The American Socks Industry Has Put In Advanced Equipment And Made A Comeback.

With the progress of science and technology, the relatively moderate wage increase and the support from domestic retailers, the hosiery industry is coming back.

11 years ago, because of Michael Penner, which was not competing against Asian manufacturers and withdrawing from the American socks industry, it restarted the stove in December in December in the city of sieddland in North Carolina, and renamed the Peds Legwear (Peds). The new factory is scheduled to be put into operation next March, and the socks will be put on the shelves of Wal-Mart.

At present, the Pala sock industry has invested $8 million 500 thousand to upgrade its plant and equipment, including the purchase of 60 automatic hosiery machines and the latest state-of-the-art computer equipment to Italy Lonati. If more retailers support it, the company will also invest an additional $15 million.

Lonati

The yarn can be woven into a strip and then stitched into the head of the stocking, combining the original two - stage operation together, and half the labor force.

The increase is relatively small, which is one of the reasons why parpara is reinvesting in manufacturing. Data show that the average annual wage growth of the US manufacturing industry in the past 5 years is less than 2%, but the labor cost of China has nearly doubled in 2008, and the gap between China and the United States is narrowing.

More importantly,

Leading WAL-MART is trying to reduce its dependence on imported products, so the American socks made by the Palmer sock industry can get more shelves in the store. It also uses Canadian FilSpec's cotton yarn produced at the factory in North Carolina to save 14.6% of the import tariffs.

American Apparel and Footwear Association (AAFA) estimates that more than 80% of the products purchased by Americans, such as socks, come from imports, with an annual output value of about $7 billion 700 million, but the recent large-scale investment in the hosiery industry will help reduce imports.

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Whether in the domestic market or in foreign markets, 2015 is still a year of opportunity and challenge.

Although we see the trend of market warming, Liu Ming believes that with the improvement of domestic banks' credit difficulties to SMEs and the reduction of the euro exchange rate in foreign countries, the export of European textiles in the largest export market of domestic textiles will be affected. In 2015, it will also be a challenging year. There is no prospect for low-end products in China, and products must be developed in the middle and high-end direction.

At the same time, the upgrading of equipment has become another trend in 2015.

Bao Dequan said that unlike most developed countries in Europe and the United States will pfer most of their capacity to other countries, due to abundant resources and huge demand, domestic textile production will be retained.

At present, textile enterprises have little chance of upgrading and upgrading through the purchase of the entire production line. Most of them are upgrading through the original equipment to achieve their upgrading in performance, output, energy saving and environmental protection.

Du Peng, chief engineer of Shaoxing Shui Fu Textile Equipment Co., Ltd. recently exchanged with industry experts.

It is generally accepted that in 2015, some textile enterprises will have to close down and stop production because of poor benefits. At the same time, some enterprises will reintegrate into production again, but most enterprises will improve their production capacity through technological pformation.

Therefore, it is the best way for textile machinery enterprises to increase R & D investment and produce products that are suitable for customers' needs.

In 2014, the sales volume of Shui Fu company has not been greatly affected, because the company's R & D caters to the demand for more and more varieties of textiles.

In 2015, they will continue to increase R & D efforts with the company's R & D center as platform, and increase the original 1.5%~2% investment to 3%~5%.

At present, the profiled reed produced by Shui Fu company has been the first in the world for 4 consecutive years. In the future, the equipment developed by the company will be more in line with the production demand of high density, high density cloth and industrial cloth.