According to reports, in the first quarter of 2012, orders for the German machine tool industry fell by 7% year-on-year; among them, domestic orders fell slightly by 1%, while overseas orders fell by 9% on the basis of last year's record high.
Mr. Wilfried Schäfer, executive director of the German Machine Tool Manufacturers Association (VDW), said that the capacity utilization rate in the German industrial sector is still high; in order to complete the order, the company is still expanding. In addition, the demand for molding technology in Germany has played a role in stability. Molding technology is mainly used in long-term projects such as the automotive industry. As a result, the large order in the first quarter of 2012 increased orders for the next phase by more than 20%.
Despite the European crisis, orders in Southern Europe have fallen, but orders in other parts of Europe, such as Northern Europe, the UK, and France, continue to grow. Mr. Schäfer said, “The German machine tool industry has performed well. From the point of view of the order, the output growth in 2012 is almost certain. The German Machine Tool Manufacturers Association expects the increase to reach 5%. Despite the slight decline in demand, This has already been taken into account in pricing; in the current situation, companies still have room to carry out strategic development and develop their business into Asia."
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