European Machine Tool Manufacturers Association: Technological innovation and the Asian market must be emphasized

According to the European Machine Tool Manufacturers Association (CECIMO), the output value of European machine tools in 2009 will decline by 37% year-on-year to 15.5 billion euros. CECIMO said that in recent months, there has been no clear signal that the machine tool industry has entered a stable recovery phase. Most end-user industries are currently operating at less than 70% capacity utilization. CECIMO pointed out that in order to realize the recovery of the European machine tool industry in a short period of time, it is necessary to take the road of technological innovation, and users need to choose more energy-saving, precise and environmentally friendly technologies. Asia has become the main market for machine tool consumption in the world. In 2009, China's machine tool consumption accounted for 1/3 of the world's total consumption. CECIMO and its member associations have been aware of this development trend and are actively guiding and promoting the development of bilateral trade.