26 German companies to participate in ITMA + CITME

Just in time before the leading trade fair in Asia, ITMA ASIA + CITME 2010, which will open its doors end of June in Shanghai, the economical sky for the textile machinery industry finally brightened again. Incoming orders where 130 percent above the result of the first quarter of the year before. VDMA Textile Machinery Association predicts an increase in sales volume of 30 to 35 percent compared to 2009.

“After two extremely difficult years, the German textile machinery manufacturers are guardedly optimistic for the future” explains Fritz P. Mayer, Chairman of the Textile Machinery Association and Managing Partner of Karl Mayer Textilmaschinenfabrik GmbH.

Order inflow clearly increased
In 2008 and 2009, the companies of this branch had to accept a historical slump with its consequences on production and export. After a soil had developed in the first quarter of 2009, from the fourth quarter 2009 the incoming orders significantly increased. As a result, the exports also developed positively. In the last quarter of 2009 they reached a volume of 555 million Euros. In January and February 2010 already, textile machinery worth 533 million Euros have been exported so that – even with a conservative estimate – a clear increase of the exports has to be expected for the overall first quarter.

Asia dominated the purchase markets
55 percent of the overall exports in 2009 representing 1.8 billion Euros went to Asia. The two big volume markets alone, China and India, imported German textile machinery and accessories of roundabout 628 and 161 million Euros respectively. In January and February 2010, the exports to China rose by 37 percent to 83 million Euros compared to the same period the year before. Besides China also the exports to other Asian countries showed a clear stimulation of the market: Iran 6.8 million Euros (+50 %), Thailand 4.1 million (+42 %), Vietnam 1.7 million (+35 %), Bangladesh 2.7 million Euros (+8 %).

5,000 square meters made in Germany
This favourable economic trend is also reflected by the German participation in ITMA ASIA + CITME 2010. With 105 exhibitors the German companies represent the biggest European group within the CEMATEX countries. All renowned manufacturers will be present at this leading fair in Shanghai and show innovative textile production technique “made in Germany”.

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Posted in: CITME,German textile machinery,ITMA ASIA,Textile Machinery Association,VDMA,VDMA Textile Machinery