Italian manufacturing companies represent one of the major engines driving the country’s economic growth and development thanks to their ability to produce wealth and employment, make associated industries and services flourish and contribute to financial, economic and social stability. The Italian Trade Agency’s Chicago Office with this dossier intends to provide them with an overview about the…
Due to the spread of the novel coronavirus or COVID-19, the outlook for 2020 set out at the beginning of the year is now moot. An exogenous shock is hitting the USA and the global economy as a whole to an unknown extent. What is special about the new economic crisis is that there have been simultaneous supply and demand shocks which have commanded not only a reduction in jobs, output, and…
Alabama Gov. Kay Ivey announced that 2A S.p.A., a prominent Italian die-casting company, planned to invest $15 million to expand its foundry in Auburn, where it serves as a Tier 1 supplier to major producers of automobiles and heavy trucks.
The expansion project at 2A USA in Auburn will create more than 50 jobs and double the Auburn facility’s current die-casting area.“2A has earned a reputation…
Waiting for more details to evaluate the impact of the pandemic on the industrial economy, based on the analysis of the Acimall Studies office we can illustrate the trend of wood and furniture technology in 2019. Unfortunately, those twelve months were characterized by hardly encouraging signals for the health of our industry, a suffering condition that can only get worse after the dramatic…
As the current situation regarding COVID-19’s impact on the United States of America’s (USA) manufacturers rapidly changes, the Italian Trade Agency Chicago Office has included a number of what are considered trusted sources providing a wealth of updated information about the virus’s impact on the USA manufacturing economy.
Of these sources, IBIS World, Manufacturers Alliance for…
Even in the last quarter 2019, the collection of machine tool orders highlighted a negative sign. In particular, in the fourth quarter 2019, the UCIMU index of machine tool orders registered a 16% downturn compared with the same period of the previous year. The absolute value of the index was 105.5 (base 100 in 2015). The overall outcome was affected both by the negative performance of the…
New orders for Italian machinery manufacturers were negative both in foreign markets and in Italy. Abroad, an 8% decrease was recorded, with an absolute index value of 98.9 points. The drop in domestic orders was even more pronounced, at -22% compared to the third quarter 2018. The absolute value of the index was 94.9 points.
Alessandro Zucchi, president of ACIMIT, commented the market situation…
The USA Market for Advanced Manufacturing (AM) and Robotics
Manufacturing in the U.S. has often been assumed to be in long-term decline, with the competitive advantage moving to low-cost countries such as Mexico and China. However, with advanced technologies likely to automate as much as 60% of factory tasks, in the future low-cost countries may no longer enjoy a competitive advantage, and the…
November 2019 – The Italian Trade Agency (ITA) is pleased to announce the North American winners of its annual technology awards (see Attachment A in the PDF for a full list). Essays by engineering students based in several renowned Universities in Canada, Mexico and the United States were selected by panels of Italian experts for their outstanding quality and innovativeness. Five scholars and…
October 2019 - IPACK-IMA, the three-yearly processing and packaging industry exhibition for the food and non-food sectors to be held in Milan from 4 to 7 May 2021, has been pursuing a highly successful sales campaign with very positive results achieved by October 2019 and further growth expected.
“A year and a half before the exhibition begins, a large number of companies have already…