Volume 43, Issue 5 - May 2008
GIMAV Acts as Ambassador for Italian Machinery
Market research indicates that the glass processing machinery manufacturing industry is one of the key drivers of Italian exports reports GIMAV, the association of Italian manufacturers and suppliers of machinery, equipment and special products for glass processing. The association says that even in 2008, a year that bodes poorly for the global economy, the 75 companies that make up GIMAV are showing signs of vitality.
With GIMAV members accounting for approximately 90 percent of overall turnover, the sector recorded consistent increases in sales during 2007, rising approximately 10 percent over the previous year, with more than 75 percent allotted to exports. Although to a lesser degree, GIMAV expects this growth to hold in 2008 as well. Signs from various world markets during these first few months of the year show progress in Eastern European countries and in Asia. The prospects for Western Europe appear to be stable, while the United States is in a steep nosedive. Once again, as in 2007, the primary outlet markets for GIMAV member products should prove to be Russia, China and France.
In each market, activity in the capital goods sector is a good indicator of future trends. As such, GIMAV is focusing particular attention on China, Brazil, Russia, India and South Africa, specifically those markets that show tangible evidence and serious growth potential. These same countries are also the venues for the international trade fairs in which GIMAV has chosen to participate in 2008, including Gulf Glass in the United Arab Emirates; China Glass in Beijing; Glass South America in Sao Paolo, Brazil; Mir Stekla in Moscow; Glass Expo Africa in Johannesburg, South Africa; and Glass Technology in New Delhi. www.gimav.it/eng
NSG Announces New Name
According to information from NSG, the goal of the merger was to centralize the management of manufacturing and order entry, as well as to reduce overhead costs and meet increasing requirements to enhance the competitiveness in the quality, price and timely delivery of its products. www.nsg.co.jp/en
CRL Opens Australia Facility