Italian Textile Machinery Makers Report Turnaround In 2006

Preliminary data provided by the
Association of Italian Textile Machinery Manufacturers (ACIMIT), Milan, show the Italian textile
machinery industry experienced a recovery in 2006, reversing the negative trend of previous years.
ACIMIT reported the value of machinery produced increased over the 2005 value by 4 percent, to
2,650 million euros; and the value of exports was 3 percent higher, at 2,100 million euros. The
value of machinery delivered to Italian textile manufacturers was 9 percent higher than in 2005.

Approximately 30 percent of the exports went to textile manufacturers in China and India.
Sales also increased to Latin America and Africa, ACIMIT reported.

“It is obvious that these preliminary
balance figures need still to be confirmed by definitive results and have to be considered as the
starting point of a development course which should be consolidated during the current year and in
the years to come,” said Paolo Banfi, president, ACIMIT. “Only in this way we shall be able to
consider as concluded the shake-up phase of the sector and can feel confident about the

March/April 2007