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China & India account for big chunk of Italian machinery sales
01
Jul '10
"China International Textile Machinery Exhibition & ITMA Asia Exhibition" was held on June 22-26 in Shanghai in which 110 Italian textile machinery manufacturers and exhibitors set up an Italian National Pavilion.

President of the Italian Textile Machinery Industry Association Sandro Salmoiraghi said that the exhibitors are the best companies from within the Italian textile machinery industry. Italian textile machinery industry employs about 14,000 people.

Exports account for nearly 80 percent of total industrial revenue, of which, half are from Asia. 2009 turnover of Italian textile machinery industry was around 1.4 billion euros.

Referring to China, Salmoiraghi said, China is a very important partner of Italian textile machinery. Exports to China from Italian textile machinery industry accounted for 21.5 percent of all shipments totaling to €250 million.

In addition, Indonesia, Thailand, Vietnam, India, Turkmenistan, Iran and other countries have also expanded imports of Italian textile machinery. From data perspective, India comes in second after China, with exports to that country amounting to nearly €100 million.

Fibre2fashion News Desk

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