FRANKFURT, GERMANY (Sept. 23, 12 p.m. ET) — Last year saw a robust recovery in foreign deliveries by German plastics and rubber machinery manufacturers, according to a Sept. 20 news release by the VDMA, the German Plastics and Rubber Machinery Association.
But in spite of annual growth of 25.6 percent, exports fell far short of the record achieved in 2008.
“There is a chance that the gap may of course close again this year,” said Ulrich Reifenhaeuser, VDMA chairman, in the statement.
Reifenhaeuser added that “German export deliveries had risen by 46.5 percent by the middle of 2011.”
Countries with the biggest markets all show significantly above average growth: China showed a 67-percent increase, followed by the United States with 60 percent, India with 95 percent, Russia with 80.1 percent, Mexico with 96.8 percent and Turkey with 87.3 percent.
The industry's sales rose 35 percent in the first half of this year.
“Based on the current forecast sales will rise by 18 percent over the year as a whole,” said Thorsten Kühmann, managing director of the association. He feels growth may top the 20 percent mark, so that the industry may reach an all-time high again or even exceed it.
The forecast is for sales growth to continue in 2012, with new orders from customers in Germany rising by 21 percent and those from abroad by 24 percent, VDMA predicts.