June 17, 2024
Corporates

Italian Textile Machinery Manufacturers Head To Turkmenistan For Strategic Mission

From June 24 to 28, a delegation of Italian textile machinery manufacturers will be in Turkmenistan for an institutional mission organized by ACIMIT (the Association of Italian Textile Machinery Manufacturers) and the Italian Trade Agency. The delegation has scheduled institutional and commercial meetings in Ashgabat.

For the Italian textile machinery industry, the Turkmen market holds significant growth potential. Cotton is the third largest export product of Turkmenistan, and local authorities aim to develop a robust textile industry capable of processing locally grown raw material. Significant investments in new equipment will be necessary for the success of this development program, leading to a rapid increase in the demand for textile machinery and technologies.

This is evidenced by the average annual growth rate of Turkmen textile machinery imports between 2009 and 2023, which stands at +7.3%. Furthermore, ACIMIT forecasts an average annual increase of 5.5% for the 2024-2027 period.

“Emerging at a global level in the textile industry,” comments Marco Salvadè, president of ACIMIT, “requires first and foremost an updating of technology to compete with countries whose technology levels are already more advanced. The purpose of this institutional mission is to create a favorable context for collaboration between our industry and the Turkmen textile sector.”

In 2023, the demand for Italian textile machinery from Turkmen companies has surged, with Italian exports increasing from 600,000 euros in 2022 to approximately 13 million euros the following year.

“During this mission,” Salvadè continues, “we intend to showcase our technological offerings to textile operators, but above all, deepen contacts with local institutions, which have a strong influence in defining supply chain strategies.”

The Italian companies participating in the institutional mission are Brazzoli, Color Service, Itema, Marzoli, Mcs, Reggiani Macchine, Salvadè, and Santoni.

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