Global stock markets are getting hammered this year, but plastics processing machinery manufacturers in Germany and Italy continue to earn blue chip results. The trade associations representing those manufacturers in both countries shared their look on the year-to-date results and offered predictions for sales through the end of 2011. If the glass ball is telling the truth, then machine makers have reason to smile.
In Germany, the Plastics and Rubber Machinery group within the country's machine manufacturing trade association, the VDMA, says its members expect exports of plastics and rubber machinery to continue to rise. Last year saw a robust recovery in foreign deliveries by German plastics and rubber machinery manufacturers, according to the VDMA, with annual growth of 25.6%. Despite that surge, exports fell far short of the record achieved in 2008. "There is a chance that the gap may of course close again this year," said Ulrich Reifenhäuser, chairman of the VDMA Association, who added, "German export deliveries had risen by 46.5% by the middle of 2011."
Germany is the leading exporter of plastics and rubber processing machinery. According to the VDMA, the countries with the biggest sales markets all boast significantly above-average growth rates. China ranks first with a 67% increase, followed by the U.S. with 60%, India with 95%, Russia with 80.1%, Mexico with 96.8% and Turkey with 87.3%.