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Plastics and rubber machinery sales reach a new all-time hig
 “The growth in incoming orders for German plastics and rubber machinery continued into the third quarter. On that basis, we are raising our sales growth forecast for the current year from 18 to 22%.” That statement from Ulrich Reifenhäuser, chairman of the VDMA Assn., a key lobbying group and service provider to the engineering industry in Europe. Reifenhäuser also leads the extrusion technology equipment supplier of the same name.

German manufacturers’ sales are set to rise to a new all-time high of just under six billion euro in 2011. The VDMA has 3000 member companies.

“Between January and September 2011, new orders increased by 15%,” added Thorsten Kuhmann, the association’s Managing Director. “Orders from customers in Germany rose by 13% year-on-year, while those from abroad recorded a 16% increase over the same period. However, based on last year’s very high level, the rates of growth in incoming orders slowed as the months went by.”

The VDMA noted in its release that the industry anticipates a decline of 7% in 2012, and Reifenhäuser summed up the mood in the sector: “This will have been a record for many firms in the industry, but they expect the economy to slow down again next year.”

Source: http://www.plasticstoday.com/articles/record-plastics-and-rubber-machinery-sales-reach-new-all-time-high-europe-1219201105
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