The German Machine Tool Association recently announced that it expects German machine tool production to drop by 40% this year. After a record five-year peak, the German machine tool production value reached 14.2 billion euros in 2008, and is expected to return to 1999 levels in 2009.
The German Machine Tool Association Chairman Welk pointed out: "In the past two years, the experience of the German machine tool industry can only be described by special circumstances." The blind confidence that the market demand will continue to grow has led to an increase in the international demand for manufacturing. To a record level. Many large international consumer companies have made the decision to lock in the international market share in advance by expanding production capacity on a large scale. This “demand bubble†was finally shattered in the financial crisis at the end of last year. The direct result was that Germany experienced a sharp decline in orders from the machine tool industry.
Facing the challenges of the current severe situation, Welk stressed: "Germany as a machine tool production area is an extremely important link in the chain connecting users, machine tool industry equipment suppliers and distributors." From the automotive industry to the machinery manufacturing industry, From the aerospace industry, the electrical engineering industry, the metallurgical industry to the metalworking industry, productivity and supply chain efficiency will form the basis of German economic competitiveness.
Welker said that getting enough liquidity in the coming weeks, months or even years is an important issue for the industry. When conditions permit, medium-sized companies should first obtain sufficient liquidity to obtain financial support in business and research and development. Referring to the policy, he stressed that the loan funds provided through the economic stimulus plan should be paid as soon as possible. At present, the allocation process of funds is still slow. Due to the loan procedures and the banks with different procedures, the process is very complicated.
Despite this, the German machine tool industry is still in a good position in the global manufacturing sector. Welk is convinced that the machine tool industry will benefit once market demand regains momentum. Because the machine tool industry has enhanced its own advantages through optimization and adjustment. More importantly, it is also an initiative to promote economic recovery by manufacturing companies to reduce costs through technological transformation.
In fact, in terms of cost control, even in times of economic prosperity, the German machine tool industry is very cautious about increasing labor force. At the peak of the period, the industry has less than 72,000 employees. The machine tool industry is one of Germany's top five manufacturing industries, providing manufacturing technology for metal processing in all industries, thus making a significant contribution to the innovation and development of industrial production. The key role of the machine tool industry in industrial manufacturing and industry development has brought vitality to the overall industrial economy. In 2008, the German machine tool manufacturing industry was less than 72,000 (counted by more than 20 companies), and the total industrial output value reached 14.2 billion euros, the highest in the history of the industry, an increase of 12% over the 2007 output. In this sense, despite the impact of the financial crisis, the recovery of the German machine tool industry is still full of confidence.
The German Machine Tool Association Chairman Welk pointed out: "In the past two years, the experience of the German machine tool industry can only be described by special circumstances." The blind confidence that the market demand will continue to grow has led to an increase in the international demand for manufacturing. To a record level. Many large international consumer companies have made the decision to lock in the international market share in advance by expanding production capacity on a large scale. This “demand bubble†was finally shattered in the financial crisis at the end of last year. The direct result was that Germany experienced a sharp decline in orders from the machine tool industry.
Facing the challenges of the current severe situation, Welk stressed: "Germany as a machine tool production area is an extremely important link in the chain connecting users, machine tool industry equipment suppliers and distributors." From the automotive industry to the machinery manufacturing industry, From the aerospace industry, the electrical engineering industry, the metallurgical industry to the metalworking industry, productivity and supply chain efficiency will form the basis of German economic competitiveness.
Welker said that getting enough liquidity in the coming weeks, months or even years is an important issue for the industry. When conditions permit, medium-sized companies should first obtain sufficient liquidity to obtain financial support in business and research and development. Referring to the policy, he stressed that the loan funds provided through the economic stimulus plan should be paid as soon as possible. At present, the allocation process of funds is still slow. Due to the loan procedures and the banks with different procedures, the process is very complicated.
Despite this, the German machine tool industry is still in a good position in the global manufacturing sector. Welk is convinced that the machine tool industry will benefit once market demand regains momentum. Because the machine tool industry has enhanced its own advantages through optimization and adjustment. More importantly, it is also an initiative to promote economic recovery by manufacturing companies to reduce costs through technological transformation.
In fact, in terms of cost control, even in times of economic prosperity, the German machine tool industry is very cautious about increasing labor force. At the peak of the period, the industry has less than 72,000 employees. The machine tool industry is one of Germany's top five manufacturing industries, providing manufacturing technology for metal processing in all industries, thus making a significant contribution to the innovation and development of industrial production. The key role of the machine tool industry in industrial manufacturing and industry development has brought vitality to the overall industrial economy. In 2008, the German machine tool manufacturing industry was less than 72,000 (counted by more than 20 companies), and the total industrial output value reached 14.2 billion euros, the highest in the history of the industry, an increase of 12% over the 2007 output. In this sense, despite the impact of the financial crisis, the recovery of the German machine tool industry is still full of confidence.
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