German machinery sales reach new record in 2011

Published: February 22, 2012 6:00 am ET

Related to this story

Topics Injection Molding Machinery
Companies & Associations

FRANKFURT, GERMANY (Feb. 22, 12:30 p.m. ET) – Sales from German plastics and rubber machinery reached 6 billion euros ($7.94 billion) in 2011, breaking a record that was set in 2008.

Sales to customers in Germany were up 18 percent, while deliveries to foreign customers was up 25 percent, according to VDMA, the German Plastics and Rubber Machinery Association.

Demand lagged from euro-area countries, but they were still up 15 percent, according to the Frankfurt-based trade group.

“For the year as a whole, incoming orders were 3 percent ahead of the previous year’s high level. Growth rates declined month on month, however, and the last quarter’s figures were down albeit from the previous year’s very high base,” said Ulrich Reifenhäuser, chairman of the VDMA, in a news release.

“For the year as a whole, incoming orders were 3 percent ahead of the previous year’s high level,” he said. “Growth rates declined month on month, however, and the last quarter’s figures were down albeit from the previous year’s very high base.

“Many firms have very full order books, keeping them busy for months ahead,” he said.

Exports are back to pre-crisis levels, according to VDMA.

“German manufacturers have achieved above-average growth in their exports to the US, China, Russia, Turkey and [South] Korea,” Reifenhäuser said. Exports will reach a new record of more than 4 billion euros ($5.29 billion).

About half the firms surveyed plan to increase their workforce in the first half of 2012. According to VDMA, nearly three-quarters of the firms added jobs in the first half of 2011, and more than two thirds added staff in Germany in the second half of the year.


Comments

German machinery sales reach new record in 2011

Published: February 22, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Mucell adds polypropylene parts to its potential resin applications

March 30, 2015 11:59 am ET

Structural polypropylene applications are now candidates for the use of Mucell microcellular foaming technology.    More

Image

Light shines on plastics innovation

March 30, 2015 10:57 am ET

The Society of Plastics Engineers shone a light on the benefits of plastic at NPE with its Plastics for Life competition, with the Grand Prize going...    More

Image

Haitian aims to revolutionize US molders' purchase process

March 27, 2015 9:00 am ET

Haitian International Holdings Ltd. (Booth W3683) is introducing new machines to North American molders with four presses on display at its large...    More

Image

Flextronics launches global injection molding, tooling unit

March 26, 2015 4:29 pm ET

Flextronics International Ltd. (Booth S34125) is officially launching Precision Plastics, a global injection tooling and manufacturing unit, as a...    More

Image

Customs snafu snags Boy Machines

March 26, 2015 9:42 am ET

ORLANDO, FLA. — With apologies to poet Robert Burns, this year’s NPE in Orlando definitely proved that “sometimes the be...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events