The orders index for textile machinery compiled by ACIMIT, the Association of Italian Textile Machinery Manufacturers, rose by 29 per cent for the period from October to December 2017 compared to the same period for the previous year. The index value stood at 120.9 points (basis: 100 in 2010).
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An Italian textile machinery delegation will be on hand at the upcoming African Sourcing & Fashion Week (ASFW), to be held in Addis Ababa (Ethiopia) from 3 to 6 October 2017.
Alessandro Zucchi succeeds Raffaella Carabelli as President of ACIMIT. Alessandro Zucchi has succeeded Raffaella Carabelli following the members’ assembly of ACIMIT, which was held on June 27.
“In India particularly, Italian sales last year amounted to Euro 135 million, a 3 per cent drop compared to 2015,†says ACIMIT President Raffaella Carabelli, who interacted via email with Samuel Joseph, Editor of Indian Textile Journal.
An Italian textile machinery delegation will be on hand at the upcoming multi-industry Addis Chamber International Trade Fair (ACITF), to be held in Addis Ababa from 23 February to 1 March 2017. Ethiopia is an emerging production hub for the global textile and garments industry.
The orders index for Italian textile machinery dropped during the second quarter of 2016 due to negative export figures. According to ACIMIT President Raffaella Carabelli, the drop in machinery exports is due to the ?underlying political uncertainty?.
Despite some reduction in the export of Italian textile machinery to the traditional markets of China, India and Turkey, Italian textile machinery industry is optimistic of the rest of the 2015 and 2016 and is also having a positive outlook on the long-term prospects.