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Related Keywords: AFK Sistema, big potential in domestic technical textiles market, coming years, domestic technical textiles, due to the cheaper energy resources, economic benefits, expanding operations, export of technical textiles, fabrics market, foreign markets, owned by a local billionaire Vladimir Yevtushenkov, Russian financial conglomerate

AFK Sistema, Russian financial conglomerate owned by a local billionaire Vladimir Yevtushenkov, seeing big potential in the domestic technical textiles market is considering expanding its operations in the domestic technical textiles and fabrics market in the coming years, said Mikhail Shamolin, President of AFK Sistema.

Planned volume of investments that could be allocated by Sistema in the Russian technical textiles market is not disclosed at the moment, however, according to some analysts, they may be in the range of US$ 150-200 million at the initial stage.

Related Keywords: after four consecutive periods of growth, China and Turkey, domestic market on the rise, domestic order index jumps, foreign markets, Italian textile machinery, orders appear to fall short, performance lower, world major textile markets

Italian textile machinery after signs of recovery observed during the previous quarter, the domestic market took one more step forward, with a domestic orders index jumping up by 44 percent compared to the same period for 2014. The domestic market is on the rise which is a good omen for ITMA Milan, commented Raffaella Carabelli, President of ACIMIT.