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Italian glass working machinery gains momentum

Post Time:Sep 14,2011Classify:Industry NewsView:218

The Italian Manufacturers’ Association of Glass Working Machinery and Accessories Suppliers (GIMAV) has recently approved the official 2010 industry figures, which reflect an overall growth in the market.

Exports (+5.58% versus 2009) show that the sector is picking up, especially as a result of demand from Europe and Asia, with China ranking first among the export markets for Italian goods.

GIMAV Director, Renata Gaffo, says: “The growth process is well underway and we can say the turnaround in the trend versus the very difficult past two years has already kicked in. The glass sector is definitely by nature one of the last rings in the production chain. This, added to the continuing situation of ups and downs in the market and the credit crunch, means that for our sector, the difficulties suffered in 2008 and 2009 were concentrated in 2009 and with a slower and weaker recovery in 2010.”

Gimav has also confirmed positive results for the first quarter of 2011.

Source: http://www.glass-international.com/newsAuthor: shangyi

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