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31.05.2024

Italian textile machinery manufacturers in Turkmenistan

From June 24 to 28, a delegation of Italian textile machinery manufacturers will be engaged in Turkmenistan for an institutional mission organized by ACIMIT, the Association of Italian Textile Machinery Manufacturers, and Italian Trade Agency. The delegation will have some institutional and commercial meetings scheduled in Ashgabat.

For the Italian textile machinery industry, the Turkmen market has high growth potential. Cotton is the third largest export product of the Country, and local authorities aim to develop a robust textile industry capable of processing the locally grown raw material. Significant investments in new equipment will be necessary for the success of this development program. To achieve this goal, the demand for textile machinery and technologies is rapidly increasing.

This is testified by the average annual growth rate of Turkmen textile machinery imports between 2009 and 2023 (+7.3%). Furthermore in 2024-2027 period forecasts by ACIMIT predict a further average annual increase of 5.5%.

From June 24 to 28, a delegation of Italian textile machinery manufacturers will be engaged in Turkmenistan for an institutional mission organized by ACIMIT, the Association of Italian Textile Machinery Manufacturers, and Italian Trade Agency. The delegation will have some institutional and commercial meetings scheduled in Ashgabat.

For the Italian textile machinery industry, the Turkmen market has high growth potential. Cotton is the third largest export product of the Country, and local authorities aim to develop a robust textile industry capable of processing the locally grown raw material. Significant investments in new equipment will be necessary for the success of this development program. To achieve this goal, the demand for textile machinery and technologies is rapidly increasing.

This is testified by the average annual growth rate of Turkmen textile machinery imports between 2009 and 2023 (+7.3%). Furthermore in 2024-2027 period forecasts by ACIMIT predict a further average annual increase of 5.5%.

Meanwhile, in 2023, the demand for Italian textile machinery from Turkmen companies has grown. Italian exports increased from 600,000 euros in 2022 to approximately 13 million euros the following year.

The Italian companies participating in the institutional mission are: Brazzoli, Color Service, Itema, Marzoli, Mcs, Reggiani Macchine, Salvadè, Santoni.

Source:

Acimit

(c) Monforts
10.11.2022

Monforts part of the VDMA Trade Delegation to Turkmenistan

Monforts will take part in a VDMA textile technology trade delegation to Turkmenistan from November 21-26, on behalf of the German Federal Ministry of Economics.

Around 80% of Turkmenistan’s production of textiles and garments is currently exported, with a value of $350 million in 2020. This is now expected to rise to $450 million by 2023.

In addition to expanding in cotton yarns and fabrics, the country is also looking to enter other textile markets, including nonwovens, carpets and absorbent hygiene products, and negotiations are currently underway between the Turkmenistan Ministry of Textile Industry and the Korean Institute of Industrial Technologies to also commence manufacturing synthetic fibres from polymers.

In 2021, a new textile complex was opened by state-owned textile manufacturer Cotam in the city of Kaka, which is aiming to produce 3,650 tons of yarn, 12 million square metres of different types of fabrics and 1.2 million tons of finished products annually, with the creation of 1,300 new jobs.

Monforts will take part in a VDMA textile technology trade delegation to Turkmenistan from November 21-26, on behalf of the German Federal Ministry of Economics.

Around 80% of Turkmenistan’s production of textiles and garments is currently exported, with a value of $350 million in 2020. This is now expected to rise to $450 million by 2023.

In addition to expanding in cotton yarns and fabrics, the country is also looking to enter other textile markets, including nonwovens, carpets and absorbent hygiene products, and negotiations are currently underway between the Turkmenistan Ministry of Textile Industry and the Korean Institute of Industrial Technologies to also commence manufacturing synthetic fibres from polymers.

In 2021, a new textile complex was opened by state-owned textile manufacturer Cotam in the city of Kaka, which is aiming to produce 3,650 tons of yarn, 12 million square metres of different types of fabrics and 1.2 million tons of finished products annually, with the creation of 1,300 new jobs.

Monforts has supplied seven complete finishing machine ranges to Turkmenistan company Cotam, as the Central Asian country looks to boost its production of cotton yarns and fabrics via an ambitious textile industry modernisation plan.

Cotam now has two separate manufacturing sites at Babadayhan and Kaka, both of which have now been equipped with Monforts technologies built at the company’s plant in St Stefan in Austria.

Cotam supplies finished fabrics to both the apparel and home textiles markets and at its Babadayhan plant is now operating two Montex stenter lines and a Monfortex sanforizing line. At its new Kaka plant, the company has also installed two Montex stenter lines, as well as a Thermex universal hotflue for continuous dyeing and curing.

“Turkmenistan celebrated 30 years of independence in 2021 and has made a giant leap forward in its progressive development,” said Monforts Managing Director Stefan Flöth. “A textile industry equipped with modern high-tech equipment has been created factories and equipped with the most advanced and high-performance equipment built and put into operation. We are extremely pleased that the Ministry of the Textile Industry of Turkmenistan chose Monforts machinery for its new textile complex in Kaka and together with the machines for Babadayhan and other recent projects we are proud to say that 15 Monforts machines are now established in the country.”

Source:

AWOL for Monforts