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Demand for Italian textile machinery rises

The second quarter of this year has seen a rise in orders for Italian textile machinery. Raffaella Carabelli, President of ACIMIT said that orders have gone up in the domestic market and there is optimism about ITMA 2015 and Iran market.

The Association of Italian Textile Machinery Manufacturers recorded a 15 per cent rise in orders over the same period in 2014 for the second quarter of 2015. The value of the orders index for this period amounts to 99.4 points. In foreign markets too, orders have risen, growing for the fourth consecutive year (+21 per cent over the same quarter for 2014). Italy is showing signs of recovery with domestic orders rising seven per cent against the same period last year.

Carabelli stated incentives implemented by the government, in all likelihood, might have been the reason for this recovery. The rest, he says, was achieved because the healthy situation of various sectors downstream. ACIMIT sources say that for many years, Iran was a benchmark for Italy’s textile machinery industry. The flow of machinery exports towards Iran was halted effectively by international sanctions in the process penalising many Italian manufacturers.

Recovery of investments in Iran’s textile technology by Italy’s textile sector seems a possibility now after the recent nuclear agreement. The negative trend for Italian exports halted last year. Sales of Italian textile machinery grew 170 pr cent compared to 2013, amounting to EUR 14 million.

 
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