German machinery group forecasts 6 percent sales growth in 2014

Published: February 12, 2014 6:48 pm ET
Updated: February 12, 2014 6:50 pm ET

Image By: Plastics News Ulrich Reifenhäuser

Related to this story

Topics Asia, Europe, Machinery

The German Plastics and Rubber Machinery Association VDMA says its members see "a great deal of optimism" in 2014, and are predicting record sales for the year.

The Frankfurt-based group said its only major reservation is with the sluggish machinery market in Asia — with the exception of China, which is still fairly robust.

"Based on association forecasts, sales are set to grow by 6 percent to 6.9 billion euros in 2014," said Ulrich Reifenhäuser, VDMA's chairman and the managing director of Troisdorf, Germany-based Reifenhäuser GmbH & Co. Maschinenfabrik, a major manufacturer of extrusion equipment.

VDMA also reported its year-end sales for 2013, in a news release dated Feb. 11.

According to the report, German plastics and rubber machinery manufacturers reported that sales were basically flat last year — down 1 percent from the record 2012 level of 6.5 billion euros.

"For the year as a whole, incoming orders exactly matched the previous year's total, albeit with a rising trend. As far as domestic orders were concerned, there was ground to be made up throughout the year," said Thorsten Kühmann, managing director of the association.

"Demand from abroad, on the other hand, stabilized, especially in the second half of the year. It is pleasing to note in this context that the rate of growth in orders from euro area countries accelerated sharply."

Exports showed growth in 2013, up 4.1 percent over the previous ear.

"Our top sales markets are proving very strong: China is more than making up for last year's dip in growth and the U.S. is also growing faster than average. The major South Asian markets — India, Indonesia and Thailand — are experiencing a pause in growth. Within the [European Union], our members' reports confirm the rates of growth in exports to Italy, Spain and Portugal," Reifenhäuser said.


Comments

German machinery group forecasts 6 percent sales growth in 2014

Published: February 12, 2014 6:48 pm ET
Updated: February 12, 2014 6:50 pm ET

Post Your Comments


Back to story


More stories

Image

North American robot sales set record

July 30, 2014 4:46 pm ET

The North American robotics sector is off to its fastest start ever, shattering last year's first-half record, with a first-half 2014 of 14,135...    More

Image

Sainsbury, Schoeller Allibert to recycle food handling crates

July 30, 2014 1:37 pm ET

British retail group Sainsbury's has contracted Dutch recycler Schoeller Allibert BV to reprocess all of its old food crates back into food-grade...    More

Image

Styrolution will open new production late 2014

July 30, 2014 12:54 pm ET

Germany-based styrenic materials group, Styrolution, has announced it is expanding its facility in Ludwigshafen, Germany.    More

Image

Magna expanding interiors site in Slovakia

July 29, 2014 1:47 pm ET

Magna International Inc. plans to nearly double the size of its manufacturing facility in Trnava, in western Slovakia, to accommodate new automotive...    More

Image

One51 adding injection molder Straight to its bin molding portfolio

July 29, 2014 10:12 am ET

Dublin-based One51 plc has had its purchase of British trash bin maker Straight plc cleared by the United Kingdom's Competition and Markets Authority.    More

Market Reports

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

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

January 14, 2015 - January 14, 2015Plastics in Automotive

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

More Events