CECIMO Economic Commission for Europe in 2011 predicted the development of milling machine tool industry: In 2011, the European machine tool production is expected to grow 22% year on year to 202 million euros; orders for the machine tool industry in 2011 will be an increase of 66%; trade surplus will reach 9 billion euros than the previous record in 2010 and increased by 25%; trade policy will firmly maintain the European machine tool industry in the international market position. In 2010, the industry experienced a strong growth in new orders after the 2011 CECIMO shipments of milling machine tools will significantly increase 22% to 200 million euros, this will be the strongest CECIMO sales rebound in recent years.
Nevertheless, the results still higher than the highest in the industry in 2008 by about 1 / 5.Although the European market environment remains fragile, strong exports in the CECIMO driven by record industry trade surplus rose to 7.1 billion euros. CECIMO predicted export driven, the European milling machine tool industry in 2011 trade surplus hit a new record, reaching nearly 90 million euros. CECIMO Economic Council Frank Brinken pointed that the apparent recovery in the European machine tool production is mainly due to growth of overseas orders, especially orders from Asia.
article Source: milling machine