China is one of the most important markets for the textile industry. In the context of the expansion in Asia, on April 28, 2015 Rieter officially inaugurated the first Application & Research Centre for spinning technology in China. It is the most advanced in the world and is a key element in Rieter?s range of services.
Browsing: China
Seeing the low penetration and high growth potential, Taiwanese companies are eagerly looking at the Indian market for technical textile products. Rising labour costs in China too is forcing some of these companies to consider manufacturing in India.
The latest ´Textile Pipeline´ from PCI Fibres offers in 11 pages a highly focused review in the form of text, charts and tables of the Indian textiles economy; an economy which has been experiencing relatively disappointing growth among its local consumers; that is, until 2014. Following a bounce-back in per capita fibre demand of nearly 10 per cent in 2009, growth then slowed year by year down to just 2 per cent in 2013, coming back strongly in 2014 by nearly 8 per cent.
At the end of 2014-15, world ending stocks of cotton are projected up 11 per cent to nearly 22 mt. After increasing substantially in each of the three previous seasons, China´s ending stocks are expected to remain stable reaching just over 12 mt in 2014-15, and would account for 56 per cent of total world stocks.
TÃœV Rheinland India has announced the appointment of Thomas Fuhrmann as its CEO & MD. In his new position, Thomas Fuhrmann will lead the management team in consolidating current operations of TUV Rheinland India and oversee speedy growth and expansion in the Indian market.
ANDRITZ Wuxi Nonwoven Technology, China, is a competence centre for manufacturing, service, and R&D for the nonwovens industry. Highly skilled process engineers support customers in product development, trials, and overhauling of rolls for nonwoven and textile applications.
In January 2015, China´s export of textiles and garment dropped 10.71 per cent year-on-year to US$ 25.54 billion. The export of textiles dropped 7.7 per cent to near US$ 9.72 billion, and the export of garment dropped 12.5 per cent to about US$ 15.83 billion.