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Russian textile industry on the up

The Russian textile industry is gaining ground: compared to the previous year, in 2017 the production output of textiles in Russia grew by 7.1%, clothing by 3.8% and leather and leather goods by 4.3%; the production of synthetic yarns has grown by 25%, knitted fabrics by 14% and shoes by almost 12%.

May 2018

What is driving these developments? The significant rise can mainly be attributed to the regulatory support from the textile industry and the financial support provided by big investors from Russia and abroad. And this trend seems to be continuing in 2018: “The positive dynamic of the first three months of 2018 makes us expect that this year will be closed on the rise as well,” predicts Victor Evtukhov, State Secretary and Deputy Minister of Industry and Trade of the Russian Federation. Russia seems to be establishing itself as an increasingly attractive destination for manufacturers of textiles and clothing.

These trends also point to positive developments in the market for technical textiles, something that was particularly apparent at the previous edition of Techtextil Russia, the international trade fair for technical textiles, nonwovens and protective clothing. The tenth edition of the international industry get-together took place for the third time during “Russia Textile Week” and attracted 7,837 professional visitors from 47 countries between 20 and 23 March 2018.

Michael Jänecke, Director Brand Management Technical Textiles & Textile Processing at Messe Frankfurt, sees the increased internationalisation as an especially positive sign: “The international exposition of Techtextil Russia demonstrated a growth of 37% this year, which is a sign for further project extension and industry development. The trade fair is a perfect chance for international partners to see and objectively review Russia’s actual market conditions.” The trade fair brings together 166 exhibitors from 18 countries – including Belgium, Germany, India, Poland, Turkey and Russia. The next edition of Techtextil Russia will take place from 19-22 March 2019 at the IEC “Expocentre”.

Find out more here:
Press Release: Post-release Techtextil Russia 2018
www.techtextil.ru
www.facebook.com/TechtextilRussia

#Techtextil Russia #Russia #Moscow #Technical textiles