ACIMIT Looks To Asia
Strong business in Asia gives Italian machinery manufacturers hope.
TW Special Report
"The European situation is still difficult," said Alberto Sacchi, Ph.D., chairman, ACIMIT. "In the main European markets and in the United States, there are no signs of recovery in investments in the textile sector, which is going through a tough period, as we can see from the Italian situation."
Compared to the first half of 2003, Italian sales in Iran have risen by 290 percent, in Pakistan by 26 percent and in Syria by 25 percent. Sales in India also have risen.
"In the Asian area, the textile industry continues to grow, albeit with highs and lows and the self-evident differences between the various countries," Sacchi said. "This is a comforting sign, especially when we consider the start of 2004, and leads us to hope for a more widespread recovery from as early as next year."