Actual News from ITMA Asia + CITME – Italian Textile Machinery (continued)

Italian Textile Machinery sector presents latest technology developments in Shanghai

At ITMA Asia + CITME, once more Italian technology will be playing a major role, featuring innovative and sustainable solutions

Around 130 Italian companies will be exhibiting at ITMA ASIA+CITME 2018, from October 15 – 19 in Shanghai, China. Of these, 63 manufacturers will be 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 6300 square metres, 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.

“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,” confirms ACIMIT President Alessandro Zucchi. “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.

Italy, with its high-tech and eco-friendly manufacturers, is one of the most important player 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 the economic development. For that reason, we think Italian textile machines eco-friendly technology, should be appropriate with Chinese policies. In Eastern China, there are the top three Provinces for textile and garment industry: Zhejiang, Jiangsu, and Fujian, that along with the Provinces Guangdong and Shandong reach around 80% of the industry’s production capability. –– Italy remains one of the leading suppliers of textile machinery in China: for cleaning, dyeing and finishing machines, knitting, stitch-bond, lace and auxiliary machinery.

ACIMIT will be present at ITMA ASIA + CITME 2018 at the INDUSTRY INFORMATION HUB – Association Village (Hall 1, Booth F58).

ACIMIT represents an industrial sector that comprises roughly 300 manufacturers (employing around 12000 people), which produce machinery for an overall worth of around EUR 2.9 billion (including laundry machines), of which 84 % are exported. Creativity, sustainable technology, reliability and quality are the hallmarks that have made Italian textile machinery worldwide leaders.

ITA – Italian Trade Agency

ITA is the Italian government agency which promotes the internationalization of Italian companies, in line with the strategies of the Ministry for Economic Development. ITA provides information, support, and advice to Italian and foreign businesses in order to assist them in developing, facilitating and promoting Italian economic and trade relations with foreign Countries, focusing on the needs of the SME, their sector associations and partnerships.

ITA operates worldwide from a large network of Trade Promotion Offices linked to Italian embassies and consulates, working closely with local authorities and businesses. ITA provides information, support, and consultancy to Italian companies on foreign markets, promoting and fostering export and cooperation in all areas – capital goods, consumer goods and services – with the ultimate aim of enhancing and boosting their presence on international markets.

ITA also helps Italian and foreign businesses connect with each other, by providing a wide range of services overseas: identification of possible business partners; bilateral trade meetings with Italian companies, trade delegation visits to Italy; official participation in local trade fairs and exhibitions; forums and seminars with Italian experts.

The Italian Trade Agency – ITA has been in the People’s Republic of China for more then 50 years now, with four offices respectively in Beijing, Shanghai, Canton, Hong Kong, organizing hundreds of promotional activities every year to enhance trade relationships between China and Italy.

www.acimit.it