ITMA ASIA + CITME 2010 exhibition draws overwhelming support (01/26/2010)

Updated: 2010/1/26 10:21:00

Textile machinery pageant, ITMA ASIA + CITME 2010, received overwhelming support from textile machinery makers despite slow recovery of global economy. With five months still to go before the second combined show, all exhibition space has already been sold.

To-date, applications grossing over 95,000 square meters have been received from over 1,000 exhibitors. Chinese manufacturers make up the biggest country group, booking almost 50 per cent of the space, withEuropean and Japanese manufacturers taking more than 35 percent.

In terms of sectors, spinning machinery forms the largest, constituting around 30 per cent of the exhibit space, followed by finishing (25 per cent), knitting, garment making and textile processing (20 per cent) and weaving (15 per cent).

The enthusiastic response for the second combined exhibition comes at a time when business sentiments are becoming more optimistic, especially in the Asian markets. The United Nations has predicted that the world economy will bounce back in 2010 with a global growth rate of 2.4 per cent. It has also highlighted that economic growth in 2010 will be strongest in developing countries, particularly in China and India, which are expected to grow at 8.8 and 6.5 per cent respectively.

Mr. Edward Roberts, President of CEMATEX, the European Committee of Textile Machinery Manufacturers, stated: “Both China and India are major textile manufacturing centers and their positive economic growth is extremely good news for the industry.

“We are delighted with the response to our exhibition. It proves that there is great need for an industry-leading platform in Asia where established textile machinery manufacturers can promote their products and services and network with their customers.”

Mr. Gao Yong, President of CTMA (China Textile Machinery Association), agreed: “The combined show is an excellent platform to reach Asian buyers. Even though economic conditions may be difficult at the moment, textile makers recognize that it is even more critical for them to invest in better technological solutions and to upgrade their facilities.

“In fact, the Chinese textile industry has shown resilience despite the financial crisis, due to its policy to accelerate the pace of adoption of technology, increase worker productivity, and implement quality management standards.”

According to the China National Textile & Apparel Council, China has made an investment of 241.8 billion RMB in the textile industry, between January and December 2009. This is an increase of 7.9 per cent over the same period last year. New projects registered by the textile industry totaled 6,395, up 21.7 per cent from that of the January to October 2008 period.

With applications for space still streaming in for the combined show, there is now very little left in the nine halls, which offer a total of 100,000 square meters of exhibition space, and the show is expected to be sold out before the end of 2009.

ITMA ASIA + CITME will be held at the Shanghai New International Expo Centre, from 22 to 26 June 2010.

Source:China Textile Leader

Authority in Charge: China National Textile and Apparel Council (CNTAC)

Sponsor :China Textile Information Center (CTIC)

ISSN 1003-3025 CN11-1714/TS