China ranks largest export market for German presses

In the previous fiscal year, sales of German plastics and rubber machinery manufacturers increased by 17%, exceeding the growth rate forecast for a year ago.

Ulrich Reifenhäuser, Chairman of the German Plastics and Rubber Machinery Association (VDMA), said: “The recovery has been very strong. As of the end of last year, sales growth has been higher than expected.” The Association’s forecast at the K show last year was 10-15. %.

The largest increase in sales was in markets outside Europe, with a growth rate of 19%. VDMA, headquartered in Frankfurt, Germany, issued a press release on February 15. The largest export market is China, "the United States and India ranked second and third."

Domestic sales in Germany increased by 10%, and sales to customers in the euro zone increased by 9%.

According to VDMA, German plastics and rubber machinery manufacturers' total sales in 2010 were about 4.5 billion euros, which was lower than the record high of 5.6 billion euros in 2008.

According to VDMA, many manufacturers have backlogs of orders and are now producing at full capacity. This is a good start for 2011.

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