As expected, there was again a decrease in the index of the orders collected by the Italian machine tool manufacturers in the second quarter of 2020. In particular, according to the data processed by the Economic Studies Department & Business Culture of UCIMU-SISTEMI PER PRODURRE, in the period April-June, the index registered a 39.1% downturn compared with the same period of 2019. The…

Euro Group is the world leader in the production and distribution of magnetic laminations for electric motors and generators for the most varied industrial applications: from automotive to domotics. The holding controls various manufacturing companies and divisions in several countries (Eurtranciatura, Alcast, Corrada, Euroslot, Saf, and others) and has 1,700 employees and a turnover of about €…

The 2016 financial data for the Italian ceramic and brick machinery industry analysed by the Acimac Research Department – MECS reveal a further improvement in productivity and profitability. This further average improvement in management indices was set against a backdrop of strong growth in turnover that was maintained for the whole of 2016 and continues today, with turnover growth accelerating…

Italian photovoltaics supplier Fimer has sealed €9 million in financing from Sace and Deutsche Bank for the supply of conversion centres for two solar farms in Mexico. Deutsche will issue two performance bonds worth US$4.3 million, which will be backed by Sace. The German bank will also issue a €5 million loan that will be used to finalise supply contracts. Head of Milan branch at Sace,…

Mecaer America has announced that it will invest $40.4 million in its Laval facilities to design and manufacture new landing gear for airplanes and helicopters. The company will receive a $5-million loan and a $3-million non-refundable contribution from Investissement Québec. “The agreement with the Québec government and Investissement Québec confirms that we have chosen the right territory –…