This Spring the Italian Trade Agency via its USMCA's joint project Machines Italia, welcomes you to come and try out our new site assistant, Amy."Amy", is a play on acronyms used to describe our new site assistant, "AIMI - Artificial Intelligence for Machines Italia" This new assistant can help you find Italian manufacturing companies within the various 16 machinery sector directories on the…
An Accenture study suggests that by 2030, Italian companies could boost their added value by about €50 billion ($54.30 billion) through the widespread use of generative AI. This was presented at a meeting of the Leonardo Committee, a group promoting the "Made in Italy" brand, unrelated to the Leonardo defense and aerospace group. An additional €30 billion ($32.47 billion) in added value could be…
From May 18-25 2024, Missouri Governor Mike Parson and First Lady Teresa Parson traveled to Italy for an international Trade Mission.According to a release from Parson, Italy is a top source of foreign direct investment and a key trade partner for Missouri, with more than $169M in exports in 2023.Consistent with Gov. Parson’s infrastructure and economic development priorities, the goal of the…
New York's Governor Kathy Hochul announced that manufacturing company IMA Life North America will build a $30 million, 80,000-square-foot facility in Tonawanda to increase its production of freeze-drying equipment for the pharmaceutical industry. IMA Life's equipment is shipped all over the world and its customers include pharmaceutical giants such as Pfizer and Moderna.IMA Life North America is…
Nestlé, the multinational food and beverage company, has announced its intention to invest a substantial $472 million in the construction of a new pet food manufacturing facility in Italy. This significant investment underscores Nestlé's commitment to expanding its presence in the pet food market and meeting the growing demand for high-quality pet nutrition products.The new facility, expected to…
Omnia Packaging, a prominent Canadian sustainable packaging company, has joined forces with Friendlier, a leading reuse company in Canada, to introduce a groundbreaking 16-ounce reusable coffee cup. This collaboration addresses the pressing issue of single-use coffee cup waste in Canada, where approximately 1.5 billion cups are discarded annually. The Friendlier coffee cup allows consumers to…
Exciting News Alert - Italy in Canada! We're thrilled to announce the opening of GRAF Industries Inc. in North America! "Our targets for this commercial operation are high," says Gianfranco Ferranti, Chief Executive Officer of GRAF Synergy. "This ambition is part of our DNA shared with all the companies of the GRAF INDUSTRIES group. We always aim higher and raise the bar when we see the…
MAPEI Canada, a global leader in manufacturing adhesives, sealants, and chemical products for the construction industry, is excited to announce its successful acquisition of Diaplas. Diaplas, based in Laval, Quebec, specializes in manufacturing profiles and trims for floors and walls, establishing itself as a key local player in the complementary tile accessories market since 1989.This strategic…
In 2024, the United States government continues to offer incentives to encourage businesses to invest in new machinery. These incentives aim to boost manufacturing competitiveness, create jobs, and support domestic manufacturing and clean energy production. Here are some notable ones:Qualifying Advanced Energy Project Investment Tax Credit (the 48C Credit):This credit applies to facilities…
In an era defined by unprecedented global connectivity and rapid technological advancement, the manufacturing sector continues to serve as a catalyst for economic growth and innovation. Against this backdrop, the narratives featured in this edition of the newsletter are related to Italian companies’ strategic expansion in North America and their need to forge new collaborations when trying to…