Home Textile Italian textile machinery sector showcases its latest technology developments at ITMA Asia...

Italian textile machinery sector showcases its latest technology developments at ITMA Asia + CITME in Shanghai

101
SHARE

Around 130 Italian companies are exhibiting at the upcoming ITMA ASIA+CITME 2018, from October 15 to 19 in Shanghai. Of these, 63 manufacturers are presenting their technology offerings within National Sector Groups organized by ACIMIT, the Italian Association of Textile Machinery Manufacturers, and the ICE-Agency. The total exhibition surface area occupied by Italian businesses amounts to roughly 6,300 square meters, placing Italy among the main exhibiting nations at the event.

Asia, and China in particular, represent the primary foreign markets for Italian machinery manufacturers in the sector. Over the first half of 2018, fully 46% of Italian exports of textile machinery was destined for Asia, compared to 37% for European Countries, and 12% to the Americas. The Chinese market is the main destination for Italian exports, with a 16% share of the total. Over the first six months of the current year, the value of exports amounted to 156 million euros (-8% compared to the first half of 2017). Other major export destinations for Italian machinery manufacturers in Asia include India, Bangladesh and Pakistan.

Mr Alessandro Zucchi, ACIMIT Presdient confirms, “Prospects for the Chinese market remain positive, in spite of the fact that the demand for foreign machinery from local textile manufacturers for this first half of the year has been rather slow. The trust our machinery manufacturers have placed in China is abundantly apparent in the large number of Italian exhibitors present in Shanghai. Italy is among the most highly ranked foreign Countries in terms of the number of exhibiting companies.”

The demand for machinery in China is focused primarily on technologies capable of combining savings in production costs with environmental sustainability. China’s textile industry is just as sensitive to innovative solutions that can respond to the market’s changing demands; i.e. fast time-to-market and just-in-time production. “I believe that in order to enhance competitiveness at an international level textile manufacturers in China, just as in other Countries, must target the digitalization of production processes, aiming for sustainability in the technological solutions they adopt,” concludes Zucchi.