German plastics and rubber machinery manufacturers expect sales to increase by 2 per cent in real terms in the current year with a further 2 per cent rise anticipated for 2017.
“Back in October 2015 the association’s forecast pointed to sales in 2016 remaining broadly unchanged from the very promising level seen in 2015,” explained Ulrich Reifenhäuser, chairman of the association VDMA Plastics and Rubber. In 2015 output was up by 4.7 per cent and exports were 1.6 per cent higher. “But business then picked up markedly, prompting the positive forecast for 2016”, Reifenhäuser went on to say.
“Business with EU customers continues to develop well, as it did last year, and North America is gaining momentum again. Germany’s top quality machinery and ability to find solutions are in particularly great demand on these markets”, commented Thorsten Kühmann, managing director of VDMA Plastics and Rubber. “India has bottomed out and there are also positive signs in all the countries of South East Asia. The US tops the sales market rankings, followed by China, Poland and Mexico. Deliveries to Russia …
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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
