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Web Exclusive | February 2019

Italian textile machinery: Orders drop

The orders index for textile machinery for the period ranging from October to December 2018, as compiled by ACIMIT, the Association of Italian Textile Machinery Manufacturers, fell compared to the same period for 2017. The index value stood at 101.9 points (basis: 2015 =100).

Orders gathered by Italian machinery builders were thus negative both in Italy and abroad. On the domestic front, the index stood at an absolute value of 148 points, that is, fully 12 per cent less than the same period for October to December 2017. However, foreign markets were even further down at -16 per cent, with the index standing at an absolute value of 98.1 points.

ACIMIT president Alessandro Zucchi commented, “The evolution of the domestic market reflects an overall sense of uncertainty that has accompanied the new national budget legislation, not to mention the comparison with a record fourth quarter for 2017.” Zucchi added that, “On foreign markets, our machinery manufacturers are having to face geopolitical situations that have considerably slowed investments. Turkey, Iran, and even China, all primary markets for our sector, have recorded a drop in demand for textile machinery, for a variety of reasons.”

“Based on preliminary results elaborated by our Association,” concludes ACIMIT’s president, “2018 closed with a downswing both in terms of foreign sales and total production. The overall sentiment for 2019 isn’t very positive either, but the entire sector is putting its trust in ITMA, the primary trade fair for the entire world textile machinery industry, held every four years. This year, the fair will be held in Barcelona from 20 to 26 June. It could very well present an opportunity for a revival of the entire sector.”
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Sodalamuthu and Co. Pvt Ltd      Kirloskar Brothers Ltd      Konica Electronics Enterprise      Kusters Calico Machinery Pvt Ltd      Labelmach      Lakshmi Card Clothing Mfg Co. Pvt Ltd      Lakshmi Machine works Ltd      Loepfe Brothers Ltd (Masterline)      Luwa India Pvt Ltd      MAG Solvics Pvt Ltd      Marvel Gloves Industries      Mayer & Cie. GmbH & Co. KG      Mayur Reeds And Healds Pvt Ltd      MESDAN India Pvt Ltd      Mohler Machine Works Pvt Ltd      Nestling Technologies      Peass Industrial Engineers Pvt Ltd      Perfect Equipment Pvt.Ltd      Picanol N V      Prashant West Point Machinery Pvt. Ltd      Precision Rubber Industries Pvt Ltd      Premier Evolvics Pvt Ltd      Rabatex Industries      Rieter India Pvt Ltd (Novibra)      Rieter India Pvt Ltd (Suessen)      Rieter India Pvt. Ltd      Rieter India Pvt. Ltd      Sabar Machine Tools Mfg. Co.      Savio India Ltd      Savio Texcone (P) Ltd      Schoch Reeds India      Shakti Textile      Sheeba Engineering Co      Skaat Machine Works India Pvt Ltd      Sopromatex (UCMTF)      SRE Corporation      Sri Lakshmi Fire Controls      Stovec Industries Ltd      Sudarshan Gears      Sunrise Industries      Swissmem      Texcoms Textile Solution (E-Products INC)      Texfab Engineers (India) Pvt Ltd      Thies GmbH and Co.      Thymas Electronics Pvt Ltd      Truetzschler India Pvt Ltd      Umargaon Textile Machinery Pvt Ltd      Unitop Aquacare      Vetal Hitech Machines Pvt. Ltd      Voltas Ltd      Weavetech Engineering Pvt Ltd      Yale Synthlube Industries