The 7th Executive Council Meeting of the China Textile Machinery Association was recently held in Shanghai, drawing nearly 100 delegates. The event provided a platform for participants to exchange insights on the textile machinery market and engage in meaningful discussions on pressing issues such as smart manufacturing trends and industrial relocation under the "Belt and Road" initiative. As the industry continues to recover, it is crucial for companies to remain vigilant about market fluctuations and potential risks, especially concerning raw material price volatility.
Since 2017, the textile machinery sector has maintained a stable performance. From January to August, large-scale textile machinery enterprises reported a main business income of 83.521 billion yuan, reflecting a year-on-year increase of 12.46%. Profit reached 5.915 billion yuan, up by 21.91% compared to the same period last year. Additionally, total import and export volumes for textile machinery reached $4.4 billion, marking an 18.52% rise year-on-year.
Gao Yong, Secretary of the Party Committee of the China Textile Industry Federation, provided a brief analysis of the industry's performance this year. He emphasized the importance of monitoring market dynamics and being cautious about the risk of sudden increases in raw material prices, even as market conditions and product orders improve. Gao noted that the textile industry has entered a new phase, with rapid expansion now behind it. Although main business income is still rising, fiber processing volume has not seen significant growth. Continuous upgrades in production equipment, improved efficiency, and the concentration of production capacity among leading enterprises are key trends. He urged textile machinery manufacturers to adapt to these changes and integrate smart manufacturing into their strategies.
Gao also highlighted the need for textile machinery companies to form groups or alliances to better respond to evolving industry conditions. Regarding the industrial transfer under the "Belt and Road" strategy, he suggested that while labor costs in Southeast Asia are rising, slowing the pace of overseas expansion, companies should collaborate to establish comprehensive after-sales service platforms to support the export of textile machinery products.
Wang Shutian, President of the China Textile Machinery Association, raised several critical questions about the industry’s future. He questioned the sources of its rapid growth, the confidence driving it, and the achievements made over the years. He also pointed out the need to avoid excessive competition and explore the possibility of cooperation. With the increasing application of new materials in textiles, he encouraged a broader perspective on the industry, noting the cross-border development of textile technologies.
Gu Ping, Vice President of the China Textile Machinery Association, analyzed the performance of various sectors in the first half of 2017. High-end spinning machinery demand remained strong, with notable increases in sales of card machines, drawframes, and rotor spinning machines. In weaving machinery, high-speed rapier, water-jet, and air-jet looms saw significant growth. Knitting machinery, particularly flat knitting machines, showed strong performance, while circular weft machines had a mixed market. Printing, dyeing, and finishing machinery also experienced positive sales growth.
Chemical fiber machinery saw increased demand, especially for polyester filament spinning and texturing machines. Non-woven fabric machinery remained in high demand, with high-speed production lines becoming popular. The association also emphasized the importance of developing intelligent and high-end equipment, aligning with the goals set in the "13th Five-Year Plan for Development Guidance Opinions."
Li Yi, Vice President of the association, highlighted ongoing technological advancements, including several projects reaching international standards. Awards were given to innovative technologies, such as digital winding systems and wear-resistant coating techniques. The association also contributed to government research reports on smart manufacturing, providing strategic recommendations for industry development.
Gao Yong reiterated the need for textile machinery companies to focus on data, networking, and automation to support the transition to smart manufacturing. Wang Shutian stressed the importance of considering user input-output ratios and leveraging big data for better decision-making. Zhu Xianmin, Chief Engineer of the association, discussed the government’s focus on smart manufacturing, emphasizing the establishment of demonstration areas, standardization, and the integration of AI and big data.
In conclusion, the textile machinery industry is at a pivotal moment, requiring innovation, collaboration, and a forward-thinking approach to navigate the challenges and opportunities ahead. Companies must continue to evolve, embrace smart technologies, and deliver value beyond just selling products.
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