ACIMIT, Uzbek Textile Association Sign MoU

The Association of Italian Textile Machinery Manufacturers (ACIMIT) reports a delegation from
Uzbekistan comprising government authorities and textile manufacturers recently visited its
headquarters in Milan. During the visit, ACIMIT and the Uzbek Textile Association signed a
memorandum of understanding (MoU) under which ACIMIT will provide Uzbek textile manufacturers with
textile technology; and members of the organizations also signed a number of sales agreements.

ACIMIT reports that in 2010, Italian textile machinery manufacturers exported machinery worth
2.4 million euros to Uzbekistan. Knitting machinery accounted for 66 percent of exports; other
machinery, 17 percent; spinning machinery, 9 percent; and accessories, 8 percent.

“Uzbekistan has a centuries-old tradition in the processing of raw materials, and it is the
world’s sixth largest producer of cotton,” said Sandro Salmoiraghi, president, ACIMIT. “The country
is currently undergoing a strong phase of industrialization, and in recent years its textile
industry has begun a profound restructuring process for the transformation of raw materials
domestically. Many current projects regard the building of industrial complexes requiring
technologically advanced machinery.” 

May 20, 2011