern for equipment in 2008 and 2009.

The restructuring trend of China's textile industry is clearer after the financial crisis. China's textile machinery market has considerable room for growth and demand potential of high-end equipment. This is the real reason for ITMA-ASIA cooperating with China International Textile Machinery Exhibition and setting up base in China.

Fibre2fashion News Desk - China


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 23rd Jun 2021

Bangladesh looking to export resortwear & leisurewear to Maldives

The Bangladesh Garment Manufacturers and Exporters Association...

Pic: JHVEPhoto / Shutterstock.com

Fashion | On 23rd Jun 2021

PVH Corp to sell Van Heusen, Arrow brand trademarks to ABG

US’ clothing firm PVH Corp has entered into a definitive agreement to ...

Pic: Filati Biagioli Modesto

Fashion | On 23rd Jun 2021

Italian fashion houses Prada & Zegna acquire Filati Biagioli Modesto

Italian fashion companies Prada Group and Ermenegildo Zegna Group...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchain is not a silver bullet for each and every problem in supply...

Textile Industry, Head honchos

Textile Industry
Head honchos

The pandemic has reinstated need for organised retail spaces in Tier II...

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchains will be in heavy use by early adopters by 2025

Kurt Wedgwood,

Kurt Wedgwood

From design to raw material to fabrication and ultimately to delivery -...

Amanda Cioletti,

Amanda Cioletti

The entertainment/character segment lead as the largest sector for the...

Rajesh Vohra,

Rajesh Vohra

A part of the Italy based multinational company Artsana Group, Chicco is...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

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


June 2021

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


Advanced Search