Machine manufacturer says Asian industry needs revitalising
27/04/2012
Active in the market since 1962, Shima Seiki is celebrating its fiftieth anniversary this year.
The company says the industry in China and in Asia as a whole is in need of revitalisation.
“Despite enormous expectations placed upon China as the world’s foremost garment production base,” the company said, “it has witnessed an economic slowdown due in no small part to increasing material costs, higher wages and a shortage of labour. Consequently textile manufacturing in China and its neighbors in south-east and central Asia is currently undergoing careful re-evaluation.”
It said its latest generation of machines, a number of which will be on display for the first time at ITMA Asia, heralds “the next phase in industrial modernisation”.
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