European machine tools will expand their share of world machine tool production

According to the European Machine Tool Manufacturers Association (CECIMO), the output of European machine tools has grown strongly in 2011, and European machine tools will occupy an important share of the world's machine tool output. European machine tool production is expected to grow faster than the world average Future trends are largely dependent on the stability of public finances EMO Hannover 2011 confirms Europe as a leader in advanced solutions for manufacturing European machine tool production in 2011 It is expected to grow by 20% compared to 2010 to 20 billion euros. The growth of machine tool output is mainly driven by exports. It is expected that in 2011, the export value of European machine tools will increase by nearly 1/4, reaching 15.7 billion euros. Michael Hauser, President of CECIMO, concluded: 'The recovery of the European manufacturing industry has also contributed to the growth of European machine tool imports and consumption. In 2011, European machine tool consumption will increase by 2 billion euros to 11.3 billion euros.' Compared with the world average, European machine tool production not only occupies the largest share of world machine tool production, but this share will continue to expand. Frank Brinken, chairman of the CECIMO Economic Committee, predicts: 'In 2012, the European share of machine tool production in the world will rise from 33.3% in 2010 to 34.6%.' There are many uncertainties about the trial production in the next few quarters. The European machine tool industry is recovering from the crisis, but the industry is now facing another uncertain volatility and deteriorating market confidence. Frank Brinken emphasized: 'At present, the economic prospects of the world and Europe are unclear. In Europe, the financing of the manufacturing supply chain is blocked as a whole. If these problems cannot be solved in time, it will seriously affect the development of the European machine tool industry. In particular, it will have a negative impact on small and medium-sized enterprises. It will be more obvious.' Source of the article: China Transmission Network original website: http://www.chuandong.com/publish/news/2011-10/183582.html