On average, companies are expecting their turnover to plummet by -32 per cent. The range between regions differs with from -22 per cent in South East Asia to -36 per cent in East Asia.
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The report from the 42nd annual International Textile Machinery Shipment Statistics (ITMSS) covers six segments of textile machinery, namely spinning, draw-texturing, weaving, large circular knitting, flat knitting and finishing.
The report from the 42nd annual International Textile Machinery Shipment Statistics (ITMSS) covers six segments of textile machinery, namely spinning, draw-texturing, weaving, large circular knitting, flat knitting and finishing.
Covid-19 is expected to lead to drop in the revenue along with moderation in profitability margins and debt coverage indicators apart from impacting the liquidity profiles of most of the companies engaged in the sector.
The sector has been under immense financial stress as operations have been curtailed due to the lockdown but overhead cost still remains to be borne by the companies.
Compressed air is used in almost all the process machines from blow rooms, carding, spinning, winding, weaving and other machinery for both controlling and operations.
Compressed air is used in almost all the process machines from blow rooms, carding, spinning, winding, weaving and other machinery for both controlling and operations.