Textile Equipment Manufacturers Exploring the Booming Chinese Market

There is no mistaking in saying that textile equipment manufacturers flock in China in an attempt to sell their products to Chinese companies. Back in 2011, more than 1,300 textile equipment manufacturers from around the world attended the 2011 CISMA expo held in Shanghai.

During the 2011 edition of the trade show, a local expert mentioned that China's textile companies are focusing on technological upgrades, which has opened up an expanding market for textile equipment.
Another proof to these words was a separate pavilion occupied by German textile equipment companies! Ewlgar Straub, president of the German Engineering Federation, said: “China is our most important export destination, as its textile industry is in a leading position. Guenter Veit, vice president of the German Federation, added: "We hope our high-quality and high-tech equipment will help our Chinese customers to produce the best industrial textiles”.

The potential value of China's industrial textile market is expected to reach 1 trillion yuan (156.74 billion U.S. dollars) in the coming years, according to the China National Textile Industry Council.

The industrial textile market has posted an annual growth of more than 18 percent over the last two years. In 2009, output of domestic industrial textile products totaled 7.23 million metric tons, valued at about 240 billion yuan.

Source: xinhuanet.com