Italian woodworking industry and entrepreneurial spirit

The Italian woodworking machinery industry has reported stable production figures for 2008 but predicts real worries in the coming months.
Preliminary figures from Acimall, the Italian woodworking machinery and tools manufacturers’ association, shows production dipped 2.2% in 2008 and was worth €1.82bn.
A fourth-quarter trend survey showed an order reduction of 38.8% compared with a year ago. Acimall said there was no denying that the global economic trend would bring heavy consequences to the woodworking technology industry.
Acimall president Ambrogio Delachi said the industry has to rely almost exclusively on its entrepreneurial spirit.