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12-23-2011

Assocomaplast: Export Sustains the Italian Plastics Machinery Industry

Assocomaplast, the association of Italian plastics and rubber machinery producers, has announced the industry’s estimated turnover for 2011, showing growth of 11.1%. Production value increased from EUR 3.6 billion in 2010 to EUR 4 billion this year.

According to projections by the Italian National Statistics Institute (ISTAT) the numbers show excellent performance in exports and general stability of the domestic market.

The analysis of export markets reconfirms Germany as the principal destination for Italian technology while also highlighting a significant surge in exports to Russia, Poland, and Turkey.

In terms of macro-areas, however, the principal progress is seen in sales to the Far East, which has grown by thirty percentage points. China has been the leader in the growth in this geographical area.

Europe is next, thanks to the increase in exports to the three countries cited above. Sales to South American markets, on the other hand, have slowed somewhat after the strongly positive trend registered in previous quarters.

Looking at types of machinery, a positive trend is seen in the exportation of injectio molding machines (+55%) and extruders (+26%). And while representing only a modest portion of the total, sales have nearly doubled for plants for mono/multifilament and thermoforming machines.

The survey also revealed strong criticism of the Italian manufacturers against export credit insurance agency SACE, which is somewhat weak compared to its German and French counterparts, Euler Hermes and Coface, respectively. This is a cause of much concern for many companies in the sector, who have asked the Association to take action, addressing not only SACE, but also the Italian Ministry of Economic Development, the majority shareholder in SACE. Members want Assocomaplast to request that, as part of the hoped-for measures to support broad economic recovery, the Ministry instructs SACE to examine the requests for credit insurance with all necessary rigor while also avoiding the excesses that have been driven by the desire in recent years to insure principally a large surplus on their balance sheets.

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