Germany's machinery manufacturing is expected to continue to grow in 2017

    As a traditional advantage of Germany, machinery manufacturing is still in the "Industry 4.0" era. According to a latest forecast released by the German Machinery and Equipment Manufacturers Confederation (VDMA), the actual production of the German machinery and equipment manufacturing sector will still grow by 1% year-on-year, despite the current downturn in major global markets.

    As of July this year, more than one million people are engaged in the manufacture of machinery and equipment in Germany. The actual production in this field in the first half of this year increased by 1.1% year-on-year. According to statistics, German machinery manufacturing had a turnover of 260 billion euros in 2015, ranking third in the world and an increase of 2% compared with the same period of the previous year.

    “The field of machinery manufacturing in Germany is the investment area most favored by Chinese companies.” Peggy Goerlitz, expert in machinery manufacturing at the Federal Trade and Investment Agency of the German Federal Republic of Germany, quoted the agency's foreign investment report on the 31st, pointing out that Chinese companies were in Germany last year. The most investing area is machinery and equipment manufacturing, up to 15%.

    The German Federal Ministry of Foreign Trade and Investment is the German Federal Government’s foreign trade and internal investment agency. The agency provides advice and support for foreign companies entering the German market, and assists companies established in Germany to enter foreign markets.

    According to the German Federal Ministry of Foreign Trade and Investment, the opportunity for new growth in the field of machine manufacturing globally lies in the automation and digitization of production. As a driving force for development, machinery and equipment manufacturers can benefit from this trend.

    "Germany's machinery combines features such as innovation, durability, quality and efficient use of resources, so the future expansion of digital, automated and networked production will drive the German machinery manufacturing company to continue to lead in technology. International to seek this development model The company will find the best investment conditions in Germany and help them to be invincible in the world market." Claudia Gruene, Industry 4.0 expert of the German Federal Ministry of Foreign Trade and Investment, thinks like "Industry 4.0" The initiative highlighted the leading position of the German machinery manufacturing companies in the international market. "Customers in China appreciate this."

    It is reported that from the Asian International Power Transmission and Control Technology Exhibition held in Shanghai from November 1 to November 4, 2016, experts from the German Federal Ministry of Foreign Trade and Investment will introduce German companies in this field. Business.

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