Year-on-Year global fabric production down in Q2
The International Textile Manufacturers Federation (ITMF) released State of Trade Report for second quarter, 2011. Only as a result of higher output in Asia in general and China in particular global yarn production increased in the 2nd quarter of 2011 in comparison to the previous quarter. Also global fabric production rose in the 2nd quarter due to higher output in Asia and South America while production in Europe and North America fell.
It is important to note that production in the 1st quarter in China is traditionally lower as a result of fewer working days due to the Chinese New Year holidays. Compared with the previous year, global yarn production increased somewhat due to higher output in Asia and North America and despite lower production in South America and Europe while global fabric production dropped with all regions suffering declines except for South America.
Global yarn stocks soared in the 2nd quarter of 2011 compared with the previous quarter especially due to higher stocks in South America and Asia, while those in Europe and North America remained practically unchanged. Year-on-year yarn inventories jumped, especially in Asia and South America. Fabric stocks were up in North and South America in the 2nd quarter of 2011 as compared to the previous one, while those in Europe and Asia fell slightly.
On an annual basis fabric stocks jumped in North and South America, irrespective of slight falls in Europe and Asia. Global yarn and fabric orders fell in Europe and Brazil both in comparison with the previous quarter and with the 2nd quarter of 2010.
Estimates for yarn and fabric production in the 3rd quarter of 2011 in most countries is either negative or unchanged. In the 4th quarter the outlook for yarn and fabric production improves with most countries seeing higher or unchanged output levels. 
Oerlikon continues strong profitable sales growth
Oerlikon Group posted a strong increase in sales in the first nine months of 2011 on double-digit sales growth across four Segments. All regions delivered sales growth, primarily driven by significant increases in Asia. Although order intake was stable year-on-year, certain Segments showed robust order growth. Streamlining of the Group’s portfolio continued in the third quarter with the closing of the Carding divestment.
Dr. Michael Buscher, CEO of Oerlikon Group, said: “Oerlikon’s nine-month performance reflects disciplined execution of our strategy. We are benefiting from the systematic implementation of our operational excellence initiatives, with an increasingly efficient conversion from orders to sales. The growth in sales is also based on our high emerging market penetration and our strong innovation pipeline.” Oerlikon Group CFO Jürg Fedier said: “We continue to see improvements in our underlying performance and profitability. As a result, we are raising our profitability guidance.”
The global economic environment remains uncertain but with Oerlikon’s broad portfolio mix and operational discipline, the Group is now better positioned to tackle challenges and to achieve its financial targets. Oerlikon is confirming its previous sales and order intake guidance and increasing its profitability guidance for the full year. EBIT margin is now expected to exceed 9 percent for 2011….Read More…
Excelle Isoweb TT & ACS Profile face excellent welcome at ITMA
The affluence of customers was huge, even with more customers enhancing active projects.
Many visitors came from India, Pakistan, Middle-East, Gulf countries, North and Latin Americas. The attendance from Europe and Asia was as expected, with a limited number of Chinese customers present at the event.
Several businesses have been concluded during ITMA, names are not available for the moment.
Asselin-Thibeau faced an excellent welcome for the Excelle Isoweb TT card as well as for the ACS Profile crosslappers and the new SDV-2 needleloom for velour applications.
Excelle Isoweb TT card is the inline card solution to obtain 3/1 MD/CD strength ratio on final product, even at high speeds over 250 m/min. Such performance at such speed is really unique and this is why the Isoweb TT technology can be considered as a Revolution…..Read More….
