German machine tool manufacturing market is expected to improve

According to reports, in the first quarter of 2012, orders for the German machine tool manufacturing industry fell by 7% year-on-year; among them, domestic orders declined slightly by 1%, and overseas orders fell by 9% on the basis of last year's historical high.

According to Wilfried Schaumlfer, executive director of the German Machine Tool Manufacturers Association (VDW), the capacity utilization rate in the German industrial sector is still high; in order to complete the order, the company is still expanding production. In addition, the demand for molding technology in Germany has played a role in stability. Molding technology is mainly used for long-term projects such as the automotive industry's large customer base. As a result, the large orders in the first quarter of 2012 increased the order for the next phase by more than 20%.

Despite the impact of the European crisis, orders in southern Europe have declined, but orders in other parts of Europe, such as Northern Europe, the United Kingdom, and France have continued to grow. Mr. Schaumlfer said, “The German machine tool industry performed well. From the point of view of the order, the increase in production in 2012 was almost certain. The German Association of Machine Tool Manufacturers expects the increase to reach 5%. Despite the slight drop in demand, but this point It has been taken into account when pricing; in the current situation, companies still have room for strategic development and business development in Asia.