Tag: textile Care

VDMA Textile Care, Fabric and Leather Technologies: European Industry meeting with election of new board of directors
Business news

VDMA Textile Care, Fabric and Leather Technologies: European Industry meeting with election of new board of directors

This year's VDMA TFL industry meeting took place on 14 and 15 November in Berlin. For many years, the trade association has been committed to Europeanisation and this year, too, further European members have joined the ranks. "Only together as a European industry can we form an antithesis to the current global framework conditions and remain competitive," said Elgar Straub, Managing Director of the TFL trade association. The consequences of the trade dispute between the USA and China and the unclear Brexit situation are causing great uncertainty and unrest in the markets. The industry is also feeling this, and strong European cohesion is the necessary response to the current political and economic situation.

VDMA Textile Care, Fabric and Leather Technologies
Events

VDMA Textile Care, Fabric and Leather Technologies

The manufacturers of sewing and garment technology as well as machines for processing technical textiles look back on a turbulent year in 2018: While the sector reported a substantial increase of 120 percent in cumulative terms between 2009 and 2017, exports in 2018 fell by 16.7 percent from 603 million Euros in 2017 to 502 million Euros in 2018. "The industry is experiencing strong uncertainty among its customers, which has a negative impact on investment behaviour," said Elgar Straub, Managing Director of VDMA Textile Care, Fabric and Leather Technologies (TFL), at the opening press conference of the Texprocess in Frankfurt. "The overbureaucratisation in Germany, such as the Posting of Workers Directive or the DSGVO, the threat of Brexit and the national tendencies in many European countries, but also the situation in Turkey, the trade dispute between the USA and China and the ever more severe trade sanctions set up by the USA - all this is bringing considerable unrest to the markets.

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