Milan — The full-year outlook for the Italian rubber and plastics machinery industry is "strongly positive," but the continuing increase in raw materials prices and the recently added energy costs are set to impact demand, according to trade association Amaplast.
Revenue for the first nine months of the year increased 14 percent year-on-year, with a "particularly positive trend" observed in the domestic market, said Amaplast Nov. 10, citing the latest survey by the MECS statistical studies center.
Furthermore, order intake, particularly from local customers, rose 41 percent year-on-year, "ensuring more than a six-month production horizon."
"The escalation of raw materials and component prices — coupled with low availability and longer delivery times — (are) serious issues (and) have plagued logistics for over a year now, without any near-term resolution in sight," said the association.
Meanwhile, it added, "the energy bill is beginning to weigh heavily on the books, threatening to make Italian production in the sector less competitive than that of foreign competitors."