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Soaring sales and growth in Q3

| Editor: Briggette Jaya

Italy records 14.7% increase in the machine tool orders index in Q3 of 2017. Updating the human resources ensures a good future for the manufacturing industry in Italy, Ucimu says.
Italy records 14.7% increase in the machine tool orders index in Q3 of 2017. Updating the human resources ensures a good future for the manufacturing industry in Italy, Ucimu says. (Source: Pixabay)

Italy - Ucimu-Sistemi per Produrre, the Italian Machine Tools, Robots and Automation Manufacturers’ Association, has recently reported positive figures for Italy’s machine tool orders.

According to Ucimu’s Studies & Business Culture Department, a 14.7% increase was noted in the machine tool orders index in Q3 of 2017 compared to the same period last year, recording a value index of 109.

The increase, the association says, is mainly a result of the rising order trends by manufacturers in the domestic market. This has, in fact, grown by 68.2% (value index 66.1) compared to Q3 last year. Foreign orders have also registered growth, noting 1% (value index 114.6) increase in Q3 compared to the same period in 2016.

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This certainly reflects the good economic climate in the Italian manufacturing industry currently that is also an indication of the positive numbers of participants of the next Bimu scheduled for October 2018 in Milan, Ucimu notes. The 31st edition of the biennial show will take place from 3-9 October and will present, apart from manufacturing systems and machines, a special focus on digital systems and technologies for the interconnection of industrial plants and machines.

Ucimu’s President Massimo Carboniero says: “The statistics echo the effectiveness of the incentives implemented by the National Plan Industry 4.0, which perfectly meets the requirements for industrial plant modernisation and for the introduction of the digitalisation and interconnection principles that are necessary for the Italian manufacturing industry to remain competitive.”

“We hope that these proposals will be confirmed even in the next Enterprise Plan 4.0, included in the Budget Law 2018, together with the excellent provision already announced by the Government Ministers, which will allow the Italian enterprises to obtain a tax credit for the professional training activity started with regard to Industry 4.0,” Carboniero added, while saying that Ucimu fully agreed with the Italien government’s intention of finance the incentives of Super- and Hyper-Depreciation even for the whole year 2018.

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Carboniero also noted that manufacturing plants need to be equipped with suitable tools for efficient and competitive production, and upgrading and process development has to be adequately matched with an updating of the human resources to ensure a good future for the manufacturing industry in Italy.

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