Italy's exports of textile machinery increased 9 per cent for the first quarter of this year compared to 2013. Sale of Italian machinery is still declining in China and India but growth has been recorded in other primary export markets like Turkey, United States and Bangladesh.
According to ACIMIT, the Association of Italian Textile Machinery Manufacturers, textile machinery orders index for the second quarter of 2014 has recorded a 6 per cent increase compared to the previous quarter. ACIMIT is a private non-profit body and its main purpose is to promote the Italian textile machinery sector and in supporting its activity, mainly abroad. In order to do that, ACIMIT provides information on the activity of the producers and organises a wide range of promotional activities, often in collaboration with the Italian Trade Commission.
Another major aim of the association is to inform its member companies about commercial, financial and technical problems in different markets to facilitate market entry. The group is confident that ITMA, the industry’s premier trade event, to be held in Milan from November 12 to 19, 2015, will kick-start growth for the entire sector. A total of 336 Italian machinery manufacturers have already confirmed their participation for ITMA 2015.