The Italian plastic and rubber machinery sector is set to post 5 percent growth for 2017, with an estimated all-time high of 4.5 billion euros ($5.4 billion) worth of production, according to the Italian rubber and plastics machinery manufacturers' association Amaplast.
In a Dec. 19 statement, the association said figures by the Italian statistics center ISTAT suggested a 12 percent increase in imports of machinery and a 16 percent rise in exports of machinery year over year for January to September 2017.
Amaplast President Alessandro Grassi put down the success to “technological innovation” and offering products within the “Industry 4.0 regime.”
Over the nine-month period, some 70 percent of Italian production was exported, with most machinery types showing “good performance.”
Some of the best performing segments were thermoforming machines, with 51 percent growth, and extruders, with 19 percent growth. By contrast, mono and multifilament and machines for foamed products demonstrated a markedly weaker growth during this same period.