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ACIMIT, Italian Trade Commission To Hold Seminar In Bangladesh

February 2010 -- The Association of Italian Textile Machinery Manufacturers (ACIMIT) and the Italian Trade Commission will hold a technological seminar on "Italian textile machinery: the way to improve Bangladesh textile competitiveness" in Dhaka on next March 9th.

During the seminar some leading Italian companies (Bellini, Comez, Danti, Fadis, Jaeggli, Marzoli, Obem, Pentek, Plm, Reggiani, Roj, Salmoiraghi, Santoni, Savio, Unitech) will show their own case history regarding the Italian leadership in the textile machinery industry, giving an overview of its updated technologies to the Bangladeshi textile operators.

The seminar attended by an institutional delegation of ACIMIT, leaded by President Mr. Sandro Salmoiraghi, will represent an occasion for some meetings between ACIMIT Board representatives and the main authorities of the Bangladesh textile sector and some Country's textile association.

The seminar is part of a promotional program that ACIMIT and Italian Trade Commission have been realizing for many years in order to strengthen the links between Italian textile technology providers and the local textile operators. The promotional initiatives of this program includes many technological workshops (the last one occurred in Dhaka in 2008) and training courses in Italy (the last one in 2009).

The upgrading of installed equipments is considered by Bangladesh companies necessary for increasing the competitiveness of local industry. In order to reach this goal many investments in foreign textile technology were accomplished in the last years. The demand of Italian textile machinery from local companies was very strong in the last five years. During 2004-2008 period imports of Italian textile machinery grew at an annual rate of 17%.

In 2008 Italian sales to Bangladesh went up to Euro 41 million from Euro 31 million in 2007, confirming Bangladesh as the third leading Asian market behind only China and India. In the first nine months of 2009 Italian manufacturers delivered technology to Bangladesh's market worth around Euro 18 million.

During the period from January to September 2009 sales of Italian machinery to Bangladesh were distributed as follows: finishing machinery 58% of total, spinning machines 17%, weaving machines 14%, accessories 10% and knitting machines 1%.

"Going to Bangladesh - ACIMIT President, Mr. Salmoiraghi, says - our main goal is to strengthen the relationship between Italian textile machinery manufacturers and Bangladesh textile industry and to acquaint Bangladeshi operators with excellence, quality and creativity of Italian textile machinery industry".

Background information on Italian textile machinery industry and ACIMIT
ACIMIT represents an industrial sector comprising roughly 300 companies employing 14,000 people, which produces machinery for an overall value of 2.5 billion Euros. The quality of the Italian textile technology is testified by the high number of Countries where the Italian machinery are sold: about 130. Exports represent 78% of total sales. Asia (with a share of 43%) is the main destination for Italian sector exports, followed by Europe (34%), Latin America (11%), Africa (7%) and North America (5%).Italian manufacturers place a great deal of emphasis on meeting the demands of the global textile industry. Creativity, technology, reliability and quality are the characteristics that have made Italian machinery products proven winners throughout the world.Further information: http://www.acimit.it/

Posted on February 17, 2010

Press Release Courtesy of ACIMIT

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