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According to the 32nd International Textile Machinery Statistics, as compiled by the International Textile Manufacturers Federation, the steep reduction in global shipments of new textile machinery in 2008 following a strong investment period between 2003 and 2007 continued in 2009 in most segments.
The 2009 survey was compiled in cooperation with some 112 textile machinery manufacturers, representing a comprehensive measure of world production.
Compared to 2008, 2009 shipments of short-staple spinning spindles fell by 17% to 7.2 million spindles, along with those of open-end rotors by 26% to 144,500. Shipments of shuttleless looms decreased by 3% to 43,400 looms, and those of electronic flat knitting machines declined by 12% to 17,840. Meanwhile, shipments of texturing spindles recorded an increase of 49%, and those of circular knitting machines grew by 20% to 25,450.
The investment boom until 2007, which was closely related to China’s integration into the WTO structures and the phasing-out of the traditional quota-regime under the WTO-Agreement on Textiles and Clothing (ATC) at the end of 2008, came to an abrupt end in 2008 both for cyclical reasons as well as a result of the global financial and economic crisis.
08 June, 2010 by admin