Browsing: textile machinery

Global textile machinery market is witnessing tremendous growth buoyed by growing demand of textile and apparel market. It is forecasted to grow at a CAGR of 14.02 per cent till 2018. It is expected to reach to $207.5 billion in 2015. The major manufacturers of textile machinery are Germany, Italy, Switzerland, France and now China. China is leading in the field of textile exports today because they installed a large set-up for spinning and weaving industry. One of the major trends in the global textile machinery market is the growing number of technological innovations.

With four more tie-ups in the last few months, A.T.E. has scaled new peaks in providing top-end technologies to the textile industry.

About 130 Italian exhibitors are on hand at ITMA ASIA + CITME 2016 (Shanghai, 21-25 October 2016), occupying an overall exhibition space of more than 5,400 sq m.

The US Government has rejected Pakistan’s demand for preferential treatment to its textile products in the US market.

In September 2016, the building works for the new production site of the German textile machinery producer BRÃœCKNER have begun. The company will invest 40 million Euro in estate, buildings and machinery. The completion is planned for the end of 2017. Since 1960, the production site of the German producer of textile machinery BRÃœCKNER is located in the Bavarian town Tittmoning. With about 180 employees and workers at this site, the company produces every year about 120 machines and lines 95 per cent of which are exported all around the globe.

In his inaugural speech, at the 56th Annual General Meeting of the Textile Machinery Manufacturers’ Association (India) at Hotel Trident in Mumbai, R Rajendran, Chairman of TMMA, said that the Indian economy in 2015-16 was the shining example of one of the fastest growing economies and oasis of the world in the wake of global slowdown fueled by fall in oil and commodity prices. The GDP grew at 7.6 per cent in 2015-16, continued till date, the highest in last five years as against 7.2 per cent clocked in 2014-15. There was macroeconomic stability and prudent fiscal management. The fiscal deficit target of 3.9 per cent has been met and a fiscal deficit target of 3.5 per cent has been set.

For Italian textile machinery manufacturers, the first quarter of 2016 has opened with a recovery in orders on the domestic side. In foreign markets, orders have instead dropped off slightly. Raffaella Carabelli, President of ACIMIT, said: “The recovery on the domestic market compared to the minimum recorded a year ago is highly encouraging. Abroad, only a few markets have performed well.”