European machine tool manufacturing industry strengthens technological innovation

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 obvious signal that the machine tool industry has entered a stable recovery stage. 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. At present, 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 they are actively guiding and promoting the development of bilateral trade.