Shanghai – More than 1,600 leading textile machinery manufacturers have now applied for space at next year's ITMA Asia + CITME, a level of interest which organisers say is a huge vote of confidence for the show during the current global coronavirus pandemic.
Despite the gloomy global economic outlook owing to the pandemic, the organisers of the ITMA Asia + CITME insist that the textile machinery makers remain confident about the long-term prospects of the textile industry in Asia, especially China. Show owners CEMATEX and Chinese partners, the Sub-Council of Textile Industry, CCPIT (CCPIT-Tex), China Textile Machinery Association (CTMA) and China Exhibition Centre Group Corporation (CIEC), say the number of applications demonstrates the keenness of machinery manufacturers to shrug off the effects of the economic slowdown.
Although the deadline has passed, applications for space are still streaming in for the combined show, which will be held at the National Exhibition and Convention Centre (NECC), Shanghai from 12 to 16 June 2021.
Successful applicants will be receiving their certificate of admission and details of their booth space in December this year. The applicants, coupled with the strong support from various partners and industry associations, have given the combined show the clearest indication yet of a successful showing. Mr Ernesto Maurer, President of CEMATEX, said: “We are very pleased to see so many companies booking with confidence as the industry moves forward to meet the growing demand of a post-pandemic economy. The Asian region continues to be a bright spot for businesses which are seeking new markets and growth opportunities in challenging times.”
The International Monetary Fund updated in June that in 2021 global growth is projected at 5.4 per cent. It also highlighted that economic growth will be strongest in emerging markets and developing economies, particularly in Asia which is expected to grow at 7.4 per cent.
Mr Wang Shutian, Honorary President of China Textile Machinery Association (CTMA) added: “The positive economic growth is extremely good news for the industry. The pandemic has forced the industry to face unprecedented challenges. While a full recovery will take time, businesses around the world are already looking ahead to actively seek ways to prompt a market rebound.
“ITMA Asia + CITME is a recognised brand and we are delighted that the industry continues to support our showcase. This is really a positive sign that industry players are cautiously optimistic about the future.”
As part of its efforts to unify the branding of its ITMA exhibition portfolio, CEMATEX has recently refreshed the design of its ITMA ASIA logo. Moving forward, the new image will be featured in the combined exhibition logo.
ITMA ASIA + CITME 2020 is organised by Beijing Textile Machinery International Exhibition Co Ltd and co-organised by ITMA Services. Japan Textile Machinery Association is a special partner of the show.
The last ITMA ASIA + CITME combined show in 2018 welcomed the participation of 1,733 exhibitors from 28 countries and economies and registered a visitorship of over 100,000 from 116 countries and regions.
For more updates, please visit www.itmaasia.com or www.citme.com.cn.