Page 4 - October-November-2018

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ITMA ASIA + CITME 2018 expecting

100,000 participants; A modest
increase in textile exports; Global Yarn
Editor-in-Chief and fabric production decreased in first
Yousaf Fareed
quarter of 2018
Editor
Hassan Saeed The sixth edition of ITMA ASIA + fourth quarter of 2017 and first
CITME 2018 is gearing up for quarter of 2018. The Increase of
Sub-Editor another huge exhibition in Shang- 12pc in Brazil has been cancelled
Ezzah Aqeel hai, China with a participant’s out by reductions in production in
Alexandros Ali Khan expectation of approximately Africa, Asia and Europe by 13pc,
100,000 from around the world. 11pc and 1.5pc respectively. Most
Advisory Board: 1700 local and international textile responding countries from Africa,
Dr. Tanveer Hussain machinery manufacturers from 28 Asia, and North America are
Dr. Muhammad Tausif countries are expected to demon- optimistic about the evolution in
strate their latest machinery as well second quarter of 2018, while
Marketing Manager as other products that boost Europe and Brazil expect a decline
Kaiynat Khan automation and energy saving in production. Global yarn stocks
Saeed Ahmed features. decreased in all regions in first
quarter of 2018 except in Brazil by
Layouts Mr Wang Shutian, president of 1.5pc.
Faizan Khan China Textile Machinery Associa-
tion (CTMA), said, “The strong PHMA (North Zone) has elected Mr
Marketing Incharge demand for space attests to the Adil Butt, Mr Sh Sarwat Kapoor
Abdul Mughees effectiveness and popularity of the and Mr Kashif Zia as unopposed
combined show. We had a long Chairman, Vice Chairman and
Adddress waiting list for space by the Senior Vice Chairman respectively
C-302, City Towers deadline for applications. There- for the year 2018-2019. For the
Main Boulevard, Gulberg II fore, we made the decision to book post of Central Chairman Mr
Lahore-Pakistan the additional space available in Javaid Bilwani was elected and the
the venue.” results have been approved.
Phone: + 92 42 35 788 700
Fax: + 92 42 35 788 700 In August 2018, the textile exports PRGMEA chief coordinator Mr Ijaz
continuously inched up as value A Khokhar stressed that display
Email: info@textalks.com added product segments houses ought to be established as
Skype: textalks witnessed a moderate growth they can facilitate domestic
whereas, there was also an entrepreneurs to handily settle
www.textalks.com increase in exports of cotton yarn business deals at minimum travel
and cloth. The textile exports hiked costs. He further said that a large
by 4pc in the second month of number of foreign businessmen
fiscal year 2019 on year to year were visiting Dubai because it had
basis. The figures were slightly become major trade and business
higher for August 2018 that saw hub, therefore, display centers
the overall textile exports grow by would enable the domestic entre-
7pc compared to August 2018. preneurs to settle their business
deals more easily as well as help
Global yarn production has to reduce the additional burden of
decreased by 9pc between the travel cost.

October/November 2018