2021 GIMAV Assembly: 2020 Industry Data Presented Along With 2021 Forecasts. Board Of Arbitrators And Sole Auditor Elected.

INDUSTRY PERFORMANCE IN 2020 Production fell 16.6% due to a drop in exports (-14.9%) and in domestic sales (-20.7%). This is how the pandemic negatively affected the performance of Italy’s Industry of Manufacturers of Glass Processing Machinery and Technologies that closed 2020 with overall sales of 2,027 million Euro. Imports also fell (-11.1%), causing the domestic market to shrink (-17.2%). There was an overall drop in trade (-14.2%) as well as in the trade balance (-16.1%) which, however, remained very positive at nearly 1,080 million Euro. If 2020 was the year of global economic crisis