China's textile machinery exports suffer cold
"Orders during the first half of this year decreased significantly, while next year's list have little." On Haipuenyi Import and Export Co., Ltd. (the "Puen Yi"), Xu Lin, general manager, said.
China Textile Machinery and Technology Import and Export Co., Ltd. (the "Import and Export of Textile Machinery"), the responsible person said: "Next year will be a sharp decline in exports of textile machinery."
View of the domestic textile machinery Market Saturated situation, explore the international market, once seen as the development of China's textile machinery industry is one way out. Two years ago China's textile machinery exports of 1.2 billion U.S. dollars, last year the figure rose to 15 billion dollars. But this growth did not provide for the continuation of this year.
Textile machinery production lead time required for half a year, in accordance with established practice, each month is then 6,7 overseas orders for the second year the main time. However, two major textile machinery from the north-south trade in the company's current orders situation, and as the domestic textile market, textile exports also experienced cold. Textile Machinery Import and Export in China
Textile exports account for about 10% market share, "Last year we did 1.2 million, this year only to maintain this level, the situation next year is hard to say." Import and export of textile machinery Leader of the "First Financial Daily" said. The Puen Yi's situation is even worse. "In order to maintain a certain profit margin, we choose to offer up 40%, so significantly reduced the number of the second half of list." Xu Lin said, "Last year we export 42 million U.S. dollars, only 20 million U.S. dollars is expected this year." China Textile Machinery Import and Export
and Puen Yi, according to two executives Analysis Exports are mainly two factors encountered the cold, first the global economic downturn led to weaker demand for textile machinery industry. The world's third largest cotton spinning power Pakistan, for example, Xu Lin, said Pakistan has more than 20% of the cotton mill closed down. Pakistan was once the importer of textile machinery in China, however, needs all the way down the last few years.
Another factor comes from the currency. "Within three years, significant appreciation of the yuan against the dollar, at the same time, including Vietnam, Pakistan, the main exporting countries, including the substantial devaluation of the currency is. This is settled based on the U.S. dollar export industry for the impact of large textile machinery." And this Meanwhile, steel prices climbing higher and higher profits of the textile machinery industry impact. In the dual exchange rate and the cost of steel under pressure this year, prices of some companies have chosen to export textile machinery, but can not maintain orders. While others live in the enterprise to keep Yao Yating of orders this year, next year is still uncertain.
Matters worse, the domestic textile major adverse environmental factors also contain a textile machinery company on the overseas market. China's Qingdao Textile Machinery Textile Machinery Co., Ltd., a business manager, said the practice of banks tightening lending loans to textile enterprises face great difficulties. "Our primary task now is repatriating their capital, sales are followed." China's exports of textile machinery
In fact, while imports from overseas each year from 3000 to 4000 million U.S. dollars of textile machinery. Textile imports of textile machinery accounted for the high-end domestic market is also relatively high profit market. The domestic textile machinery industry, a senior trade practitioners told reporters, most of China Textile Machinery Textile Machinery companies and overseas enterprises large technology gap. "We sell a roughing the 'steel', they sell the technology. Therefore, a steel prices, foreign-funded enterprises can withstand, but we encountered difficulties in life." He pointed out that some of Europe's textile machinery business has chosen to set up factories in China, to meet local market demand in China and also exported overseas. "They settled in euros, so you can bypass the negative impact of RMB appreciation."
However, as Deputy Secretary General of China Textile Industry Association, Summer sensitivity above, even in the cotton textile industry, the textile industry the most difficult areas, still there are some companies in the face of adversity thriving. "Because they move faster for the transformation and upgrading."
Shuttle scene in the Chinese textile machinery exhibition, Textile Machinery Co., Ltd. Dong Fei Mazuo in the booth and in particular eye-catching billboards.
China Textile Machinery and Technology Import and Export Co., Ltd. (the "Import and Export of Textile Machinery"), the responsible person said: "Next year will be a sharp decline in exports of textile machinery."
View of the domestic textile machinery Market Saturated situation, explore the international market, once seen as the development of China's textile machinery industry is one way out. Two years ago China's textile machinery exports of 1.2 billion U.S. dollars, last year the figure rose to 15 billion dollars. But this growth did not provide for the continuation of this year.
Textile machinery production lead time required for half a year, in accordance with established practice, each month is then 6,7 overseas orders for the second year the main time. However, two major textile machinery from the north-south trade in the company's current orders situation, and as the domestic textile market, textile exports also experienced cold. Textile Machinery Import and Export in China
Textile exports account for about 10% market share, "Last year we did 1.2 million, this year only to maintain this level, the situation next year is hard to say." Import and export of textile machinery Leader of the "First Financial Daily" said. The Puen Yi's situation is even worse. "In order to maintain a certain profit margin, we choose to offer up 40%, so significantly reduced the number of the second half of list." Xu Lin said, "Last year we export 42 million U.S. dollars, only 20 million U.S. dollars is expected this year." China Textile Machinery Import and Export
and Puen Yi, according to two executives Analysis Exports are mainly two factors encountered the cold, first the global economic downturn led to weaker demand for textile machinery industry. The world's third largest cotton spinning power Pakistan, for example, Xu Lin, said Pakistan has more than 20% of the cotton mill closed down. Pakistan was once the importer of textile machinery in China, however, needs all the way down the last few years.
Another factor comes from the currency. "Within three years, significant appreciation of the yuan against the dollar, at the same time, including Vietnam, Pakistan, the main exporting countries, including the substantial devaluation of the currency is. This is settled based on the U.S. dollar export industry for the impact of large textile machinery." And this Meanwhile, steel prices climbing higher and higher profits of the textile machinery industry impact. In the dual exchange rate and the cost of steel under pressure this year, prices of some companies have chosen to export textile machinery, but can not maintain orders. While others live in the enterprise to keep Yao Yating of orders this year, next year is still uncertain.
Matters worse, the domestic textile major adverse environmental factors also contain a textile machinery company on the overseas market. China's Qingdao Textile Machinery Textile Machinery Co., Ltd., a business manager, said the practice of banks tightening lending loans to textile enterprises face great difficulties. "Our primary task now is repatriating their capital, sales are followed." China's exports of textile machinery
In fact, while imports from overseas each year from 3000 to 4000 million U.S. dollars of textile machinery. Textile imports of textile machinery accounted for the high-end domestic market is also relatively high profit market. The domestic textile machinery industry, a senior trade practitioners told reporters, most of China Textile Machinery Textile Machinery companies and overseas enterprises large technology gap. "We sell a roughing the 'steel', they sell the technology. Therefore, a steel prices, foreign-funded enterprises can withstand, but we encountered difficulties in life." He pointed out that some of Europe's textile machinery business has chosen to set up factories in China, to meet local market demand in China and also exported overseas. "They settled in euros, so you can bypass the negative impact of RMB appreciation."
However, as Deputy Secretary General of China Textile Industry Association, Summer sensitivity above, even in the cotton textile industry, the textile industry the most difficult areas, still there are some companies in the face of adversity thriving. "Because they move faster for the transformation and upgrading."
Shuttle scene in the Chinese textile machinery exhibition, Textile Machinery Co., Ltd. Dong Fei Mazuo in the booth and in particular eye-catching billboards.
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