Italy's machinery production to top $5.5 billion

Published: December 19, 2012 6:00 am ET

Related to this story

Topics Machinery

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

2014 US machinery shipments up 6 percent

November 25, 2014 5:17 pm ET

Through the first nine months of 2014 U.S. shipments of primary plastics equipment — for injection molding, blow molding and extrusion —...    More

Image

Globalization brings sizable growth, primarily in Asia

November 25, 2014 1:40 pm ET

In 1990, the year after Plastics News published our first issue, there were 33,000 injection molding machines sold worldwide. Fast forward to 2013,...    More

Image

Taipei Plas vandal and German firm trade lawsuits

November 25, 2014 1:26 pm ET

Taiwan businessman Karma Tang, who splashed red paint at German firm Baumüller GmbH's Taipei Plas booth, is in a messy legal battle.    More

Image

Auxiliary equipment maker Ross expands in India

November 25, 2014 1:12 pm ET

U.S. auxiliary equipment maker Charles Ross & Son Co. is expanding in India, opening a new plant early next year in Pune.    More

Image

Small is beautiful in Nissei's newest press

November 21, 2014 2:14 pm ET

Responding to customer demand for flexibility, Japanese plastics-equipment manufacturer Nissei Plastic Industrial Co. Ltd. is demoing a caster-mounted...    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

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 Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

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

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events