Russian government to place massive orders for technical textiles

 

The Russian government plans to place massive orders for the production of technical textiles and nonwovens for use in special clothing, as well as defence sector, during the next several years, according to recent statements of Viktor Yevtukhov, Russia’s Deputy Minister of Industry and Trade.
 

Currently, special clothing remains probably the most promising segment of the Russian clothing industry. In addition, there is an ever-growing demand for innovative solutions, based on nonwovens and technical textiles.
 

At present, the production of special clothing in Russia is on the rise. Last year the production volume grew by 33%, compared to 2015.  

 

According to Yevtukhov, the Russian market of special clothing could reach 200 billion rubles (US$ 3,5 billion) during the next several years.
 

The Russian government says it is ready to offer the domestic nonwovens and technical textiles producers stable long-term orders for the manufacture of their products. It is also considering providing additional subsidies to enable producers to pursue further development and production expansion. Currently, the majority of Russian technical textiles and nonwovens producers still experience a shortage of funds.

 

Producers were specifically relying on loans provided by the European Bank of Reconstruction and Development (EBRD), which used to be one of the biggest lenders in the Russian technical textiles sector. But the organisation recently announced it decided not to resume its investment activities in Russia.
 

At the same time, the idea of the Russian government to replace the EU and the US funding by Chinese loans also failed, as the conditions of lending, offered by Chinese bank and financial corporations, were considered by the majority of Russian producers as unacceptable and enslaving. 
 

Many Russian producers also fear the repetition of the situation that happened in the neighbouring Kazakhstan, when the influx of Chinese capital several years ago had resulted in the shift of the majority of Kazakh textiles and technical textiles enterprises under the control of Chinese businesses, including those that had strategical importance for the Kazakh economy.

 

 

15051InnovationInTextiles/MKMA2017

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