Third ITMA ASIA + CITME Combined Exhibition Continues To Support Buoyant Chinese Textile Industry

SHANGHAI — June 14, 2011 — The third ITMA ASIA + CITME combined exhibition is expected to draw
positive response from leading textile machinery manufacturers as the Chinese textile industry
continues to expand. It will be held at the Shanghai New International Expo Centre (SNIEC) from 12
to 16 June 2012.

According to its owners, the European Committee of Textile Machinery Manufacturers (CEMATEX),
China Textile Machinery Association (CTMA), the Sub-Council of Textile Industry, CCPIT (CCPIT-Tex)
and China Exhibition Centre Group Corporation (CIEC), the positive textile machinery shipment
statistics released last month by the International Textile Manufacturers Federation (ITMF) further
shows that demand for machinery has picked up.

Speaking at the press conference held today at SNIEC, Mr Fritz Mayer, Board Member of
CEMATEX, said, “As the global economy continues to show strong signs of recovery, we expect our
2012 edition to be even bigger than the previous showcase in 2010.”

Explaining further, he said, “Currently, the textile machinery industry report card is
looking much better compared to the previous two years. The ITMF’s International Textile Machinery
Shipment Statistics show that investments, which were reduced during the 2008 crisis, have picked
up significantly. In fact, I’ve been told that a number of machinery manufacturers have full order
books, with delivery times, in some cases, of up to two years”.

ITMF statistics point to buoyant demand for textile machinery in the past decade. Although
imported textile machinery investments fell back in 2008 and 2009 after an excellent performance in
2007, they have started to register an upward trend since last year.

Machinery shipment figures for 2010 released recently reveal that substantial investments
have been made in sectors such as short-staple spindles, open-end rotors, texturing spindles,
shuttle-less looms, circular knitting machines and electronic flat knitting machines.

Also speaking at the press conference, Mr Wang Shutian, President of China Textile Machinery
Association (CTMA) painted a positive picture of the Chinese industry. Reiterating that the textile
industry is a traditional pillar of China’s economy, he gave an overview of the industry, including
plans to strengthen the competitiveness of the industry.

In 2010, China’s textile and apparel exports hit US$206.5 billion, accounted for some 33 per
cent of the global textile and apparel trade. On the textile machinery industry front, Mr Wang
highlighted the critical role played by the Chinese textile machinery industry.

“The textile machinery industry has laid a solid foundation for the rapid development of the
textile manufacturing industry,” he said, adding that the industry had 1,071 large-scale
enterprises, employing 149,800 people, as at end 2010.

During the 11th Five-Year Plan period, business revenue grew at an average annual rate of
17.08 per cent, an increase of 3.4 per cent from the 10th Five-Year Plan. The total value of the
industry almost doubled during the same period. The production of textile machinery accounted for
one-third of global product output.

“China has become a heavyweight in the textile industry, with a corresponding increase in
demand for machinery, equipment and new technology. Hence, the combined exhibition will be
beneficial for both China’s and Asia’s fledging textile industry,” he opined.

A Strong Track Record

Recognised as the largest international textile machinery showcase in Asia, the combined ITMA
ASIA + CITME exhibition has held two successful presentations, in 2008 and 2010. It has proven to
be a reputable and effective platform for the promotion and adoption of the latest textile
machinery technology and equipment, as well as strengthening national textile and textile machinery
industry cooperation. At the same time, it has helped reduce business costs for exhibitors and
visitors by cutting down on the number of exhibitions they have to participate in.

The 2010 exhibition had a good showing even though the industry was still recovering from the
global financial crisis. Spanning a total of 103,500 square metres, it attracted 1,171 exhibiting
companies from 28 countries and regions. The exhibition received more than 82,000 professional
visitors from 99 different countries and regions, of which 22 per cent came from overseas.

ITMA ASIA + CITME 2012 is organised by Beijing Textile Machinery International Exhibition Co
Ltd and co-organised by MP International Pte Ltd. The Japan Textile Machinery Association is a
special partner of the event. The deadline for space applications is 15 October 2011.

Posted June 14, 2011

Source: ITMA Asia + CITME