Canadian headquartered automotive holding Magna International Inc has signed a deal to buy Italy’s OLSA S.p.A. The transaction is valued at $354 million (230 million euros). OLSA, based in Turin, Italy, employs about 2,500 people and has manufacturing operations in Italy, Poland, Brazil, China, and Mexico. Its customers include the Volkswagen Group, the BMW Group, Daimler, and FCA. The deal, which requires regulatory approval and other standard closing conditions, is expected to close before the end of the year. Magna says the deal will make the company a global lighting supplier and expand

According to data collected by the research department of UCIMA, the packaging machinery industry, one of the most dynamic Italian manufacturing sectors, recorded a solid 8.9% growth in 2017, with a turnover exceeding €7 billion (€7.19 billion). Export sales totaled €5.7 billion in 2017 (79.1% of the total production), 7.5% up from 2016. The sector continues to stand out for its strong international presence, with Italian companies competing head-to-head with their German counterparts in all global markets. One machine out of every five sold worldwide is made in Italy. The sector’s trade

The Elica Group has been a household name in the kitchen hoods market since the 1970s, and it is now the world leader in the industry in terms of units sold. More recently, the Italian-based group has acquired a leading position internationally in the design, production, and marketing of electric motors for hoods and heating boilers. Vast experience in the hoods and boilers field, great attention to design, innovative materials, and advanced technologies are the strengths of Elica Group. With regards to technology, Elica has tapped into the growing "smart home” trend and incorporated, early on

With a population of 120 million, political and financial stability, 12 trade agreements with 44 countries, and the North American Free Trade Agreement in renegotiation – Mexico’s economy is slated for more strong growth in 2019. Mexico is a big consumer of packaging materials and technology, particularly in the food and beverage industry, followed by the pharmaceutical and personal care sectors. The popularity of carbonated drinks and alcoholic beverages, as well as the eating habits and personal care of the Mexican population, generate a high demand for packaging and packaging machines. In

The Gimav Studies Centre releases official data on the sector: the growth trend continues for the 8th consecutive year "This marks the eighth consecutive year of growth. The upswing in exports continues, and domestic market indicators are starting to improve as a result of the Industry 4.0 Plan incentives. Our sector is growing, and it's very gratifying to be able to say that the effects of the downward trend that marked the national and international economy in 2009 are definitively behind us now". This was the initial comment by Laura Biason, Director of Gimav, the Confindustria member

The year 2017 was extremely positive for the Italian industry of machine tools, robotics and automation, registering double-digit increases for all main economic indicators, except for that of exports that however started growing again after the downturn in 2016. The year 2018 will be just as positive, confirming the excellent situation that the sector has been experiencing. This is in short what was illustrated by Massimo Carboniero, President of UCIMU-SISTEMI PER PRODURRE, during the usual year-end press conference. As shown by the preliminary year's data, processed by the Studies Dept. of

Vitrum’s year zero is just around the corner. Taking place October 3rd to 6th, at Fiera Milano Rho (Pavilions 5 and 7), the 20th edition of the Italian International trade show dedicated to machinery, accessories and special products for processing and hollow glass. One feature of the show is the return of Italian Hollow Glass. The 2017 edition of Vitrum promises a major comeback. Italy’s Hollow Glass sector will be on hand, emphasizing the importance of this major global industry trade show. The hollow glass sector will be located in Pavilion 7. Antonini Srl , Colorobbia Consulting Srl

Fifth among manufacturing countries, after the revision of the time-series data carried out by the US association, Italy confirmed its third place among exporters and gained one position in the consumption ranking, where it came in fifth, as a testimony to the liveliness of its domestic demand. The positive trend reported since 2014 will continue throughout 2017 - the year in which production, export and consumption will grow, also supported by the measures of the National Plan Industry 4.0 – and it will drive both the deliveries of manufacturers in the domestic market and imports. No other

At the annual members’ meeting held on 30 June 2017, GIMAV officially presented and shared the data on the Italian Flat Glass and Hollow Glass industry. The report, titled “The Italian industry of glass processing machinery, systems, accessories and special products in 2016” – provides a comprehensive and detailed annual snapshot of the industry, highlighting its structural characteristics, sales, production activity, domestic and export markets (the latter in particular were cross-checked with data published by Istat, the Italian National Institute of Statistical Surveys). The last survey by

The international press conference discussed the new corporate structure, the layout based on target markets, the international promotion activities and The Innovation Alliance. The first international presentation of IPACK-IMA 2018, the leading exhibition of food and non-food processing and packaging technologies scheduled for Fiera Milano from 29 May to 1 June 2018, was held on Saturday 6th May during Interpack. In the presence of journalists and representatives of business associations and companies from Austria, Brazil, China, France, Greece, Germany, Italy, Nigeria, Singapore, Sweden