A report from the VDMA (the German Engineering Federation) says that mid-year business situation is highly diverse for companies in the German construction equipment and building material machinery industries.
February 27, 2012
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A report from the 1331 VDMA (the German Engineering Federation) says that mid-year business situation is highly diverse for companies in the German construction equipment and building material machinery industries.
In real terms, construction equipment orders were 11% below their year-earlier level, according to the VDMA, which represents 3,600 German and European engineering companies in Germany.
German companies once again recorded a 3 per cent increase in domestic orders but their export orders for sending machinery outside the country were 14 per cent down.
According to the VDMA the introduction of the EU-Exhaust Emission Regulation Stage III B poses a challenge for construction machinery manufacturers.
It says the expense is enormous; a great deal of investment and development capacity is necessary; for the buyers that means higher prices, and in some cases greater efficiency on the building site.
VDMA (German Engineering Federation) sees tighter regulation as “counter-productive,” and while the manufacturers have still got their hands full with refitting a
