#Business

2013-05-04

ACIMIT in Indonesia with “Sistema Italia” mission

Indonesia is proving to be a Country with solid economic growth. Its local textile industry is a dominant force in a broad competitive recovery, and Italian machinery manufacturers are looking to consolidate their presence by participating in the “Sistema Italia” mission (6-8 May 2013), organized by ICE- the Italian Trade Promotion Agency.

ACIMIT, the Association of Italian Textile Machinery Manufacturers, will be participating from May 6 to 8 in the “Sistema Italia” mission in Indonesia, promoted by the Italian Ministries of Economic Development and Foreign Affairs, and organized by ICE – the Italian Trade Promotion Agency, the government organization which promotes the internationalization of Italian businesses abroad.

The mission will include B2B meetings and thematic seminars, and is particularly relevant for Italy’s textile machinery sector. Indeed, as for the entire country, Indonesia’s local textile industry has also grown in recent years, thanks especially to a state program to relaunch the sector, through incentives for the acquisition of new machinery (roughly 75% of existing machinery in Indonesia has been in operation for more than 10 years).

According to the Indonesian Ministry of Industry, 670 textile manufacturers benefitted from this program during the period from 2007-2011. As a result, the demand for textile machinery in Indonesia has grown.

In 2012, Italy exported textile machinery to Indonesia for a value of 38 million euros – a 30% increase compared to the previous year. Only China, India and Bangladesh surpass Indonesia among major Asian markets. Indonesian demand for Italian machinery mainly focuses on finishing machines (35% of the total), followed by weaving machines (32%).

“Indonesia is one of our fastest growing markets for the textile machinery builders”, comments Sandro Salmoiraghi, President of ACIMIT. “We believe this mission will provide a further opportunity to strengthen the close ties that already link Indonesian textile manufacturers with Italian textile machinery companies.”