The economic downturn in the countries of the European Union and its impact on major Asian textile and clothing exporting nations has taken its toll on textile machinery producers across the globe. Sales and exports have either stagnated or even in some cases fallen down. Textile machinery producers in Italy are no exception. As per data made availiable to fibre2fashion, Italian exports of textile machinery fell 10 percent in the first four months of 2012 to €538 million from €600 million in the corresponding period of 2011.
The economic downturn in the countries of the European Union and its impact on major Asian textile and clothing exporting nations has taken its toll#
"The economic slowdown in many leading Western markets has raised widespread concerns in the minds of textile companies in emerging countries, which has led to a slowdown in new investment plans, says, Mr Sandro Salmoiraghi, President of Association of Italian Textile Machinery Manufacturers (ACIMIT).
The economic downturn in the countries of the European Union and its impact on major Asian textile and clothing exporting nations has taken its toll#
However he is very optimistic about the rest of 2012. He says, "Many Italian textile machinery manufacturers had positive feedbacks from the last edition of ITMA Asia held in Shanghai in June.
The economic downturn in the countries of the European Union and its impact on major Asian textile and clothing exporting nations has taken its toll#
"We are in the process of verifying whether business confidence has increased in the form of additional orders for textile machines. In 2011, Italian textile machinery production increased by 10% over 2010. This year we would be glad to keep the same growth levels."
The economic downturn in the countries of the European Union and its impact on major Asian textile and clothing exporting nations has taken its toll#
Revealing the steps, the industry is taking towards introducing sustainable and efficient technologies, Mr Sandro said, "Today the requests which come from the textile industry, refer to cost-saving and more efficient production technologies, which also pays attention to the environmental impact too.
The economic downturn in the countries of the European Union and its impact on major Asian textile and clothing exporting nations has taken its toll#
"Italian textile machinery companies are working towards providing technology solutions that place emphasis on reduced consumption in energy, water and chemical products and that is more responsible and mindful of consumption, while respecting the environment.
The economic downturn in the countries of the European Union and its impact on major Asian textile and clothing exporting nations has taken its toll#
"Within this context, ACIMIT has launched the "Sustainable Technologies" project. Recently "Sustainable Technologies" project took yet another important step forward in its development, obtaining a certificate of conformity for the ACIMIT green label from an international certification body - RINA. This initiative is a further proof of the commitment of our companies to search new solutions for their customers' needs".
The economic downturn in the countries of the European Union and its impact on major Asian textile and clothing exporting nations has taken its toll#
Fibre2fashion News Desk - India
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