VDMA
Germany's VDMA is urging machine builders to target large markets for production sites.
The faltering global economy and dearth of new orders are impacting the outlook for the export-oriented mechanical engineering industry.
Although 2022 closed with a price-adjusted increase in sales of 10 percent — in nominal terms, 18 percent — for German plastics and rubber machinery manufacturers, the outlook is subdued according to the latest report from the Plastics and Rubber Machinery Association at the VDMA.
The trade group VDMA is scaling back its economic forecast for plastics and rubber machinery as orders drop so far in 2022.
Mechanical and plant engineering in Germany is increasingly suffering from material bottlenecks, according to a recent report by the German mechanical engineering industry association VDMA.
Business sentiment within Germany’s composites segment is continuing to decline, a recent half-year survey carried out by the German mechanical engineering association (VDMA) shows.
The German plastics and rubber machinery sector is expected to register a drop in sales of up to 10 percent this year, due in part to a decline in the automotive sector and the "image problems of plastics," according to the German mechanical engineering association VDMA.
German and Austrian manufacturers of plastics and rubber machinery have seen a steady growth in their staff in China, according to the latest figures published by the German mechanical engineering association VDMA.
The German machinery trade association VDMA said the 4.7 percent year-on-year decline made Turkey's economic difficulties "more and more obvious."
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