2011 European machine tool industry emerged from the crisis to open up the Chinese market

Recently, Filip Geerts, Director General of the European Machine Tool Industry Cooperation Committee (CECIMO), analyzed the development status of the European machine tool industry and predicted the future development.

Since the end of 2009, orders accepted by European machine tool manufacturers have been growing. In the first half of 2010, its growth rate almost reached more than 50% in the same period of 2009. Recent statistics show that although international orders are growing at double-digit rates, growth has slowed. The European machine tool industry has traditionally been export-oriented, but European customers are still the core support of the industry. Because manufacturing has always been an important part of the European economy and the main driver of economic recovery.

After the financial crisis broke out, US President Barack Obama proposed the slogan "The United States has to return to manufacturing." The Japanese government has also taken measures to control the M&A of the machine tool industry. In order to completely get out of the crisis and maintain a strong European industrial base, CECIMO has taken corresponding measures.

CECIMO is a leader in the world's machine tool industry associations, mainly due to its cutting technology and perfect solutions. In order to maintain the leading position of European manufacturing and the development of enterprises, EU policy makers expressed support for manufacturers to launch initiatives to revitalize research and development capabilities and develop new solutions. Recently, the European Union has issued a series of initiatives, one of which is Key Energy Technologies (KET), which will play a very important role in promoting future products and services. As one of the six KET's advanced manufacturing systems, it is able to produce products efficiently, environmentally and sustainably between departments.

As the main supplier of machine tools in the Chinese market, CECIMO has established a good relationship with China. CECIMO's reputation is based on innovation and the provision of high quality manufacturing solutions for overseas industries. CECIMO welcomes free international trade rules that are not subject to any regulations, administrative and procedural procedures, and strives to break the implementation of policies that undermine the interests of suppliers and users.

More and more European manufacturers have decided to open factories in China, creating more added value and providing more job opportunities for China. Of course, the modernization of Chinese products has also been promoted through its latest technology. CECIMO stated that it is necessary to ensure respect for intellectual property rights, because the protection of intellectual property rights is essential for any economy to achieve sustainable development.

According to FilipGeerts forecast, from the current order dynamics, the production of the European machine tool industry in 2011 will be significantly better than 2010, but the industry will not return to the 2008 level in the near future, the industry will maintain a balanced and sustainable development.
 

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