Germany machinery firms report record sales in China

Published: March 29, 2012 6:00 am ET

Related to this story

Topics Machinery NPE 2012
Companies & Associations

FRANKFURT, GERMANY (March 29, 1:15 p.m. ET) — Demand for German machinery from China’s plastics and rubber processors rose to a record value of 766.4 million euros ($1.01 billion) in 2011, 30.5 percent higher than the 2010 figure.

“That is a new record for China and at the same time the [German] industry’s highest volume of exports ever to a single country,” said Ulrich Reifenhäuser, chairman of the VDMA, the German Plastics and Rubber Machinery Association.

Announcing global export figures, Frankfurt-based VDMA hailed overall growth of 25.6 percent in 2010 and 30.5 percent in 2011 which took German machinery exports to 4.32 billion euros ($5.74 billion).

“As a result, two very good years for exports have now offset the slump of 2009 and the record set in 2008 has been significantly exceeded,” said Thorsten Kühmann, managing director of VDMA.

Exports to other countries in East Asia grew even faster than those to China. Deliveries to South Korea rose by 82.4 percent, ranking the country sixth among Germany’s most important markets in 2011. Orders from customers in Taiwan also showed an above-average increase of 33.4 percent. Asia’s share of German exports as a whole rose to 38.4 percent.

Other regions of the world also showed stronger demand for German plastics and rubber machinery.

Exports to the 27 European Union countries were up by 26.9 percent, with France, the main market, well ahead of Poland, Italy and Austria.

Deliveries to the rest of Europe also showed above-average growth of 36.7 percent. Russia, which has recovered markedly, and Turkey remain the region’s most important customers.

Exports to North America increased by 30.7 percent, and to Central America by 48.3 percent, due chiefly to a surge in demand from Mexico. At 27.4 percent, the increase in exports to South America lagged slightly behind the average.

Other export increases were recorded in the Near and Middle East (11.2 percent) and South East Asia (23.0 percent).

Only North Africa recorded a drop in sales (down 7.5 percent), a consequence of the Arab Spring, says VDMA. The decline in deliveries to the largest customer, Egypt, played a particular part in this.

VDMA also noted fast growth in deliveries by foreign manufacturers of plastics and rubber machinery to customers in Germany. Imports rose by 49.5 percent to 946 million euros ($1.25 billion), with the main supplier countries being Austria, Switzerland and Italy.


Comments

Germany machinery firms report record sales in China

Published: March 29, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Milacron restructuring Uniloy manufacturing in Europe

April 17, 2015 2:16 pm ET

Milacron LLC plans to consolidate manufacturing of Uniloy blow molding equipment in Europe into its new facility in the Czech Republic city of...    More

Image

Reifenhäuser acquires German spinneret company Enka Tecnica

April 17, 2015 9:31 am ET

Germany-based Reifenhäuser GmbH & Co. KG, a major manufacturer of extrusion equipment, has announced that it is acquiring Enka Tecnica GmbH, a German ...    More

Image

Madison buys Ferry Industries

April 16, 2015 5:22 pm ET

Ferry Industries, the largest manufacturer of rotational molding machinery, was purchased by Madison Industries, a Chicago holding company that is...    More

Image

Uway beginning US extruder production June 1 in Ohio

April 15, 2015 3:28 pm ET

Uway Extrusion LLC, a 4-year-old company that builds extruders in China using components from the United States and Europe, will begin U.S....    More

Image

Rajoo eyes South American growth along with global JVs

April 14, 2015 10:52 am ET

Rajoo Engineers Ltd. is one of India's more diverse plastics machinery companies, manufacturing equipment for blown film, pipes, thermoforming, sheet ...    More

Market Reports

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

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

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

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events