Deborah Minister Giorgi said the textile industry routed to a new year record production, because the total of the first quarter of 2011 marks an increase of 13.1 percent over the same period last year.
A survey by the Foundation Pro Knit indicated that 60% of companies planning to increase its sales this year, half of them make productive investments and 47% of firms that export sales will increase abroad during 2011. "The textile industry reached record levels of production, exports and counting and growing investment projects, which shows that for this production model started in 2003, no viable sectors: while '90 that destroyed businesses and jobs, today we have a strong textile industry, which is growing steadily, with productions that add value and provide quality national and Argentine design "Giorgi said. The textile is presented as one of the most dynamic sectors in the loans of the Bicentennial Fund (which finances productive investment to a fixed annual rate of 9.9% in pesos), which has so far approved 9 projects for $ 410 million that will generate about 550 jobs will increase exports from 185 million pesos a year and replace imports by 40 million. Additionally, there are 4 projects under evaluation by $ 30 million which create 80 jobs over.
The companies are located in the city and province of Buenos Aires, La Rioja, Corrientes and San Juan, and primarily seek to expand and / or build manufacturing plants, machinery and technology to incorporate and develop new products with added value.
The survey conducted annually by the Pro Knit regarding the activity of the textile industry, said that 60% of the companies that make up the value chain of textile and clothing industry in Argentina plans to increase its sales in 2011.
The main reason, say the businessmen, will be the growth in demand for their product.
also 37.2% of companies plan to add new staff to their companies and 44.7% plan to make new investments motivated by the quest to improve the market position, the reinvestment of profits, by increasing domestic demand and exports expected and positive expectations about the economy.
More than half of the investments planned for 2011 will be new, while the remainder is divided between investments that are already running from earlier periods and mixed.
Moreover, 46.9% of the textile exporters estimate that will increase their sales abroad, and most think he'll do over 10% and 37.2% the companies plan to add new staff.
sector growth
The textile industry reached in 2002 to reduce the activity to a record low and then from the policies promoted by the national government began a new phase of growth, with a cumulative expansion almost 150% between 2003 and 2010.
"The textile industry is a sector witnessed the success of the production model launched in 2003," Giorgi said, explaining that "employers have a strong market, which is also preserved in the opening naive and unfair competition, the response to more productive investments that are generating national work. "
In 2010 the sector recorded investments of around 850 million dollars and exported more than $ 530 million, increasing the share of foreign sales in total industry revenue, thus showing their increased competitiveness.
Thus, while in the period 1993-2000 the share of textile exports in total turnover for the sector was 6% in the 03-08 period was 17%.
addition, the textile sector was one of the biggest beneficiaries of state programs in 2010 the industry received 14% of subsidies.
Source: Terra Argentina
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