ACIMIT: Vietnam — Italian Textile Machinery Front Row Center At Saigontex

MILAN, Italy — February 2016 — Vietnam has by now become a major market for textile machinery manufacturers. Having emerged as an important manufacturing hub for the garments sector, thanks to low labour costs, the Country has now received a further boost for developing its textile industry, through the free trade agreements recently signed with the European Union and United States.

“In the face of these new scenarios,” explains Raffaella Carabelli, president of ACIMIT, the Association of Italian Textile Machinery Manufacturers, “we’re expecting over the medium term a strong boost in demand for textile machinery by Vietnamese textile manufacturers.”

Vietnam already ranks 8th among export markets for Italian textile machinery companies, with exports to Vietnam over the first nine months of 2015 reaching 31 million euros, a 53% increase compared to the same period for 2014. Among the products most in demand are finishing/ennobling and spinning machinery.

The true litmus test for the actual growth of the Vietnamese textile industry will be the upcoming Saigontex, to be held in Hochiminh City from 30 March to 2 April 2016. The common exhibition area organized by the Italian Trade Agency for the promotion abroad and internationalization of Italian businesses, and by ACIMIT, the Association of Italian Textile Machinery Manufacturers, will host the following 12 machinery manufacturers, all ACIMIT associated members: A. Piovan, Beta Machinery, Carù, Fadis, Ferraro, JK Group, Mei, Pozzi Leopoldo, Pugi Group, Ratti, Rollmac, Tonello.

Posted February 15, 2016

Source: ACIMIT