Interviews
Textile machinery industry exports 77% of production
08 Apr '08
3 min read
In any case, 2007 was also marked by a recovery for some of Europe's major export markets (Germany, France and Switzerland), and positive growth figures in other traditional markets for Italy's textile machinery industry, such as Brazil and Iran.
The greatest source of concern for Italian machinery manufacturers regards the Euro's appreciation against the US dollar. “Italy's dependence on exports in the sector,” explains Paulo Banfi, “has penalized almost all of our machinery manufacturers, who are committed to foreign markets for a large part of their overall production.
At the Euro's current levels, it will be difficult to remain competitive for very much longer internationally, despite the fact that the quality of our Made in Italy products remains undisputed and is highly regarded by all our customers.
What's needed then,” concludes ACIMIT's President, “is a clear commitment by monetary authorities in support of the demands of many European manufacturers, implementing the necessary course of action for slowing the rise of Europe's currency.”
The greatest source of concern for Italian machinery manufacturers regards the Euro's appreciation against the US dollar. “Italy's dependence on exports in the sector,” explains Paulo Banfi, “has penalized almost all of our machinery manufacturers, who are committed to foreign markets for a large part of their overall production.
At the Euro's current levels, it will be difficult to remain competitive for very much longer internationally, despite the fact that the quality of our Made in Italy products remains undisputed and is highly regarded by all our customers.
What's needed then,” concludes ACIMIT's President, “is a clear commitment by monetary authorities in support of the demands of many European manufacturers, implementing the necessary course of action for slowing the rise of Europe's currency.”
ACIMIT
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