|Strong ITMA Asia presence for knitting sector|
Shanghai - With seven months still to go before next year?s ITMA Asia + CITME exhibition, potential exhibitors in the knitting halls now account for about a fifth of the total space.
To-date, applications grossing over 95,000 square metres, more than 95% of the exhibition space available, have been received from over 1,000 exhibitors with knitting, garment making and textile processing forming around 20% of exhibit space. So far, spinning constitutes around 30% of space, followed by finishing (25%) and weaving (15%).
In terms of regions, Chinese manufacturers so far make up the biggest country group, booking almost half the available space while between them, European and Japanese manufacturers have taken up more than 35%.
Welcoming the enthusiastic response for the second combined exhibition, Mr Edward Roberts, President of CEMATEX, the European Committee of Textile Machinery Manufacturers, said that both China and India were major textile manufacturing centres and their positive economic growth was extremely good news for the industry. ?We are delighted with the response to our exhibition,? he said. ?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.? The United Nations has predicted that the world economy will bounce back in 2010 with a global growth rate of 2.4%. 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% respectively.
?The combined show is an excellent platform to reach Asian buyers,? added Mr Gao Yong, President of CTMA (China Textile Machinery Association). ?Even though economic conditions may be difficult at the moment, textile makers recognise 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, between January and December 2009, China made investments totalling 241.8 billion yuan in the textile industry, an increase of 7.9% over the same period last year.
With applications for space still streaming in for the combined show, organisers said there was now very little left in the nine halls, which offer a total of 100,000 square metres 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.
The show is owned by CEMATEX and its Chinese partners - the Sub-Council of Textile Industry, CCPIT (CCPIT-Tex), China Textile Machinery Association (CTMA) and China Exhibition Centre Group Corporation (CIEC). It is organised by Beijing Textile Machinery International Exhibition Co Ltd and co-organised by MP International Pte Ltd. The Japan Textile Machinery Association (JTMA) is a special partner of the combined show.