Ruizhe Sun, President of the China National Textile and Apparel Council (CNTAC), was unanimously elected as the new President of the Federation (for his detailed CV see the ITMF-website).
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23% of the respondents reduced production by more than -30 per cent and another 19 per cent by -20 to -30 per cent.
Between September 5th and 25th, 2020, ITMF has conducted its 5th ITMF Corona-Survey among ITMF members and affiliated companies and associations about the impact the Corona-pandemic has on the global textile value chain. In total, 216 companies from around the world participated.
The Hybrid ITMF Annual Conference 2020 will be co-hosted by the Korea Federation of Textile Industries (KOFOTI). International industry experts from along the entire textile value chain such as Arvind, CNTAC, Cotton Incorporated, GAP, H&M, Helly Hanson, Li & Fung, McKinsey, Reliance, Sateri, Sympatex, Wood Mackenzie, Youngone, and many more will discuss the way forward in the middle of the pandemic.
Global textile machinery market is witnessing tremendous growth buoyed by growing demand of textile and apparel market.
Adele Genoni, Senior Vice President and General Manager, EFI Reggiani, speaks on the emerging trends in textile machinery industry globally.
Despite uncertainties in the market created by Covid-19, the textile spinning and machinery and accessories industry is bouncing back with reported rise in orders.