Economy

German machine tool industry anticipates significant recovery in demand for 2010

February 2010

Germany’s machine tool industry is gaining renewed confidence for 2010. “Though the ongoing year is once again going to be a very difficult one, we nonetheless expect a significant upturn in business during the first half of the year”, explains Martin Kapp, Chairman of the VDW (German Machine Tool Builders’ Association), at the organisation’s annual press conference.

“Since September, orders have improved month by month”, he says in support of his assessment. In the fourth quarter of 2009, order bookings were up by 12 per cent from a low level. This is not due solely to the base effect: on the contrary, the order level has risen by more than 60 per cent compared to its nadir in July/August.

METAV 2010 showcases intelligent production technology for new requirements The international machine tool industry is gearing up for the METAV in Düsseldorf from 23 to 27 February 2010. 680 prestigious exhibitors from 26 different counties will there be showcasing their innovations in terms of products and services for new requirements in industrial manufacturing operations. When it comes to new products, new markets, new processes, new concepts for corporate structures and cost optimisation, the German manufactures, in particular, have a lot to offer. When the Gordian knot has been cut and the global industrial sector is investing again, Germany’s machine tool industry will be up there with the front-runners, emphasises VDW Chairman Martin Kapp. Very good mood @ the show In fact I am in Düsseldorf these days and I can confirm the general trend. The alleyways are quite full and people are positive. Obviously it’s only part of the reality, but that part is really nice.

For more information avout Germany’s machine industry: Verein Deutscher Werkzeugmaschinenfabriken (VDW) e.V. 60325 Frankfurt www.vdw.de

For more information about Metav www.metav.com

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German machine tool industry anticipates significant recovery in demand for 2010

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