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Positive 2006 for textile machinery industry

Jul '07
At ACIMIT's annual assembly, figures for 2006 for Italy's textile machinery industry were presented, and at the round table discussion which followed, Michele Tronconi (EURATEX) and Ted Roberts (CEMATEX) unanimously expressed the need for Europe's textile and textile machinery sectors to enact a common strategy to make the European industry still more competitive.

Exports remained the fundamental key to growth for machinery production in the textile industry, even in 2006, with a recovery of domestic market.

According to the data presented by ACIMIT, issued at the annual assembly held on June 26th, the Italian textile machinery industry closed the year 2006 in positive figures with revenues of Euro 2.7 billion (+5% compared to 2005), fully 78% of which were realized abroad, for a value in exports exceeding Euro 2 billion (+4% with respect to the previous year).

China, India and Turkey remain the major markets for Italy's textile machinery industry. Italian manufacturers have especially increased their sales to China and India; specifically on the Indian market, exports grew by 43% compared to the previous year.

Italian exports also benefited from a recovery in investments in various Asian markets (Indonesia and South Korea), and from markets which have been experiencing a phase of consolidation in recent years (i.e. Bangladesh).

In other geographical areas, business opportunities still appear somewhat reduced. 2006 confirmed a decreased demand from Turkey. The climate of stagnation persists on the major EU markets, even though signs of a possible recovery did appear over the course of the year.

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