India Vardhaman Textile Company Will Invest 3 Billion Rupees To Add Spindles.

Wednesday,

Vardhamn textile production

Earlier this week, Vardhaman

Supplement:

Most of the investment in textile machinery from 2003 to 2007 ended abruptly in 2008.

In 2008, shipments of all textile machinery were reduced by -3% to -66% compared with 2007.

The investment boom before 2007 is closely related to China's accession to the world trade organization. It is also related to the gradual abolition of the traditional quota system in the WTO textile and clothing agreement in 2007/2008.

This means that textiles and clothing products are no longer subject to quota restrictions, but now all the general rules and disciplines of world trade are embodied in the multilateral trading system of the World Trade Organization (WTO).

The International Textile Manufacturers Federation (ITMF) announced the main results of the thirty-first international textile machinery loading Statistics (ITMSS) in May this year.

This report covers 6 types of textile machinery, namely spinning, deforming, weaving, large circular knitting, plain knitting and dyeing and finishing machinery.

The 2008 survey was conducted by 133 textile machinery manufacturers to represent a comprehensive world output measurement.

After 5 years of massive investment, especially in China, the output of staple spindles in 2008 decreased significantly.

Compared with 2007, global shipments dropped by -33% to 8 million 640 thousand spindles.

Nevertheless, this is still far higher than the level of prosperity before investment.

So far, the largest shipment of this new machine has been digested by Asia (8 million 310 thousand or 96%).

China installed 3 million 690 thousand, or 43% of global shipments, followed by India (25 thousand and 300 or 29%), Bangladesh (642000 or 7%), Vietnam (580000 or 6.5%), Indonesia (250 thousand or 2.9%) and Pakistan (238000 or 238000).

In 2008, global long fiber (wool) spindles shipments declined slightly, from -3% to 143000.

Although shipments in Asia increased by 17% to 115350, mainly because of investment growth in India and Indonesia, Europe (including Turkey) fell by -54%, to 18700.

The number of shipments to South America remained almost unchanged, about 7000, while in 2008 the shipment volume in North America was 2500 again.

Unlike in the previous year, Africa did not invest in long fiber spindles in 2008.

2007, investment was hot, reaching 576000 (68% higher than in 2006), and investment in jet rotors dropped by -66% to 195 thousand and 650 in 2008.

Asia has once again become the main market, digesting 143350, or 73%.

The proportion of China's global shipments is 46% or 89 thousand and 200, followed by Brazil, far behind China, 13%, 24 thousand and 400, India 9% or 17 thousand and 700, Brazil 6% or 12000.

After heavy investment in Turkey in 2007, the shipment volume of jet spinning rotor dropped sharply from 135800 to 7500 in 2008.

In 2008, the delivery volume of single heater extension deformation rotor (polyamide filament) decreased by -20% to 5230.

China is by far the largest investor, 4300 spindles, accounting for 82% of the total investment, followed by Thailand, 430 or 8%.

The number of deliveries of the dual heater pull deformable rotor (polyester filament) decreased by -34%, to 163000, back to the pre investment boom level.

The largest investor is still China, with 62600 of new spindles or 38% of global investment, followed by India, 45000 or 27%, 10 thousand and 800 or 7% in Syria, 7400 or 5% in Japan, 7000 or 4% in Vietnam.

In 2008, shuttleless loom investment fell by -34% to 44800, marking the lowest level of investment since 2000. This year's survey included shipments of Chinese textile machinery manufacturers for the first time.

Nearly 40 thousand or 90% of all machines are sent to Asia.

China is still the largest investor in shuttleless looms, with 28600 installed in 2008 or 65% of the total shipment volume.

India and Bangladesh were 3300 and 3050 or 7%, respectively. India and Bangladesh were second and third, followed by Indonesia, 1700 or 4%, Brazil 830 or 2%.

In addition, the shipment of knitting machines decreased by -21% to 21150 compared with 2007.

This is the lowest level in the past five years, but it is still much higher than the level before 2004.

Asia is the preferred investment area for disc knitted machines, with a proportion of 87%.

China is the largest investor in such knitting machines, with a total volume of 14 thousand and 400 or 68% of the world's shipments.

Bangladesh second, 1070 machines or 5%, followed by 850 or 4% in India, 600 or 3% in Turkey, 530 or 2.5% in Indonesia and Brazil.

Shipments of the global electronic flat knitting machine are less obvious.

Global shipments dropped by 7% to 20300 in 2008.

Most shipped to Asia (88%), and Europe absorbed 10.5%.

China is the largest single investment country in the electronic flat knitting machine, purchasing 8970 machines (44%), followed by Hongkong, 7110 (35%), Italy 1120 (6%), Turkey 760 (4%), Kampuchea 620 (3%).