Simatex 2008

Worldwide Textile Technology has an appointment in Buenos Aires

From November 11th to 14th, 2008 the new edition of the Textile Machinery International Show will take place. More than 150 companies from all over the world will come together at the only technology meeting in the region.

It is the third time the Textile Machinery International Show - SIMATEX will take place at Costa Salguero Center, from November 11th to 14th, 2008. About 150 companies from several countries will exhibit their latest technological innovations for the textile sector.

The growth that the Argentinean textile industry has experienced during the last 6 years provides evidence of the positive economic situation which favours local production. This context has encouraged investment on equipment, both at spinning and knitting mills and at the garment industry.

Faced with such a growth, the organization of a show dedicated exclusively to the latest technology innovation for the textile industry becomes very important.

Ms. Andrea Lippi, show director, assures that “for this exhibition we have the support of international and national companies, as well as international organizations that contacted us in order to participate and promote the show in their countries. All of them consider the region has endless development possibilities in a medium and long term, beyond the current situation the sector is going through”.

Since the exhibition date coincides with the presentation of the Fall-Winter yarn collections, the meeting will have a special sector called F&H where national manufacturers and international import firms related to fibres and yarn will have the opportunity to get together, complementing in this way the machinery offer for their use.

SIMATEX 2008, that will have a 10.000 m2 exhibition surface. Italy will be the most represented country, since as statistics show it is one of the main machinery suppliers, especially for knitted fabric manufacturing, fittings and finish. In second place we have the Germany and Chinese companies.

For further information: www.simatex.emitex.com.ar

INVESTMENT

In respect of capital investment, between 2002 and 2007 the sector has accumulated more than 1.000 million dollars investment amount. According to INDEC’s import record, the textile industry ended the year 2007 with a total investment amount close to 300 million dollars in productive technology. This figure represents a 48% increase in comparison to the capital invested during the same period in the year 2006. As regards the origins of the technology import, the most important ones during the first nine months of the year 2007 were Italy, Germany and China, which concentrated a 20%, 16% and 15%, respectively.

With a view to the near future, by means of the “Qualitative Survey” carried out in the year 2008, Pro-Tejer Foundation provides us with the following information: 61% of the companies foresee productive investments during the following year. The industrial sectors that will invest the highest volume are the fabric finishing or fittings and the garment industries

Most of these investments will be allocated to new projects, and they will be directed towards achieving an output increase, technology modernization or update and improving the quality of the products and the processes, as main objectives. In order to make it, companies consider new machinery acquisition as the main investment, among others.

Finally, we consider it interesting to highlight that 40% of the companies plan an increase in the use of the installed capacity. The increasing expectations remain at a high level. Taking into account the level of average use of the installed capacity in 2007 was 80%; this fact reflects the implementation of a sustained investment process.