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China’s self-sufficiency rate of textile equipment exceeds 80%

Xinhua News Agency, Beijing, March 31 (Reporter Zhang Xinxin) Sun Ruizhe, President of the China Textile Industry Federation, stated on March 31 that currently, China’s self-sufficiency rate of textile equipment exceeds 80%, and the localization rate of key basic components of high-end equipment has reached over 50%. The China Textile Industry Federation, relying on China Hengtian, a subsidiary of State Machinery Group, to build the “Advanced Textile Machinery Innovation Consortium”, will further integrate industrial resources, implement the industrial foundation reconstruction project and major technical equipment research project, and promote the high-quality development of textile machinery.

Sun Ruizhe made the above statement at the three-year action kickoff meeting for revitalizing textile machinery held by China Machinery Industry Group Co., Ltd. in Beijing on the 31st.

Sun Ruizhe said that textile machinery is an important indicator of the development level and comprehensive strength of the textile industry, the engine of industrial transformation and upgrading, and the cornerstone of industrial chain stability. The steady development of China’s textile machinery has achieved scale advantages, system advantages, and innovation advantages in the textile industry.

Zhang Xiaolun, Chairman of China National Machinery Group, stated at the meeting that the next three years will be a critical stage for the textile machinery industry to enter a deep structural adjustment. China National Machinery Group has launched a three-year action to revitalize textile machinery, striving to improve the core competitiveness of the textile machinery industry and ensure the safety of the supply chain of the textile machinery industry by promoting technological innovation projects and product improvement projects through linkage.

At the meeting, a licensing ceremony was held for the China Textile Industry Federation to build the “Advanced Textile Machinery Innovation Consortium” based on China Hengtian. Sun Ruizhe stated that both sides will jointly organize and promote the construction of innovative consortium organizational models and operational mechanisms, and carry out collaborative research. Next, the China Textile Industry Federation will continue to guide and support China Hengtian to leverage its advantages, integrate upstream and downstream resources in the industrial chain, focus on solving the “bottleneck” technology, and improve the overall level of the textile machinery industry. (End)

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