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…
Over the next twelve months, the Italian packaging machinery manufacturers’ association will once again be engaged in international promotion for the sector. The number of trade fair appointments has almost doubled. The first stop will be Manila, where in a few days’ time the Made in Italy flag will be flown by seven sector companies.
After conducting in-depth studies of trends in…
The orders index for textile machinery drawn up by ACIMIT, the Association of Italian Textile Machinery Manufacturers, for the period from October to December 2019, showed an 8% drop compared to the same period for 2018. The index value stood at 92.9 points (basis: 2015=100).
Orders compiled by Italian machinery manufacturers were in negative figures both abroad and on domestic markets in Italy…
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…
Cinisello Balsamo 17 December 2019. The year 2019 marked the end of the positive trend, started in 2014 by the Italian machine tool, robot and automation industry. Nevertheless, the registered decrease is very moderate and shows how the values of the main economic indicators are returning to normal levels, after the exploit supported by the measures of Industry/Enterprise 4.0. The slowdown will…
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…
Alabama Gov. Kay Ivey announced this week that 2A S.p.A., a prominent Italian die-casting company, plans 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…
At its June 27, 2019 meeting, Gimav – the Association that represents Italian manufacturers of glass processing machinery, systems, special products and accessories – reported 2018 FY data analyzed by its Study Center, which showed an overall 3.75% increase in sales compared to the previous fiscal year.
Breaking out the data for the two macro-specializations, there was a 2.08% increase in…
Revenue generated by packaging machinery manufacturers sees further 9.4% growth to 7.85 billion euros. The strong growth both in Italy and in international markets confirms the Italian industry’s world leadership position.The Italian packaging machinery industry has confirmed its position as one of the most dynamic Italian manufacturing sectors.
Ranked first in terms of share of total capital…
ICA, a leading, Italian-based supplier of coating solutions for the wood and glass industry, continues its global expansion by establishing a North American subsidiary in Ontario through the take over of its local distributor. ICA North America oversees the sales and distribution network in Canada, USA and Mexico until the US office is operative.
For ICA, this is the 6th FDI abroad office in the…