Acimac Reports Slowdown for Italian Ceramic Machinery Sector in 2018
The Italian ceramic machinery industry is expected to close 2018 with a turnover of close to €2.1 billion (approximately $2.4 billion).
According to preliminary figures published by the Research Department of Acimac (Italian Ceramic Machinery and Equipment Manufacturers’ Association), the Italian ceramic machinery and equipment industry’s period of expansion has come to an end after a record five consecutive years of growth. The industry is expected to close 2018 with a turnover of close to €2.1 billion (approximately $2.4 billion). Exports experienced the biggest fall, dropping 9.8% to almost €1.5 billion (~ $1.7 billion).
“In 2018, we have seen significant falls in production in some of our key outlet markets, and this has had a negative impact on technology investments,” said Paolo Sassi, Acimac chairman.
The Italian market fared better, remaining stable at last year’s levels with €583 million ($664.4 million) thanks to the final months of the tax incentives provided by the Industry 4.0 plan. However, forecasts for next year are extremely cautious.
“The global macroeconomic outlook is essentially contracting, so we do not expect to see an increase in turnover in 2019,” said Sassi. “Our industry is closely linked to the construction sector, which has been one of the most badly hit by the current economic slowdown.”
The association’s representatives are also concerned about the economic and social policies adopted by the current Italian government, which pay scant attention to the world of production and risk marginalizing Italy on the European stage.
For more information, visit www.acimac.com.