Production Of Textile Machinery In Italy Decreased By 18%

The Machinery Manufacturers Association (ACIMIT) reported that initial estimates at the end of 2008 showed that the total output of textile machinery was 2 billion 285 million euros, a decrease of 18% compared with 2007, while the gap between domestic and export sales narrowed.

China is still a major customer, exporting 249 million euros to China, 25% less than in 2007.

India is the second largest export market, exports to India 110 million euros, or 12%, and Turkey after India, exports to Turkey 85 million euros, or 53%.

Egypt and Bangladesh are the ninth and tenth largest export markets. Orders for textile machinery in these two countries have also seen growth. Germany ranked fifth, the United States ranked sixth, Switzerland ranked eighth, but the orders of these countries were lower than that of 2007.

In addition, orders for 2009 have continued to decline.

The Ministry and the Italy foreign trade association will implement about 25 incentives in 2009, including technical seminars, trade fairs and training courses in the most promising countries and markets of the textile machinery industry.

From suppliers, machine manufacturers and customers to enhance the competitiveness of the entire industry without losing our Know-how capital, including technology and human resources, so far, these capitals have made great contributions to the success of the textile machinery industry and the global manufacturing of Italy.