FRANKFURT, GERMANY - Produc-tion of German plastics and rubber machinery continued its rebound in 1995, growing 12 percent, according to VDMA, Germany's trade association for factory equipment. VDMA said German production of plastics and rubber equipment was valued at $4.4 billion in 1995.
Although the report marked the second straight growth year, Germany's important machinery sector still has not fully recovered from the slump of 1991-93. VDMA said the value of 1995 production is still about 10 percent below 1990, the peak year.
Injection presses led the way last year, growing 23 percent, to $931 million. Extruders also had a good year, growing 10 percent, to $862 million. Blow molding machines remained unchanged at $228 million.
Germany exports about 70 percent of its machines - or in 1995, $3.1 billion worth of machines. VDMA said 13.7 percent of that export output went to the United States, with a total machinery value of about $425 million.
Other European countries bought about half of the exports, or $1.5 billion worth. Another $828 million in machines went to the fast-growing Asian market.
The Indian market grew a whopping 65 percent. According to VDMA, Germany now sells nearly as many plastics and rubber machines to India as it does to Italy. India has topped the Netherlands and Switzerland as a market.
The report was issued by VDMA's Rubber and Plastics Machinery Division in Frankfurt.