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'Global textile machinery market may grow at 14% by 2020'

Oct '18
Courtesy: Mario Crosta
Courtesy: Mario Crosta
Analysts have predicted that the global textile machinery market may grow at about 11-14 per cent by 2020, said the head of Mario Crosta, an Italian firm which is a leader in design and production of machinery and plants for dry finishing. Countries like China, Italy, Germany and Switzerland export finishing machines worth about €580-600 million every year.

“Our competency is a mix of tradition and newest technology application. We are recognised in the market for our high degree of heavy-duty machinery and the longevity and low maintenance of our machines. For more than 93 years, we have been in the first line in the development of new technologies to be applied to our production machines,” Marco Crosta, the owner of the company told Fibre2Fashion in an exclusive interview.

Mario Crosta manufactures all of its machines in its two factories located in Busto Arsizio, close to Milan. All of its suppliers are also Italian.

Talking about the major challenges faced by the Italian textile machinery manufacturers, Crosta said, “Big difficulties come from our Italian system, which is not helping small and medium enterprises to be in the global market, at least at the same level as the competitor countries are in. We have always faced competition from countries such as China, India, Korea and Taiwan, which offer low-priced products to the market.”

The company’s future plans include developing its service network, developing technology for better and efficient output and investing in Industry 4.0. (KD)

Click here to read the complete interview.

Fibre2Fashion News Desk – India

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