The Association of Italian Textile Machinery Manufacturers (ACIMIT), a private body promoting Italian textile machinery, will partake in the upcoming edition of Saigontex, the leading textile machinery trade fair, from April 5 to 8, 2017, in Ho Chi Minh City, in Vietnam.
There are altogether 12 companies that will set up their stands in a common exhibition space organised by the Italian Trade Agency, together with ACIMIT. The 12 companies, all ACIMIT associated members; include Brongo, Caru, cibitex, Ferraro, JK Group, Lgl, Marzoli, Mcs, Mei, Ptmt, Roj, and Texma.
An essential production hub for the garments manufacturing sector thanks to its low labour costs, Vietnam is currently a major industry supplier for both the European and US markets. Considering the growing importance of Vietnam’s textile and garments industry worldwide, the need for upgrading and technologically modernising production facilities has become a priority for local authorities.
Vietnam now figures as a stable, primary market for global textile machinery manufacturers. 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 €39 million; a 6 per cent increase compared to the same period for 2015.