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16th February 2016, Milan

Italian textile machinery makers to target Vietnamese market at Saigontex

The common exhibition area organized by the Italian Trade Agency for the promotion abroad and internationalization of Italian businesses, and by ACIMIT, will host 12 textile machinery makers at the upcoming Saigontex trade fair that takes place in Hochiminh City, Vietnam, from 30 March-2 April.

The 12 machinery manufacturers are all ACIMIT associated members and include: A. Piovan, Beta Machinery, Carù, Fadis, Ferraro, JK Group, Mei, Pozzi Leopoldo, Pugi Group, Ratti, Rollmac, Tonello.

Italian textile machinery exports to Vietnam. © ACIMIT

Vietnam already ranks eight among export markets for Italian textile machinery companies, with exports to Vietnam over the first nine months of 2015 reaching EUR 31 million, a 53% increase compared to the same period for 2014. Among the products most in demand are finishing/ennobling and spinning machinery.

Major market

Vietnam has recently become a major market for textile machinery manufacturers. Having emerged as an important manufacturing hub for the garments sector, thanks to low labour costs, the country has now received a further boost for developing its textile industry, through the free trade agreements recently signed with the European Union and United States.

“In the face of these new scenarios, we’re expecting over the medium term a strong boost in demand for textile machinery by Vietnamese textile manufacturers,” explained Raffaella Carabelli, President of ACIMIT, the Association of Italian Textile Machinery Manufacturers.

Saigontex, the Vietnam Textile & Garment Industry Expo, held concurrently with the Vietnam Textile & Garment Industry Expo, is the biggest and most important trade and information platform in Vietnam. The expos are being held regularly in Hochiminh City and Hanoi since 1990s.

ACIMIT

ACIMIT represents an industrial sector comprising around 300 companies (employing close to 12,000 people) that produce machinery for an overall value of about EUR 2.5 billion, with exports amounting to 84% of total sales. Italian textile technology is sold to around 130 countries worldwide.

www.acimit.it

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EDITOR'S VIEWPOINT

Editors ViewPoint
I would be interested in getting feedback on this event from anyone attending. [email protected]

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