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.
A Cement + Minerals road show to South America, organised by the German VDMA, is said to have been a success. The event was arranged by the Association on Construction Equipment and Building Material Machinery, part of VDMA, along with seven of its member companies. In 2012, Latin America represented 7.6% of all exports done by German manufacturers of mining machinery equalling €5.78 billion/US$7.6 billion). These markets ranked fifth among the biggest export countries following Russia, Australia, the USA,
The German mining machinery market is at a record high, according to the German Engineering Federation, VDMA.
Mining machinery manufacturers based in Germany hardly suffered from the financial crisis, said VDMA president Dr Thomas Lindner. Since 2007, their annual turnover has grown by about 13% on average. In 2011, growth was nearly 27% and turnover then increased by another 28% in 2012 to reach €6.2bn.
The German mining machinery market is at a record high, according to the German Engineering Federation, VDMA.
Mining machinery manufacturers based in Germany hardly suffered from the financial crisis, said VDMA president Dr Thomas Lindner. Since 2007, their annual turnover has grown by about 13% on average. In 2011, growth was nearly 27% and turnover then increased by another 28% in 2012 to reach €6.2bn.
