The Italian Trade Agencies Toronto and Chicago offices in partnership with the Torino Chamber of Commerce will be coaching and assisting a group of 14 Italian technology SMES to allow them to learn and take advantage of the business opportunities in the Canada and the US markets. Torino and the Piedmont Region in Italy have been a world class hub for advanced industrial…
Sesto San Giovanni, 1st October 2020. In 2019, the Italian machine tool manufacturing industry ranked fourth among manufacturing countries and fourth also among exporting countries, overtaken by China that stole its historical third place. On the contrary, its fifth position in the ranking of consumer countries remained unchanged, as a confirmation of the importance of the Italian market in the…
Italian manufacturing companies represent one of the major engines driving the country’s economic growth and development thanks to their ability to produce wealth and employment, make associated industries and services flourish and contribute to financial, economic and social stability. The Italian Trade Agency’s Chicago Office with this dossier intends to provide them with an overview about the…
Nissan-Renault and Mitsubishi have announced a news strategic global strategy. As a result of this alliance, which aims to generate a more efficient use of available resources, each company will focus on specific regions and markets. While Renault will be in charge of Europe, Mitsubishi will handle the Southeast Asian markets and Nissan will concentrate on the North American region.…
Due to the spread of the novel coronavirus or COVID-19, the outlook for 2020 set out at the beginning of the year is now moot. An exogenous shock is hitting the USA and the global economy as a whole to an unknown extent. What is special about the new economic crisis is that there have been simultaneous supply and demand shocks which have commanded not only a reduction in jobs, output, and…
Enel is fastly expanding in the renewable energy market in the USA and Canada thanks to its subsidiary Enel Green Power North America. Its latest achievements include the addition of 50 Megawatts generating power to the High Lonesome, Upton, Crokett County (TX) wind park, whose total power generation capability now totals 500 Megawatts - the largest in Enel’s renewable energy portfolio…
AMUT continues to thrive and grow in North America thanks to if focus on PET recycling and post consumer products technology. “We just started the commissioning of two new PET Recycling Plants for Post-Consumer plastics at INDORAMA ECOMEX division for their VIRGIN PET plants.” Says Anthony George, President of the North American division of the Italian AMUT Group. “Indorama is the world…
Xylexpo is the leading International trade show for woodworking machinery and technology in Italy. This year, the biennial trade show, will take place from November 10 to 13 in Milan, and will celebrate its 27th anniversary, over 50 years since its first inauguration. Despite disruption caused by COVID 19 pandemic, the show is slated to post a good performance:
Over 400…
Alabama Gov. Kay Ivey announced that 2A S.p.A., a prominent Italian die-casting company, planned to invest $15 million to expand its foundry in Auburn, where it serves as a Tier 1 supplier to major producers of automobiles and heavy trucks.
The expansion project at 2A USA in Auburn will create more than 50 jobs and double the Auburn facility’s current die-casting area.“2A has earned a reputation…
As the current situation regarding COVID-19’s impact on the United States of America’s (USA) manufacturers rapidly changes, the Italian Trade Agency Chicago Office has included a number of what are considered trusted sources providing a wealth of updated information about the virus’s impact on the USA manufacturing economy.
Of these sources, IBIS World, Manufacturers Alliance for…