Italian machinery firms hit at home and abroad

David Eldridge
EUROPEAN PLASTICS NEWS

Published: January 3, 2014 12:56 pm ET
Updated: January 3, 2014 12:57 pm ET

Related to this story

Topics Machinery

Assocomaplast, the Italian association for plastic and rubber processing machinery, has issued a preliminary statement on the sector's struggling performance in 2013. The organization said it expects the value of production at Italy's plastic and rubber machinery companies to be just under 4 billion euros in 2013, close to the value in 2012, but it expects growth in 2014.

Official data on foreign trade for January-September 2013 showed a 2.8 percent fall in exports of machinery compared with the same period of 2012. A decline in machinery imports to Italy in 2013 indicates the continuing economic difficulties in the country.

Assocomaplast, nonetheless, showed cautious optimism for 2014, due to early signals of economic strengthening in Italy shown in November figures released by Confindustria Research Centre. It said support for "prudent optimism" also comes from a recent survey of its members, where half the sample reported a recovery in their revenues in the second half of the year compared with the first half. More than 40 percent of respondents reported a positive trend in orders in November, compared both to October 2013 and to November 2012.

"The recent K in Düsseldorf has probably provided a positive impulse here: most of those interviewed confirmed that they had had a high number of quality contacts at the German fair, obviously hoping that many may transform into actual orders," said the association.

Giorgio Colombo, president of Assocomaplast, said the domestic and export markets had both proved difficult in 2013. "The current year [2013] is suffering from the deep crisis in the domestic market and the slowdown – which was particularly accentuated in the second half of the year – in certain very important export markets, including China, Brazil and the United States," he said.

In January-September 2013, exports to all but one region declined: Europe -4.4 percent, North America -4.9 percent, Asia -1 percent. Exports to Africa increased by 23 percent.

Colombo looked for positive developments in the domestic plastics and rubber markets. He said: "Some segments (packaging, pharmaceuticals, etc.) appear brighter, while others — automotive and construction first and foremost — are still suffering the effects of the recession. The first months of 2014 will be very important in allowing us to assess these signals."

He acknowledged that uncertainty will continue for Italian machinery companies in both the domestic and export markets.


Comments

Italian machinery firms hit at home and abroad

David Eldridge
EUROPEAN PLASTICS NEWS

Published: January 3, 2014 12:56 pm ET
Updated: January 3, 2014 12:57 pm ET

Post Your Comments


Back to story


More stories

Image

Haitian's standardization efforts paying off

August 29, 2014 9:53 am ET

Streamlined design efforts and robust export sales helped propel Ningbo, China-based injection molding machine manufacturer Haitian International...    More

Image

American Starlinger-Sahm begins work on new US headquarters

August 29, 2014 10:18 am ET

American Starlinger-Sahm Inc., which sells equipment for woven plastic bag production, PET recycling equipment, sheet extrusion and laminating lines...    More

Image

Sidel opens training center in Mexico

August 29, 2014 9:00 am ET

Swiss machinery company Sidel Group has opened a new training center in Guadalajara, Mexico, featuring a virtual factory environment, augmented...    More

Image

Obituary: Frank Nissel, Welex Inc. co-founder

August 28, 2014 1:01 pm ET

Friends, family and business acquaintances will remember Nissel as an urbane, outgoing machinery executive, an expert on extrusion, a globalist who...    More

Image

Haitian to start assembly of injection presses in India

August 25, 2014 2:59 pm ET

Chinese press maker Haitian International Holdings Ltd. plans to expand its operation in India.    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

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

More Events