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Italian textile machinery orders surge in 2017
09
Feb '18
Italian textile machinery orders surge in 2017
The orders index for textile machinery compiled by ACIMIT, the Association of Italian Textile Machinery Manufacturers, registered an average increase of 18 per cent in 2017, compared to the previous year. While domestic orders were up significantly by 36 per cent, foreign markets also registered an increase of 16 per cent in orders for the entire year.
 
For the period from October to December 2017, the orders index rose by 29 per cent compared to the same period for the previous year. The index value stood at 120.9 points (basis: 100 in 2010). For export markets, the index registered an absolute value of 128 points (+23 per cent), while for the domestic market in Italy, the increase was 72 per cent compared to the period from October to December 2016, for absolute value of 94.5 points.
 
“The orders index for 2017 confirms that our sector is in good health, with a production trend that has been growing since 2015,” commented ACIMIT president Alessandro Zucchi.
 
“The textile sector is currently constrained, more than ever before, to attentively look into the applications offered by Industry 4.0. Demand in the industry is evolving continuously, and the concept of time-to-market is taken to extremes, so that the required production processes must be just as fast and interconnected to meet the demands of end consumers. Nonetheless, it would have been difficult to imagine such a significant leverage effect from the 4.0 incentives,” he added.
 
ACIMIT represents around 300 manufacturers who cumulatively produce machinery valued at €2.7 billion, with exports amounting to more than 85 per cent of total sales. (RKS)

Fibre2Fashion News Desk – India


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