Italy, with its high-tech and eco-friendly manufacturers, is one of the most important players in the textile machinery industry.
Italy is famous for its signature foods, tourism, sports and of course fashion. And quality distinguishes Italy from others in all these aspects. And so is the Italian textile machinery manufacturing sector. As the machine industry grew primarily to support the Italian fashion industry. Maria Ludovica Murazzani, Commercial Consul of Italy in Shanghai was telling this in the press conference of Italian Textile Machinery Association, ACIMIT.
Later on in the speech of Alessandro Zucchi, President, ACIMIT added the perspective of creativity in the Italian textile manufacturing companies and concluded that because of this beautiful combination of creativity in quality the textile machinery industry of Italy never diminished.
Zucchi added that most people had anticipated in 1980 that most of the Italian machinery companies won’t survive as most of them are small in size. But today in 2018 about 98% of them not only have survived they are developing them every day. To Zucchi the reason it was possible because of the flexibility of being small and creative.
As most of the companies are family owned they had passion and experience behind and they never left the business or sold that out, rather they continued to show their creativity in evolving. He added that today though we are selling machinery at 18% less price than what we sold in 2002. But still, Italian companies are evolving.
Italian machinery sector not only survived severe competition and price they also brought many innovations in the sector. Maria mentioned that the Italian government has set up a clear vision for Industry 4.0 and Italian companies are making significant progress in this by the legal and others support from the Italian government. Alessandro Zucchi further confirmed it and declared that many of those amazing developments will be showcased for the first time in upcoming ITMA 2019 to be held in Barcelona.
132 Italian companies have been exhibiting at the ITMA ASIA+CITME 2018 being held from October 15 to 19 in Shanghai. Italian participation has increased by 16% from 2016 and occupying space also increased by 7%. The total exhibition surface area has occupied by Italian businesses amounts to roughly 6,300 square meters, placing Italy among the main exhibiting nation after China and Germany.
Italian textile machinery industry is of 2.9 billion Euro among which 2.4 billion Euro is of export. And this has made Italian industry to occupy 12% of the global market share. About 74% of the Italian machinery manufacturing companies have yearly revenue of less than 10 million Euro. Meaning most of them are in small in size. And that’s why Alessandro Zucchi has mentioned it as a beauty of being small delivering creativity and quality.
Asian countries, 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 to China. Other major export destinations for Italian machinery manufacturers in Asia include India, Bangladesh, and Pakistan. Bangladesh is the fifth largest importer of Italian textile machinery in the world.
Italy, with its high-tech and eco-friendly manufacturers, is one of the most important players in the textile machinery industry. Italian high-quality machines will foster China textile industry’s quality and will provide environmental conservation – explain Massimiliano Tremiterra, Italian Trade Commissioner in Shanghai. China is implementing policies for the reduction of carbon emissions with new measures for low carbon economy, low energy consumption, low-pollution, one of the future choices in economic development. For that reason, we think that the Italian textile machines eco-friendly technology, and should be appropriate with Chinese policies.