Frankfurt, Germany (February 28, 2012) Germany's plastics and rubber machinery industry achieved sales of 6 billion euros in 2011, setting a record high in 2008.
According to statistics from the German Plastics and Rubber Machinery Association (VDMA), sales to German domestic markets climbed by 18%, while exports rose by 25%.
According to VDMA, headquartered in Frankfurt, Germany, although sales to euro-zone countries are relatively small, they still increase by 15%.
VDMA Chairman Ulrich Reifenhäuser said in a press release: “From the perspective of the whole year of 2011, the number of new orders has risen again by 3% at the relatively high level of the previous year. However, the growth rate shows a monthly declining trend and the fourth quarter is new. The number of orders decreased year-on-year, but the number of new orders for the previous year as a benchmark was already high."
He said: "Many of the companies' orders are full, making them busy for months."
According to VDMA, the export of plastics and rubber machinery has returned to pre-crisis levels.
Reifenhäuser said: "German manufacturing companies have achieved above-average growth in exports to the United States, China, Russia, Turkey and South Korea." External exports will hit a record high of more than 4 billion euros.
About half of the German companies interviewed plan to expand their staff in the first half of 2012. According to VDMA, nearly three-quarters of companies surveyed increased their number of employees in the first half of 2011, and more than two-thirds of the companies increased their number of employees in Germany in the second half of 2011.
According to statistics from the German Plastics and Rubber Machinery Association (VDMA), sales to German domestic markets climbed by 18%, while exports rose by 25%.
According to VDMA, headquartered in Frankfurt, Germany, although sales to euro-zone countries are relatively small, they still increase by 15%.
VDMA Chairman Ulrich Reifenhäuser said in a press release: “From the perspective of the whole year of 2011, the number of new orders has risen again by 3% at the relatively high level of the previous year. However, the growth rate shows a monthly declining trend and the fourth quarter is new. The number of orders decreased year-on-year, but the number of new orders for the previous year as a benchmark was already high."
He said: "Many of the companies' orders are full, making them busy for months."
According to VDMA, the export of plastics and rubber machinery has returned to pre-crisis levels.
Reifenhäuser said: "German manufacturing companies have achieved above-average growth in exports to the United States, China, Russia, Turkey and South Korea." External exports will hit a record high of more than 4 billion euros.
About half of the German companies interviewed plan to expand their staff in the first half of 2012. According to VDMA, nearly three-quarters of companies surveyed increased their number of employees in the first half of 2011, and more than two-thirds of the companies increased their number of employees in Germany in the second half of 2011.
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