German precision machine tool sales increased 21% in 2011

A few days ago, Lothar Hung, chairman of the Association of Machine Tool Manufacturers of the German Machine Tool Manufacturers Association, pointed out that in 2011 Germany's precision machine tool manufacturers had achieved very good results and they were looking forward to another brilliant achievement in 2012.

According to the company's higher debt speculation, Germany's precision machine tools will not have much growth in 2012. Hong En stated that the period of booming of the major customer industry has ended, thus predicting the sales growth of precision machine tools in 2012 was only 7%. In 2011, German precision machine tool companies achieved sales of 10.2 billion euros, a year-on-year increase of 21%. Thanks to the expansion of production in the automotive and machine tool industries, sales of cutting machine tools and fixtures have increased significantly. Process measurement and monitoring technologies have also achieved good results. Machine tools have achieved their first harvest since the financial crisis.