Italy's machinery production to top $5.5 billion

Published: December 19, 2012 6:00 am ET

Related to this story

Topics Machinery
Companies & Associations

ASSAGO, ITALY (Dec. 19, 11:30 a.m. ET) — Italian plastics and rubber machinery makers expect to produce 4.2 billion euros ($5.5 billion) in equipment this year, with exports of 2.6 billion euros ($3.45 billion), according to the country’s machinery association Assocomaplast.

The association examined imports and exports from the first nine months of the year and found that exports increased 9 percentage points, while imports increased 2 percent. Compared to 2010-2011, the balance of trade for the sector increased 11 percent to 1.41 billion euros ($1.5 billion).

Europe is still the top export destination, accounting for 60 percent of the total, which is 11 percent more than in the January-September 2011 period. This market includes Russia, which recorded a 26 percent increase in imports from Italy.

North America is the second biggest export market for Italian machinery producers, with an 18 percent share of the total.

However, exports to India, Brazil, Morocco, Egypt and the Middle East all declined during the first nine months of the year.


Comments

Italy's machinery production to top $5.5 billion

Published: December 19, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Milacron restructuring Uniloy manufacturing in Europe

April 17, 2015 2:16 pm ET

Milacron LLC plans to consolidate manufacturing of Uniloy blow molding equipment in Europe into its new facility in the Czech Republic city of...    More

Image

Reifenhäuser acquires German spinneret company Enka Tecnica

April 17, 2015 9:31 am ET

Germany-based Reifenhäuser GmbH & Co. KG, a major manufacturer of extrusion equipment, has announced that it is acquiring Enka Tecnica GmbH, a German ...    More

Image

Madison buys Ferry Industries

April 16, 2015 5:22 pm ET

Ferry Industries, the largest manufacturer of rotational molding machinery, was purchased by Madison Industries, a Chicago holding company that is...    More

Image

Uway beginning US extruder production June 1 in Ohio

April 15, 2015 3:28 pm ET

Uway Extrusion LLC, a 4-year-old company that builds extruders in China using components from the United States and Europe, will begin U.S....    More

Image

Rajoo eyes South American growth along with global JVs

April 14, 2015 10:52 am ET

Rajoo Engineers Ltd. is one of India's more diverse plastics machinery companies, manufacturing equipment for blown film, pipes, thermoforming, sheet ...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events