The European Union, and its members, have launched an unprecedented action to address the difficulties and hardships resulting from the Pandemic. This action is known as the European Union Recovery Instrument (EURI) also known as Next Generation EU, and is worth €750 billion (half in the form of grants, the other half, as low interest loans). The Italian Recovery and Resilience Plan (RRP) is born under the framework of the EURI and includes all its allocation under the Recovery and Resilience Facility (RRF), that amounts to €191,5 billion, and represents 10,7% of the country’s gross domestic

According to the preliminary figures published by the MECS - UCIMA Research Centre, the sector is returning to growth. Approximately 7 months of production is guaranteed in 2022. The Italian packaging machinery manufacturers have once again passed the €8 billion mark. According to the preliminary figures compiled by the MECS - UCIMA (Italian Packaging Machinery Manufacturers' Association) Research Department, the sector has reached an overall turnover of €8,435 million in 2021, 8% up on the result recorded in 2020. This figure is higher than the 2019 turnover and consolidates the industry's

A subsidiary of Italy-based Sirmax Group said its new plastics recycling facility in Anderson is now operational. SER North America said it plans to bring total employment at the $30 million plant to 40 by the end of the year. Plans for the 124,000-square-foot facility were first announced in July 2019. The company said it has already hired 25 employees with the goal of adding 15 more by the end of the year. The facility produces recycled polypropylene out of post-industrial waste. The product will be used in both industrial applications and sent to the adjacent Sirmax North America facility

The year 2021 was extremely positive for the Italian industry of machine tools, robotics and automation, which reported double-digit increases for all key economic indicators. This trend should continue even in 2022, the year when all the ground lost in 2020 should be recovered. This is in short what was illustrated by Barbara Colombo, president of UCIMU-SISTEMI PER PRODURRE, the Italian machine tools, robots and automation systems manufacturers' association, during the traditional end-of-year press conference. As highlighted by the preliminary year’s data processed by the Studies Dept. &

The index of orders intake for Italian textile machinery, as processed by ACIMIT, the Association of Italian textile machinery manufacturers, for the period ranging from April-June 2021, was up 214% compared to the same 2020 period. The value of the index was attested at 150.7 points (basis: 2015 = 100), a result that was no doubt influenced by the comparison with a quarter, from April-June 2020, in which orders were obviously at a minimum, due to the Covid-19 pandemic. An analysis of the index of orders intake for the first six months of 2021 confirms a clearly positive business dynamic for

Paul O’Brien, CEO MediaTech Ventures moderated an amazing panel of Entrepreneurs during the November 10th, 2021 virtual event, Media Evolution, an International Panel Discussion. The organizers had requested the Desk of Machines Italia USA to provide an overview on the dynamic Italian ecosystem for entrepreneurship, and where opportunities were for US VCs, Seed Funders and various others to connect with said ecosystem. Long time Silicon Valley technology and startup veteran, Paul O’Brien serves the entrepreneur and venture capital economies as a teacher and thought leader. He’s the founder of

INDUSTRY PERFORMANCE IN 2020 Production fell 16.6% due to a drop in exports (-14.9%) and in domestic sales (-20.7%). This is how the pandemic negatively affected the performance of Italy’s Industry of Manufacturers of Glass Processing Machinery and Technologies that closed 2020 with overall sales of 2,027 million Euro. Imports also fell (-11.1%), causing the domestic market to shrink (-17.2%). There was an overall drop in trade (-14.2%) as well as in the trade balance (-16.1%) which, however, remained very positive at nearly 1,080 million Euro. If 2020 was the year of global economic crisis

An Italian life sciences company is planning to establish its new U.S. hub in central Indiana. Stevanato Group says it will invest up to $145 million to build and equip a 370,000-square-foot manufacturing facility in Fishers and create more than 230 jobs by the end of 2025. The company, which provides drug containment, drug delivery and diagnostic services for the pharmaceutical, biotechnology and life sciences industries, says the facility will support the expansion and production of its EZ-Fill solutions. Construction on the plant is expected to begin later this year. Stevanato Group says

SMW‑AUTOBLOK is a global market leader in the manufacturing of workholding systems for turning, grinding and milling machine tools. The company designs, develops, manufactures and supports a variety of technology and solutions for different industries and applications worldwide. Founded in Turin, Italy’s notorious automotive cluster, almost 80 years ago (1942), SMW‑AUTOBLOK moved, during the course of a couple of decades, from a workshop to fully-industrialized production. The company steadily became the leading maker of chucks in Italy. In the 1960s Autoblok started exporting its products