َGerman machine tool federation to open office in Tehran
Photo belongs to “VDMA”
According to dispatches, the sector is one of Germany’s key export industries alongside cars and chemicals and companies ‘hope to revitalize their traditionally very strong links with Iran’ now that the West is lifting sanctions, VDMA said in a statement.
Iran and leading world powers reached a landmark agreement in July under which punishing economic sanctions will be rolled back in exchange for imposing some limitations on Iran’s peaceful nuclear program. German companies were widely present in Iran before the sanctions were imposed and are eager to restore relations.
The German machine-tool sector is made up of small, family-run businesses and has combined annual sales of more than 200 billion euros (USD 217 billion) and a workforce of more than one million.
The sector is covered by the Italian machine manufacturers as well and the higher speed and planing of Germans shows they are going to cover this sector in Iran without presence of their Italian competitors. We don’t have such a desire, because both German and Italian plastics & rubber machinery, like other European products, will work very well for the new Iran after the sanctions periods’ GOALS: Just Quality!
Photo: PIMI, “Shervin Mottaghian Tehrani”
About VDMA:
VDMA (Verband Deutscher Maschinen- und Anlagenbau, Mechanical Engineering Industry Association) represents over 3,100 mostly medium-sized companies in the capital goods industry, making it the largest industry association in Europe. The association represents the shared financial, technical and scientific interests of the mechanical engineering industry, especially with respect to national and international authorities and business groups. For the purposes of safeguarding of their interests, members are entitled to instruction, advice and assistance.
The German mechanical engineering industry is an international leader – in 25 of 31 comparable subsectors, German firms are among the top three providers in the world, and global market leader in as many as half.
Mechanical engineering is Germany’s biggest industrial employer with 1,003,000 workers (January 2015). It develops and produces key technologies for the global market. The export ratio is 76 percent. With revenue of EUR 212 billion (2014), it is one of the leading branches of industry in Germany.
VDMA’s membership covers the entire process chain – in the field of mechanical engineering including associated tools and components, of process, production, manufacturing, drive-train and automation engineering, office and information technology, software, and product-related services, i.e. from components to plants, from system suppliers and system integrators through to service providers. The association reflects the diverse customer-supplier relationships along the whole value chain and promotes sector-specific and overarching cooperation.
VDMA is divided into 37 trade associations and labour groups, cross-sector departments, branch offices in Berlin and Brussels, liaison offices in Brazil, China, India, Japan and Russia, international committees and forums, six state associations and several service organisations.
Verband Deutscher Maschinen- und Anlagenbau e.V. (VDMA)
Lyoner Strasse 18, 60628 Frankfurt-Niederrad, Germany
Tel. +49 69 6603 0
