Textile industry's investment in fixed assets increases 25.66 percent on year

Investment growth in fixed assets of textile industry is undoubtedly the direct factor to drive sales of textile machinery products. Statistics of recent years show that investment in equipment basically accounted for more than half of the investment in fixed assets of textile enterprises.

China's textile industry completed a total investment of 276.291 billion Yuan in fixed assets from January to September this year, an increase of 25.66 percent year on year, the growth rate was 16.95 percentage points higher than the same period last year.

Investment scale of various sub-sectors in textile industry enlarged over the same period last year. Of which, wool and chemical fiber industries realized about a 50 percent growth rate in investment year on year. In comparison, despite the high growth rate of fixed assets in wool industry, its base was relatively low, so the investment did not show an obvious drive in sales. Investment growth in fixed assets of chemical fiber industry reached 49.36 percent, which effectively boosted sales of chemical equipment, in the first three quarters of this year, the industry sold out 40 lines of polyester staple fiber equipment and 1,500 units of various texturizing machines.

Among sub-sectors of the entire industry, cotton textile industry still achieved the largest proportion of investment in fixed assets this year, accounting for 43.58 percent of total investment in the industry. The dependence of China's textile machinery industry on cotton spinning equipment is as high as 60 percent; therefore, indicators of all sub-sectors have recovered this year.

Statistics show that in the first three quarters cotton spinning frames were sold 6.49 million spindles, an increase of 59.1 percent year on year, automatic winder were sold nearly 1,300 units, up 97.73 percent year on year, sales of combing machines and blowing-carding combined units were more than doubled.

In addition, investment growth of knitting and dyeing industry exceeded 20 percent in the first three quarters this year, so that sales of knitting and dyeing equipment also realized significant growth.