VDMA member companies are extremely satisfied with ITMA 2015 in Milan.
Month: January 2016
This year?s ITMA set the scene as customers and prospective customers saw for themselves in Milan the market-ready Mayer & Cie. spinning and knitting technology that is better known as spinitsystems®.
Through our extensive market research, we have understood the demand of technical textile products in developed countries have reached to stagnancy level now and market is shifting to developing counties, says Avinash Mayekar, MD & CEO of Suvin Advisors Pvt Ltd, in an interview with the ITJ.
Stäubli is an innovative mechatronics solutions provider with three dedicated divisions: Textile, Connectors and Robotics. With a workforce of over 4,500, Stäubli has a presence in 25 countries and agents in 50 countries around the world.
The year 2015 was one of the best years for the processing industry. Looking at the current trends and the sentiments that unfolded at ITMA, 2016 will also be as good as the previous year. Corporates, which have done modernisation, will invest in expansion in the coming years.
Weaving industry has been progressing well in the last couple of years. The first boom was in 2004 and 2005, when weaving attracted a lot of investment. Then it slowed a bit. Again in 2012, one more boom period started.
Spinning has been good in India, but looking at the trend unfolding in the last six months, it needs a relook. One is the Technology Upgradation Fund (TUF) which has been temporarily stopped. Secondly, the yarn export to China has virtually come to a standstill.