Article: Do what you do best.(specialization in the machine tool industry)

I recently returned from the international machine tool show in Italy. It's called BI-MU and is held every two years at the fairgrounds in Milan. The Italians seem to be doing well in the machine tool biz these days even though most admit there are some unknowns lurking down the road. For example, the so-called global economic crisis and implementation of a single European currency at the first of the year are causes for concern. Overall though, the Italians are confidant that their machine tool building business model will carry them through.

First, a little perspective on the Italian machine tool industry. It is comprised of a bunch of small to medium companies. ...

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