Home / Knowledge / News / Textiles / Italian textile machinery producers exhibit optimism
Italian textile machinery producers exhibit optimism
29
Jun '15
Although sales of textiles machinery have fallen in 2013 and in 2014, those gathered at the annual general meeting of the Association of Italian Textile Machinery Manufacturers (ACIMIT) showed optimism.

This optimism, according to an ACIMIT press release, comes from the biggest textile machinery show returning to Italy after 20 years and which will be held in November 2015.

“ITMA 2015, the industry’s most important trade fair provides an opportunity to showcase Italian technology and stimulate new investments from the textile sector in Italy and Europe,” it said.

Italian textile machinery production dropped marginally by 1 per cent in 2014 over 2013 to amount to just over €2.3 billion.

After falling the two previous years, exports in 2014 touched the same value as in 2013 at around €1.95 billion, with exports destined to Asia and Europe making up for 81 per cent of overseas shipments.

However, whereas its exports to European markets grew in 2014 compared to the previous year, they actually fell in Asia.

Exports to China which is one of the main export markets of Italian machinery fell by 25 per cent in 2014 as against the previous year, a result of less than expected robust economic growth.

On the other hand, exports to India, Bangladesh and Vietnam were on the rise, and Italian textile machinery manufacturers also did well in Turkey, the US and Iran.

During the current year, the industry stands to benefit from macro economic factors that are making forecasts lean towards a cautious optimism.

However, ACIMIT expects to receive a boost to exports of textile machinery to China, which is one of its biggest export market and also to Europe.

ACIMIT expects ITMA 2015 to be a driving force capable of energising Italian and European investments in the textile industry.

“Our manufacturers are very confident about the event next November,” ACIMIT’s president Raffaella Carabelli said.

“A total of nearly 430 exhibitors at ITMA are from Italy, covering around 31,000 square meters, up 50 per cent over the Barcelona edition and 30 per cent of total exhibition space at ITMA,” Carabelli noted.

“There’s no doubt that within Italy, the textile machinery industry is one of its most important sectors, due to its strong showing in global markets,” Roberto Luongo, general director of Italian Trade Agency said.

“Our textile technologies are considered of a very high qualitative level, which is an element of great pride and satisfaction for us, which urges us to support Italian businesses,” Luongo observed.

“The ITMA trade fair in Milan represents a unique opportunity for Italy’s textile machinery industry, which is why, a project ‘Special ITMA Milano’ has been set up to help numerous manufacturers maximise individual efforts,” he too added. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: American Silk Mills

Textiles | On 18th Oct 2017

Sutlej Textiles adds American Silk Mills to its portfolio

Sutlej Textiles and Industries Ltd (STIL) has announced the...

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search