Orders for Italian textile machinery sector up in Q4

Orders for Italian textile machinery manufacturers were on the rise again during the last quarter of 2011 after two quarters of fall down. The results were gathered by the quarterly survey conducted by The Association of Italian Textile Machinery Manufacturers (ACIMIT).

Overall orders for the period from October to December 2011 rose up 28% over the previous quarter, at a value of 90.2 points. The most significant increase regarded orders in foreign markets (+32%), whereas on the domestic market orders were up 15%.
“We’re still far from the levels achieved in 2010,” comments Sandro Salmoiraghi, President of ACIMIT, “but this recovery, compared to the mid months of 2011, confirms the dynamic nature of our manufacturers.”

“Despite the current difficult conditions in global markets,” Salmoiraghi says “our manufacturers have managed to catch the business opportunities available in major foreign markets, especially China, Turkey and India, as well as the United States and Brazil.”

The situation on the domestic market remains more difficult to resolve, however. The revival in investments recorded over the past three months is certainly a positive sign, but the gap remains large with current trends abroad.

The expectations of Italian machinery manufacturers for the first quarter of 2012 remain cautious, above all regarding the domestic market. “Economic uncertainty, combined with increased difficulties due to the danger of a credit crunch, are stopping investments of our Italian customers,” ACIMIT’s President concludes.

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Textile Machinery Sector Faces Economic Context

Following several quarters of sustained recovery compared to the minimum levels recorded during the two-year period from 2008-09, Italy’s textile machinery industry has seen a slowdown in new orders.

This downturn, already apparent in the year’s second quarter, was stressed during the summer period from July to September, as illustrated by the economic survey conducted by Association of Italian Textile Machinery Manufacturers - ACIMIT’s research department.

The overall index of orders for the year’s third quarter shows a 45% decrease compared to the previous period, stopping at a value of 70.8 points. The greatest drop was recorded for exports, where the index registered 75.3 points (-46%). On the domestic market, orders fell by 39%, for a value of 60.4 points.

The economic context will remain uncertain over the coming months. Economic growth at a global level is slackening off, and this is also occurring in emerging markets with a greater demand for textile machinery. For both the domestic and export markets, the majority of manufacturers estimate that the fourth quarter of 2011 will, on the whole, bring in a stable flow of orders, compared to the three previous months.

However, regarding export markets, and in spite of the positive signs at the recent ITMA trade fair, the percentage of companies forecasting increased orders is greater than those which foresee increases in the domestic market (34% compared to 13%).

ACIMIT (the Association of Italian Textile Machinery Manufacturers) is a private non-profit making body and its main purpose consists in promoting the Italian textile machinery sector and in supporting its activity, mainly abroad, through the most updated and innovative promotional means, constantly improved during its more than 60 years of life.

Association of Italian Textile Machinery Manufacturers - ACIMIT

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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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