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NEWS


VDMA sees 10% sales dip in 2019


German plastics machinery makers are bracing them- selves for a sales decline of at least 10% in 2019. VDMA, the trade body


that represents manufactur- ers, says that first-quarter orders are already down by 10%, compared with the same period last year. It says that factors such as an automotive downturn, the China-US trade conflict and a poor ‘image’ for plastics are contributing to the dip. “Investments [in automo-


tive] are virtually at a standstill,” said Thorsten Kuhmann, managing director of the association. Overall, extrusion machinery accounted for 15.4% of total production – a slight rise from the previous year’s 14.9%. Overall sales for 2018


rose by 2% to €7.9bn (US$8.8bn), though at the same time new orders fell by 1%.


Exports rose by 1.5% for


the year, to more than €5.4bn (US$6.0bn), though this was offset by an 11%


China 15.7


USA 15.1


Thinking.


Kuhmann: “Investments in automotive are virtually at a standstill”


decline in sales to other Eurozone countries. China imported €853m (US$954m) of German machinery in 2017. This 19% increase made it the top export market in place of the USA – which bought 3% less machinery than in 2017 for a total of €820m (US$917m). The two countries each account for around 15% of Germany’s exports. The next three export


markets are Poland, Italy and Mexico, which each account for around 4.5% of the total, said VDMA. � http://kug.vdma.org


Poland 4.6 Italy 4.5


Mexico 4.3 France 3.8


Others 40.8


UK 2.6


German machinery exports by destination, 2018 (%) Source: VDMA


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P.O. Box 10 10 06 _ 40001 Düsseldorf _ Germany Tel. +49 211 4560 01 _ Fax +49 211 4560 668


www.messe-duesseldorf.de Czech Republic 3.0


Spain 2.9 India 2.7


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