Home / Knowledge / News / Textiles / Exports boost Italian textile machinery Q4 orders
Exports boost Italian textile machinery Q4 orders
15
Feb '16
In the last quarter of 2015, Italian textile machinery manufactures received a boost from their export markets, but in domestic markets, positive order trends received a setback.

As per an Association of Italian Textile Machinery Manufacturers (ACIMIT) press release, the orders index for textile machinery grew during the fourth quarter of 2015, mainly due to a boost in exports.

Based on the survey conducted by ACIMIT, during October-December 2015, the order intake for machinery manufacturers rose by 2 per cent compared to the same period of previous year.

“The value of the index for October-December 2015 stood at 89.1 points as against a 2010 basis of 100 points,” ACIMIT said.

However, growth was observed in foreign markets only, where the index registered an absolute value of 99.3 points or 3 per cent.

“In Italy, the index had an absolute value of just 46.5 points, an 11 per cent drop over the same quarter for 2014, bucking the trend of the previous two quarters,” the trade body added.

Raffaella Carabelli, president of ACIMIT said, “2015 has closed well overall in terms of orders, with a growing sense of confidence for 2016.”

“This is a positive result that may be further strengthened over the first half of 2016 if the numerous contacts made at ITMA 2015 materialise,” she added.

“As for the domestic market, we weren't expecting this sort of setback after two positive quarters, however, ITMA has confirmed the many signs of recovery, even for Italy,” Carabelli stated.

“We witnessed a recovery in the Chinese market for the second half of 2015 and generally speaking, Asian markets like India, Bangladesh, Pakistan and Vietnam account for growth in our sales,” Carabelli noted.

Meanwhile, ACIMIT informed that, Italian export figures, updated to the first ten months of 2015, confirm the current positive trend in orders.

In 2016, with the support of the Ministry of Economic Development and Italian Trade Agency, ACIMIT aims to further push its internationalisation efforts.

Around twenty countries or markets will be touched by promotional initiatives favouring the penetration of Italy's textile machinery sector.

Among these are projects in Sub-Saharan Africa and Iran, areas which, Italian businesses are approaching for the first time or after years of partial closure. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Indian govt relaxes cabotage rule for cotton transport

Textiles | On 25th May 2018

Indian govt relaxes cabotage rule for cotton transport

The Government of India has relaxed cabotage rules for transportation ...

Courtesy: Teejay Lanka

Textiles | On 25th May 2018

Teejay Lanka doubles production capacity at Indian mill

Teejay Lanka, one of Sri Lanka’s largest textile manufacturers, has...

Courtesy: Messe Frankfurt/Yarn Expo Autumn edition

Textiles | On 25th May 2018

Yarn Expo Autumn 2018 scheduled earlier

Over 500 exhibitors are expected at the Yarn Expo Autumn 2018, being...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search