ITALIAN TEXTILE MACHINERY AT ITME AFRICA 2023

Date:

A delegation of 12 Italian textile machinery manufacturers will be on hand at the ITME Africa trade show, to be held in Nairobi (Kenya) from November 30th to December 2nd 2023. These Italian companies will be exhibiting at the Italian Pavilion, organized by ACIMIT, the Association of Italian Textile Machinery Manufacturers, and by the Italian Trade Agency.

Kenya’s economy is among the most dynamic in sub-Saharan Africa, with annual GDP growth rates of around 6%. Its textile and garments industry ranks among the Country’s leading economic revenue sources, and is supported by government programs aimed at sustaining growth, as well as international agreements, such as the Economic Partnership Agreement (EPA) between the European Union and Kenya, currently in the process of ratification.

The total value of Kenya’s imports of textile machinery reached Euros 24 million in 2022. In the future, demand from local companies will mainly focus on high-end and medium to high-end technology, thus allowing Italian manufacturers to strengthen their market share in Kenya. Currently, Italian imports amount to approximately 4% of total imported machinery technology, for a value of roughly Euros 900 thousands in 2022.

Among the 12 Italian exhibitors the following ones are ACIMIT associated members: Biancalani, Bianco; Danitech, Ferraro, Lgl, Mei, Monti Antonio, Reggiani Macchine, Savio, Stalam and Tomsic.

ACIMIT (the Association of Italian Textile Machinery Manufacturers) was founded in 1945 with the primary aim of promoting the Italian textile machinery sector¸ by supporting the industry’s various activities both in Italy and abroad. Established as a non-profit organization, ACIMIT currently brings together some 180 textile machinery manufacturers, divided into their various categories: spinning, weaving, knitting, finishing and other machinery. ACIMIT represents an industrial sector that includes roughly 300 companies employing close to 13,000 people and producing machinery for an overall worth of nearly 2.7 billion euros, of which about 86% is exported.

Bhargav Pathak
Bhargav Pathakhttps://textilesresources.com
With a passion for the textile, apparel, and fashion industry, I embarked on a journey fueled by education from NIFT Gandhinagar and affiliation with NDBI at NID Ahmedabad. Since 2006, I've contributed to various corporate ventures, specializing in B2B, B2C, SaaS, and AI products within the textile domain. In July 2023, I launched TextilesResources.com, a knowledge hub offering the latest news, articles, and soon-to-come features like interviews and a trade fair calendar. Grateful for the growing community, we've recently introduced a Business Directory for enhanced visibility. Join us on LinkedIn and stay connected with the ever-evolving textile landscape!

Share post:

Subscribe

spot_img
spot_imgspot_img

Popular

More like this
Related

Trident Limited announces interim dividend of INR 0.36 per share for FY 2024-25

Trident Limited Announces DividendTotal Income at INR 6790...

New Report Presents Keys to Unlock the Next Level in Sustainable Fashion

Next Level for Sustainable Fashion 21 May 2024: On the...

Policy, Data and Field-Level Impact in Focus for Better Cotton Conference in Istanbul

Better Cotton Hosts Annual Conference in Türkiye: Accelerating Impact...