In a significant development for the Italian textile industry, the government has introduced new incentives to support the sector, particularly focusing on sustainable textile machinery. The #Transizione5.0 incentives, along with the #decreto signed by Minister Adolfo Urso, present a valuable opportunity for Italian textile machinery manufacturers to strengthen their position in the market,…
In a global environment of economic transformation, which is increasingly competitive, nearshoring has become one of the best economic growth strategies for several countries around the world. This trend, which involves moving manufacturing and service operations to countries closer to the final consumer market, has had a significant positive impact on our country.According to Grant Thornton's…
Farm Credit Canada (FCC) had recently released a report indicating that farm equipment sales in Canada are projected to decline throughout 2025. The slowdown in the market is being attributed to several factors, including low commodity prices, high equipment costs, and lower overall profits for farmers.Leigh Anderson, senior economist at FCC, explained that farmers are increasingly focused on…
Automation and robotics are transforming the logistics industry by offering innovative solutions that improve efficiency, reduce costs and optimize risk management. According to Overhaul, a transit risk management company, these technologies are transforming the way companies operate in an increasingly complex environment.A study by Mordor Intelligence, the freight and logistics market in Mexico…
In the face of global economic and geopolitical challenges, Italian machinery continues to assert its position as a global leader in industrial machinery exports. The recently released Ingenium 2024 Report, a collaboration between Confindustria and Federmacchine, examines the strategic role of Italian machinery on the international stage, highlighting the sector's resilience and growth potential.…
The National Research Council of Canada (NRC) is inviting proposals for the fifth call under the Eureka Network, a European collaboration initiative aimed at fostering innovation and technological innovation. This call focuses on supporting collaborative research and development (R&D) projects with high commercialization potential in civilian (non-military) markets. Key Details: …
Mexico's automotive exports grew at an interannual rate of 2.6% in 2024, concluding a streak in which they grew at double-digit rates in the previous three years, according to Inegi data. With this increase, these sales reached 193.907 billion dollars and represented 31.4% of Mexico's total product exports. This proportion also ended a two-year upward trajectory in terms of the…
U.S. President Donald Trump has agreed to delay the imposition of 25% tariffs on Canadian goods for a 30-day period following discussions with Prime Minister Justin Trudeau. The tariffs, which were set to take effect this Tuesday, were part of a broader executive order aimed at addressing illegal immigration and drug trafficking, specifically targeting the flow of fentanyl and other substances…
Silfab Solar, based in Mississauga, ON, Canada, has secured $100 million in funding to expand its solar manufacturing operations in the United States. The investment consists of $50 million in equity funding, led by ARC Financial Corp. and supported by co-investors, as well as a $50 million Green Loan arranged through Breakwall Capital and SR Alternative Credit.The funds will be used to scale up…
A new report from the Canadian Federation of Independent Business (CFIB) shows that 32 percent of small businesses in Canada expect their capital investments to decrease in the next two years. Moreover, the study highlights that only 40 percent are actively investing to enhance their productivity.CFIB’s findings indicate that, when adjusted for workforce size, business investment in machinery and…