VDW ups production output forecast for 2018

Posted on 25 May 2018 and read 515 times
VDW ups production output forecast for 2018In the first quarter of 2018, order bookings in the German machine tool industry rose by 22% compared to Q1 2017. Domestic orders were up by 39%, while orders from abroad increased by 15%.

Wilfried Schäfer, executive director of Frankfurt-based VDW (the German Machine Tool Builders’ Association), said: “Our sector is continuing to turn in a highly dynamic performance during 2018, building on last year’s excellent performance.

"Domestic orders remain the prime mover, and metal-cutting and metal-forming technologies made equal contributions to the first quarter’s growth.

“Based on a sizeable increase in orders last year, which is set to continue, we are raising our forecast for production output growth from 5 to 7%.”

Dr Schäfer also said the VDW is confident that the global economy “will continue to offer a good business environment for the industry’s investments.

“The upturn in demand stands on a broad foundation in terms of both technologies and markets.”

Be seen in all the right places!

Subcon 2019 Tornitura Show MTA Vietnam 2019 EMO 2019 Advanced Engineering 2019 Metalex 2019 Machine Tool Indonesia 2019 MACH 2020

Machinery-Locator
The online search from the pages of Machinery Market.

Salvagnini P4 2112 with TAE 51
Max bending length 2200mm
Max width of finished panel 1500mm
Max diagonal of incoming sheet 2650mm
Max bending length 2200mm Max width of finished panel 1500mm Max diagonal of incoming sheet 2650mm...
World Machinery Ltd