ACIMIT Reports Increased Textile Machinery Orders In Second Quarter 2010

The Association of Italian Textile Machinery Manufacturers (ACIMIT), Milan, reports that Italian
textile machinery orders for the second quarter of 2010 increased 35 percent over the first
quarter. The orders index, which closed at 159.9 points for the April/June period, represents a
40-percent international increase and a 5-percent domestic increase.

ACIMIT reports that producers’ forecasts for the third quarter of 2010 signify a stable
situation in all domestic market areas, and foreign sales are indicating a steady optimism. 

 “The growth in orders is a satisfying element, but the recovery has more or less
equally rewarded other machinery manufacturing countries as well, so that competition on
international markets is even fiercer than in the past,” said Sandro Salmoiraghi, president,
ACIMIT. “The orders coming in over the next three months will be decisive in understanding whether
the recovery marks a real reversal of trends.”

September 28, 2010