The German machine tool manufacturing market is expected to improve in 2012

by:Gewinn     2022-06-07
According to reports, in the first quarter of 2012, orders for the German machine tool manufacturing industry fell by 7% year-on-year; among them, domestic orders fell slightly by 1%, and overseas orders fell by 9% on the basis of last year's record high. Mr. Wilfried Schaumlfer, executive director of the German Machine Tool Manufacturers Association (VDW), said that the current capacity utilization rate in the German industrial sector is still high; in order to complete the order, the company is still expanding production. In addition, the domestic demand for molding technology in Germany has played a stabilizing role. Forming technology is mainly used for long-term projects with large customer groups like the automotive industry. As a result, the large order book in the first quarter of 2012 led to a more than 20% increase in orders for the next phase. Although orders in southern Europe fell due to the European crisis, orders in other parts of Europe, such as northern Europe, the United Kingdom, and France, continued to grow. Mr. Schaumlfer said, 'The German machine tool industry is doing well. From the point of view of orders, production growth in 2012 is almost certain. The German Machine Tool Builders Association expects an increase of 5%. Despite the slight drop in demand, this It's already taken into account when pricing; in the current situation, there is still room for companies to strategically develop and expand their business into Asia.
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