Abstract According to a report released by the European Machine Tool Industry Association, the output value of European machine tools in 2012 is expected to reach 22 billion euros (about 28.4 billion US dollars), an increase of 6% over 2011, and the growth rate is significantly slower than last year's 25%. The report said that the 2012 European machine...
According to a report released by the European Machine Tool Industry Association, the output value of European machine tools in 2012 is expected to reach 22 billion euros (about 28.4 billion US dollars), an increase of 6% over 2011, and the growth rate is significantly slower than last year's 25%. The report said that in 2012 the European machine tool industry showed good export performance and weak internal demand, and future growth will rely more on foreign orders.
The report said that the reduction in machine tool investment reflects the cautious attitude of European companies on the development prospects, especially in southern Europe. With the slowdown in European manufacturing, the number of internal machine tool orders in Europe is expected to decrease by 77 million euros ($93.33 million) in 2011.
Martin Kapp, president of the European Machine Tool Industry Association, said that the association's export orders in 2011 were close to a record 16.7 billion euros (about 21.5 billion US dollars). This year, it continued to maintain steady growth. The good export performance proves the competitiveness of European machine tools. Especially in the Asian, North American and South American markets.
The European Machine Tool Industry Association has called on the EU and EU member states to adopt positive policies to stimulate manufacturing growth. In 2011, about half of the exports of the European machine tool industry were sold to non-European regions, and the proportion of non-European regions continued to increase. Therefore, the EU needs to actively promote the conclusion of free trade agreements. The European Machine Tool Industry Association expressed disappointment that the European Union has postponed the signing of a free trade agreement with India, fearing that Japan and South Korea, which have signed a free trade agreement with India, will gain a competitive advantage.
The European Machine Tool Industry Association consists of 15 national associations representing nearly 1,500 industrial enterprises in Europe and Turkey, 80% of which are SMEs, accounting for 97% of the machine tool manufacturing capacity in the region and also accounting for one-third of the global machine tool manufacturing capacity. One.
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