The European Union has emerged as a one large scale exporter of textile machinery in the international scenario. Some other countable and creditable manufacturers and exporters of textile machinery include Italy, Germany and Spain. In all of them Spain has sprung out as an important manufacturer of textile machinery and has secured its place by the 11th rank world wide. Diversification and innovation played a major role in the retainable position of Spain. About 69 machinery companies gain financial credit worth 245 million Euros in the Spain. This sector evolves 2600 jobs.
Now-a-days maximum no. of companies are outsourcing the manufacturers of parts for the workshops designed for special purposes. Some companies have specialization in product research and development and innovations and some have in machine assembly phases.
Technical textile has grown more in the last decade. Major change is seen in “traditional textiles” so changes play major roles in products also like modifying or diversifying products of machinery. The related sectors for this are agriculture, hygiene and medicine, chemicals, packing and packaging and automotive industry.
Research and Development is a Keyword for Growth
Spain is giving special attention on the Research and Development of the textile machinery sector
The most aimed destination for the Spanish exporters is European Union and it is two third of the total exports of the country. The exports in the countries like Latin America, North America and Middle East is also noteworthy. New destinations like USA, Mexico, France, Turkey and India have new developing markets which are the reasons for the rise in the demand of progress. These destinations are five most targeted destinations for exports of textile machinery in the year 2006.
Geographical Distribution and Production
The good research & Development and innovations lead Spain in the global market in the technical textiles. The investment by this sector is 2.30 billion Euros in research and development projects and 4.60 billion Euros in new facilities and capital goods. The production in different regions of Spain is 3% in Valencia, 64% in Catalonia and 32% in Madrid of total sales. There are only two companies in Madrid though its contribution is of 32%.
Progressive Structural Changes of the Sector
Dyeing and finishing is a very much important sub sector of Spain. This dyeing and finishing sector consists of 32 companies and is the leading sector of country.
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