The rapidly growing Chinese textile industry is continuing to upgrade its technical level, a new survey reveals.
The survey was conducted on China's textile and apparel markets by a Chinese journal, "China Textile & Apparel" (CTA) this year. With Synovate Ltd as the technical advisor, the survey receives the support from industrial associations including the China Knitting Industry Association (CKIA), China Nonwovens & Industrial Textiles Association (CNITA), CNITA Spun-Bonding Branch and Shenzhen Textile Industrial Association.
According to the survey, 70% of the respondents indicated that they had purchased or upgraded the technologies of their facilities recently. The majority of them, 81.82%, are raw material suppliers.
Asked if they would import technology in the next two years, 78.87% of equipment manufacturers said yes. Next come textile product processing enterprises (77.58%) and raw material enterprises (74.55%).
Advanced technologies get more important
As shown in the survey, among the foreign-owned enterprises, 65.38% of them prefer to introduce overseas advanced technology. Private enterprises have flexible multilateral system and 45.95% of them prefer to introduce overseas advanced technology. And about one-third of the state-owned enterprises prefer to adopt domestic technology. As a whole, all types of enterprises agree that both domestic technology and overseas technology will gain importance in the coming two years.
Quality and functionality are decisive factors
The survey also finds that foreign-owned enterprises and private enterprises pay more attention to quality, while a higher percentage of joint venture enterprises and private enterprises concern more about functionality. Whether the equipments are productive is the major consideration of foreign-owned enterprises and collective enterprises.
Ideal payback period for fixed assets is 2 to 4 years
When making investments in fixed assets, enterprises have their expected payback period.
Specifically, 40% of raw material suppliers and 61.34% of equipment suppliers (especially private enterprises) expect the payback period to be two to four years. For textile processors, 45.45% of them expect the payback period to be less than two years.
Major trends on China's textile and apparel markets:
Technical upgrading continues
Increased importance of overseas and domestic advanced technologies
Increase in R&D input
Quality and functionality are decisive factors in selecting equipments
Ideal payback period for fixed assets is 2 to 4 years
Import/export environment being main risk for investment
Shortage of talent a bottleneck
Quality, cost, brand and innovation are keywords
New products increasingly contribute to turnover
Source: "CTA 2007/08 Chinese Textile Market Outlook Survey" |
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