An important contingent of Italian machinery and technology exhibitors will be presenting its textile machinery at the upcoming edition of Saigontex, a leading textile machinery trade fair, which will open this April in Vietnam, an essential production hub for the garments manufacturing sector due to its low labour costs and currently is a major industry supplier for both the European and US markets.

ACIMIT the Association of Italian Textile Machinery Manufacturers that represents an industrial sector comprising around 300 manufacturers, employing close to 12,000 people and producing machinery for an overall value of about EUR 2.6 billion, with exports amounting to more than 86% of total sales.

Among these, 12 companies all ACIMIT associated members will set up their stands in a common exhibition space organised by the Italian Trade Agency, together with ACIMIT, to display their Italian machinery.

The 12 companies to display Italian machinery are: Brongo, Carù, Cibitex, Ferraro, JK Group, Lgl, Marzoli, Mcs, Mei, Ptmt, Roj and Texma.

The need for upgrading and technologically modernizing production facilities has become a priority for local authorities in Vietnam because of its growing importance of textile and garments industry worldwide.

For Italy’s textile machinery industry, Vietnam currently ranks among the top ten export markets. Over the first 10 months of 2016, exports to Vietnam amounted to EUR 39 million; a 6% increase compared to the same period for 2015, according to ACIMIT reports.

The knitting machinery constituted 9% of the total Italian textile machinery exports to Vietnam, whilst spinning machinery, with 37%, was most exported in the first 10 months of 2016. Vietnam now figures as a stable, primary market for global textile machinery manufacturers.

Saigontex, a leading textile machinery trade fair will open up on 12 April in Ho Chi Minh City of Vietnam.