Germany machinery firms report record sales in China

Published: March 29, 2012 6:00 am ET

Related to this story

Topics Machinery, NPE 2012

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

Gear pump maker Witte expands in Germany and USA

July 25, 2014 2:15 pm ET

Witte Pumps & Technology GmbH, the German maker of gear pumps for extrusion, has moved into a new headquarters factory in the Hamburg area, and the...    More

Image

Munson Machinery expanding assembly, testing operations

July 22, 2014 2:02 pm ET

Munson Machinery Co. Inc. is expanding its headquarters factory by about one-third in Utica, N.Y., where the company makes mixing, blending and size-...    More

Image

Windmöller & Hölscher looking to continued growth in China

July 21, 2014 3:40 pm ET

With 2013 global sales of 600 million euros, China has grown into an important export market for Windmöller & Hölscher KG, second only to the United...    More

Image

Thermoforming Technology Group adds Lyle Industries to its portfolio

July 18, 2014 2:48 pm ET

Thermoforming Technology Group LLC has expanded its thermoforming equipment presence with the acquisition of Lyle Industries Inc.    More

Image

Milacron names Gallagher COO

July 17, 2014 1:41 pm ET

U.S. machinery maker Milacron LLC has named John J. Gallagher III as Chief Operating Officer for its Melt Delivery & Control Systems, Fluid Technologi...    More

Market Reports

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events