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VDMA: Orders tripled in October!

 Last Update: 2022-08-26
 Source: Internet
 Author: User

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At the beginning of the year, the German plastics and rubber machinery industry, like almost all industries, was hit hard by the Covid-19 pandemic

Ulrich Reifenhäuser, President of the Plastics and Rubber Machinery Association of the German Machinery Manufacturing Federation (VDMA), said: "On the domestic side, orders for the plastics and rubber machinery industry in September and October this year performed very well.
Year-over-year, we saw a 13% increase in orders, and in October, the order book was even double what it was a year ago

Thorsten Kühmann, Managing Director of the VDMA Industry Association, added: “This means that the German plastics and rubber machinery industry is turning the corner

In terms of foreign trade, the monthly exports of the German plastics and rubber machinery industry in May this year were significantly lower than the same period last year

Import and export of German plastic and rubber machinery industry in 2020 and 2019

The positive development trend makes VDMA and the German plastics and rubber machinery manufacturers even more hopeful for the future

According to the latest data from the VDMA, sales revenue in the German plastics and rubber industry fell by 14% from January to October this year compared to the same period last year

"This means that the German plastics and rubber machinery industry is expected to return to 2019 levels in 2023," Kühmann said

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