Iran the target for textile machinery-makers
30/07/2015
Raffaella Carabelli, president of industry association ACIMIT, said: “For years, Iran was a benchmark for Italy’s textile machinery industry. International sanctions have effectively halted the flow of machinery exports towards Iran, penalizing many Italian manufacturers. The recent agreement on the nuclear issue opens up a window for a recovery in investments in textile technology by Iran’s textile sector, after years in which the process of industry modernization has been slowed by a regime of sanctions.”
During the second quarter, textile machinery orders increased 15% over the same period last year, the fourth consecutive quarter of growth.
Domestic orders rose 7%, which Carabelli describes as “unexpected”.
“It’s highly likely that the incentives implemented by the government may have contributed to this light recovery in our sector. The rest was certainly achieved by the healthy situation of various sectors downstream from our own.”
Exports to Bangladesh increased 187% during the quarter. “We’re waiting for a recovery from China, where investments in machinery are still low compared to a year ago,” added Mr Carabelli. “But ACIMIT has mainly been targeting the market in Iran.”
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