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German machine tool will fall in 2012

time:2011-10-01

According to the German Financial Times reported on September 20, the Milling Machine  Builders Association (VDW) in Hannover on the opening ceremony of the second half of 2011, the industry's growth will get slow. German machine tool manufacturing industry totals about 70,000 current annual sales of 100 million euros, the industry trend is an important measure of economic development in Germany, one of the indicators. The first seven months of 2011 orders for the industry grew 91%, breaking the previous record, Fred is expected that the industry output to grow 30% this year. At present the industry with large orders, mainly from emerging market countries, 70 percent of products exported to overseas, of which China is its most important export country, about one-third of the export machine tool sold to China. German machine tool manufacturer, said DMG president Kapitza, in 2012 the German machine tool manufacturing orders fell 20% to 30%.

article Source: milling machine