CHINA: Textile machinery show taps into vibrant market
Source: Just-Style Date: 2011-10-11
The third edition of the ITMA ASIA + CITME textile machinery show is due to take place in Shanghai next year and will offer equipment suppliers a platform to tap into the vibrant China market.
The global market for textile machinery is projected to reach US$20.75bn by 2015, according to Global Industry Analysts Inc, with the Asia Pacific region expected to dominate as the single largest market.
Growth will be spurred by local governments, who are increasingly playing a pivotal role in developing initiatives to boost textile machinery trade and bolster sales and investments.
In China, for example, one of the priorities under the government's 12th Five-Year Plan period (2011-2015) is to raise the craftsmanship, techniques and equipment to reach the international level for textile and other industry sectors.
Besides the development and application of high-technology fibres, energy-saving, emission-reduction and environment-friendly technologies will also be the focus for China's textile industry in the coming years.
"The opportunities presented by China's huge market remain an attraction for machinery manufacturers from around the world," explains Stephen Combes, president of CEMATEX which owns the ITMA and ITMA ASIA exhibitions.
The combined ITMA ASIA + CITME show will be held from 12-16 June 2012 at the Shanghai New International Expo Centre, but he deadline for registration is 15 October 2011.
