Home / Knowledge / News / Textiles / Sales of Italian textile machinery up 15% in Q2
Sales of Italian textile machinery up 15% in Q2
30
Jul '15
For the second quarter of 2015, overall orders for Italian textile machinery recorded a 15 per cent increase over the same period of last year.

An Association of Italian Textile Machinery Manufacturers (ACIMIT) press release informed that exports also surged higher at 21 per cent over the same quarter of 2014, marking a fourth consecutive period of growth.

Domestic orders have however, risen slower at 7 per cent in the second quarter of 2015 as against the prior year second quarter, which ACIMIT attributed to sure signs of a recovery.

“Orders for textile machinery for the second quarter of 2015 confirm the positive trend already under way during the first three months of the year,” Raffaella Carabelli, president of ACIMIT.

“Increased orders on the domestic market are an unexpected but welcome development, a good omen for ITMA 2015,” she added.

“This growth for the Italian market is somewhat unexpected and it is highly likely that the incentives implemented by the Government may have contributed to this light recovery in our sector,” she noted.

“The recovery of our domestic market is certainly a good omen for ITMA, where 450 Italian exhibitors will be present or 27 per cent of the total number of companies participating at ITMA,” Carabelli observed.

As for foreign markets, official data from ISTAT confirmed a recovery for the first four months of 2015 year in various textile machinery importing countries.

According to ISTAT data, in the first four months of 2015, exports of textile machinery to India rose 6 per cent over the first quarter of 2014.

“Exports to Bangladesh in the same period zoomed 187 per cent, with EU markets also appearing to show good form,” ACIMIT stated.

“We are waiting for a recovery from China, where investments in machinery are still low compared to a year ago,” Carabelli also stated.

“For years, Iran was a benchmark for Italy's textile machinery industry, but sanctions have effectively halted the flow of machinery exports towards Iran, penalising many Italian manufacturers,” ACIMIT too added.

“The recent agreement on the nuclear issue opens up a window for a recovery in investments by Iran's textile sector, after years in which the process of industry modernisation was slowed by sanctions,” it too noted. (AR)

Fibre2Fashion News Desk - India


Must ReadView All

Textiles | On 23rd Aug 2017

US govt initiates Section 301 investigation of China

The US government has initiated an investigation of China under...

Apparel/Garments | On 23rd Aug 2017

BRC welcomes clarity on goods flow during Brexit

British Retail Consortium (BRC) has welcomed the greater clarity that ...

Textiles | On 23rd Aug 2017

Pakistan minister seeks ideas to boost textile sector

The Pakistani Government will come out with short- and long-term...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Steve Cole
Xerium Technologies

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

Suresh Patel
Sidwin Fabric

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

Prathyusha Garimella
Prathyusha Garimella

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

Tony Ward
Tony Ward

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

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

August 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
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

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
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

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
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

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
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


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