Italian textile machinery will be presented at two seminars

ACIMIT, the Association of Italian Textile Machinery Manufacturers, and the Italian Institute for Foreign Trade, will organize two technological seminars in Pakistan. The two events will take place in Karachi (March 14th) and Lahore (March 17th).

The following 7 leading Italian manufacturers of textile machinery will present their latest technology developments at the Pakistani textile companies: Loris Bellini, Comez Gestioni, Corino Macchine, Jaeggli Meccanotessile, Mario Crosta, Roj, Simet.

For 2010 Pakistan confirms itself as one of the major destination for Italian exports of textile machinery. In January-October 2010 Italian sales in the Pakistani market totalled a value of Euro 35.5 million (+228% on the same period of the previous year). Among the Asian markets Pakistan is the third one, only behind China and India.

Italian sales in Pakistan for the first ten months of 2010 are divided into spinning (44% of the total), finishing (22%), weaving (15%), accessories (13%) and knitting (6%).

These technological seminars fall into the many initiatives already carried out as part of the ongoing promotional activities organized by ACIMIT and Italian Institute for Foreign Trade over the years in Pakistan. The promotional activities include training courses organized in Italy for Pakistani textile operators and technological seminars occurring in the Country.

Original Source: Italian textile machinery will be presented at two seminars @ Fibre2fashion.com

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Recovery for textile machinery slows, but doesn’t stop

Over the third quarter of 2010, orders for Italy’s textile machinery manufacturers slowed their course somewhat, following the steady recovery under way during the year’s first two quarters.

According to economic trend surveys conducted by ACIMIT (the Association of Italian Textile Machinery Manufacturers), orders of textile machinery for both the domestic and foreign markets appear to have dropped off compared to the previous quarter (-17% and –2% respectively). The total value generated is 152.7, a 4% decrease with respect to the second quarter, but remains nonetheless higher than values recorded in 2009.

The race to attain order placements matching pre-crisis levels thus appears to have been momentarily put on hold this past quarter. Abroad, the slowdown effectively seems to be just a pause, following strong growth in orders recorded between end of 2009 and the first few months of 2010.

“The worst of the crisis is now behind us - declares Salmoiraghi, the President of ACIMIT- but there’s still a great deal of uncertainty for the future. The euro’s continued strength and higher prices for raw materials are obviously worrisome signs for manufacturers, and especially for exporters, as is the case for companies in our sector”.

Original Source: Recovery for textile machinery slows, but doesn’t stop @ Fibre2fashion

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Orders of textile machinery grows - ACIMIT

Orders for Italian textile machinery grew over the second quarter of 2010, which closed with an overall index of 159.5 points for the period from April/June, amounting to a 35% increase compared to the previous quarter.

In market terms, the orders index processed by ACIMIT, the Association of Italian Textile Machinery Manufacturers, indicates a 40% increase abroad and a 5% increase in Italy.

Commenting on the data, Sandro Salmoiraghi, President of ACIMIT, stated that “the growth in orders is a satisfying element, but the recovery has more or less equally rewarded other machinery manufacturing Countries as well, so that competition on international markets is even fiercer than in the past.”

Forecasts for the third quarter of 2010 provided by producers indicate an essentially stable situation in all segments for Italy’s domestic market. More consistent signs of optimism are coming from foreign sales.

“The orders coming in over the next three months” affirms Salmoiraghi “will be decisive in understanding whether the recovery marks a real reversal of trends.”

ACIMIT (Association of Italian Textile Machinery Manufacturers) is a private national body that gathers Italian textile machinery companies producing more than 80% of the entire Italian textile machinery production, and some associated members (consortia, technical schools, technical magazines, research centres).

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