Italian machinery rises to the occasion

Italy is now carving a fantastic reputation in the global machinery industry for it’s quality in engineering and sophistication. The country’s tool machinery sector is fast growing and it is second only to Germany in the European Union in terms of machinery produced. This statistic is a phenomenal stat given the country’s current economic position and other dying sectors. Not to mention the unemployment rate which sits around 11%. Unlike Germany, which has around 20,000 companies producing machinery, Italy has over double that figure. The dynamic makeup of these companies is usually much smaller than the German counterpart which in some ways might not be as beneficial in terms of efficiency and overall production. But what it does cause is an advantage in terms of flexibility. Whenever the market cries out for a demand in a particular tool or machinery the Italian companies can respond very well. The reason behind this is because they are much smaller and therefore do not have the set in stone business structure that larger businesses have. They can adjust quicker to needs in the market and respond in adopting new technologies. The Italian machinery production industry has undergone a lot of changes as both the market on a global and local European scale has developed and headed in a new direction. The Italian companies are no longer fighting for a cost competitive structure with other European manufacturers from France, Germany and the United Kingdom. There are many reasons behind this; one of them is because Italy has such depth in terms of human resources. Many of the top engineers have studied at Italian universities. The production has drifted away from cheap machinery to better quality products due largely to the ability and knowledge of the Italian workforce. When one thinks of Italy and exporting products fashion, art and wine come to mind straight away. Now tools and machinery will be joining that list as the Italians are ever improving in their competitiveness and overall output in the face of troubled times in manufacturing within the European Union.

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