Italy'S Textile Industry Slump, Indonesia'S Ministry Of Industry Inject Capital To Update Textile Machinery

Italy textile industry Turnover Slipped 15.3% in the first half of 2012

According to the data released at the fifteenth Milano Unica textile exhibition held in Milan, the turnover of Italy textile industry in the first half of this year was 15.3% lower than that of the same period last year.

In 2011, the turnover of Italy's textile industry was 8 billion 400 million euros, an increase of 9.3% over the previous year. But it is clear that this good posture has not been able to continue in 2012. Monti, Prime Minister of Italy, at the opening ceremony of the fifteenth Milan textile exhibition, said that in order to alleviate the debt burden of the state, the government will take severe austerity measures in the short term, which will impact economic development. But these policies are also committed to restarting national economic growth based on long-term strategic considerations.

Italy is still wool. Fabric The largest exporter, accounting for 39.7% of world trade, Italy ranks second in the world in terms of flax and silk exports, accounting for 16.8% and 15.2% of world trade share respectively. The total export volume of China's fabrics is ranked first in the world, but wool fabrics are not included.

The fifteenth Milano Unica textile exhibition was held in Milan on September 11th ~13. It is one of the two major exhibitions in Italy and even Europe.

Indonesian Ministry of industry inject 110 billion rupees to renew textile machinery

Indonesia's industry has allocated 110 billion rupees of funds to upgrade the machinery of 122 textile and textile units, accounting for about 75.8% of the total budget limit. Of the 142 textile and footwear companies that sign the aid agreement, only 20 companies have not received cash injection because they have not been able to provide evidence of new machinery procurement in the budget.

Raymond Ba Wen of the Indonesia textile and other industry bureau of the Ministry of industry said the government allocated 145 billion rupees to support the revival of the textile machinery industry. So far, the fund has allocated 110 billion rupees to help 122 companies update textile machinery.

Raymond believes that the mechanical renewal plan is effective in maintaining the use of underground water in the textile industry. However, the plan can not guarantee that the export of textiles will grow this year because of the downward trend in demand caused by the global economic downturn. Since 2009, Indonesia's exports of textiles and footwear have grown at an average annual rate of 10%, but this year, Indonesia's exports may decline by 5-6% due to a 11% decline in world demand.

Next year, Raymond said the government reduced the allocation of new machinery to the textile machinery industry to 135 billion rupees, but this is only a proposal that has not yet been discussed in Congress.

Raymond believes that the establishment of the updated machinery plan is expected to increase the utilization ratio of textile and textile products factories and expand the share in the international market. At present, Indonesia's share in the world textile market is about 2-3%, less than 42% of China's. In the future, our market share may expand because China is shrinking. We have to grab the share of Vietnam and Bangladesh.

Indonesia Textile Association Chairman Sutela Chet said that only the mechanical renewal plan can effectively help the national textile industry's competitiveness. Therefore, Sutela Chet hopes that the budget allocation of the plan can be raised every year.