28th June 2018
New foreign clothing and textiles investment collapses in Vietnam
The annual International Textile Manufacturers Federation (ITMF) machinery shipments report showed faster growth in 2017.
In several categories, the previous few years had seen a decline: China continued to be the largest buyer of new equipment.
Spinning machinery In 2017 shipments of new short-staple spindles increased for the first time since 2013, with deliveries to China up 34% (2016: up 9%) and to Indonesia 135% – but deliveries to Bangladesh fell 33% (2016: up 97%) and fell 33% to Vietnam too (2016: up 4%)
Shipments of open-end rotors rose 24% (2016: up 66%) , while shipments to China grew 6% (2016: up 92%)
Weaving In 2017, worldwide shipments of shuttle-less looms increased by 12% to 95,400 units (2016: up 4%)
Knitting Machinery Global shipments of large circular knitting machines rose slightly by 0.12% to a level close to 28,000 units in 2017 (2016: down 3%)