VDMA Glass Technology: Business in 2011 Better than Expected

Date: 24 November 2011
Source: http://www.refractories-worldforum.com
Turnover posted by German manufacturers of glass machinery and plants is to reach some EUR 800 million in 2011.

This constitutes a slight rise over the previous year. For 2012, too, the sector is once again expecting slight growth, as reflected in the results of a member survey recently carried out by the VDMA sectoral representation Forum Glass Technology. According to the poll, positive business signals are primarily coming out of the special glass and solar thermal energy sectors. Companies rate photovoltaics as uncertain and hard to predict while for many manufacturers this is a key business area. Overall, most respondents rated their business outlook as good to satisfactory. Europe is still the most important sales market.

Business with Turkey is flourishing, in particular. However, demand in Russia is now also rising after a long crisis period. Asia’s growth markets remain strong, particularly India and China. Companies are also seeing good prospects in Latin America in the medium term. The pressure of competition is presenting a challenge for the sector worldwide. According to a survey, customers are increasingly demanding “turn key projects” which can often only be realised with cooperation partners.

This entails risks. The same applies when realising all-in-one solutions where plant manufacturers also have to supply financing arrangements – a demand made by more and more customers. Furthermore, Asian machinery manufacturers are now also offering high-tech solutions, thereby constituting serious competition here, too.   Another challenge: despite individual efforts made in the field of recruitment, the sector lacks well-trained staff and engineers. Companies fear this situation will worsen in the years to come when long-serving staff will leave companies to retire (11/2011).

600450 VDMA Glass Technology: Business in 2011 Better than Expected glassonweb.com
Date: 24 November 2011
Source: http://www.refractories-worldforum.com

See more news about:

See more from these topics:

Others also read

The 25th glasstec which will be held in Düsseldorf from October 23 to 26, 2018 will be delivering a new conference concept. Martin Gutmann, German federal guilt master, will be the new President. From December onwards the stand spaces will be allocated.
he members of the VDMA Glass Technology Forum unanimously elected Egbert Wenninger as their new Chairman for the next three years during their General Assembly in Düsseldorf.
Every year, one industrial sector eagerly awaits the International Technology Roadmap for Photovoltaic (ITRPV). VDMA members explain how mechanical engineering in Germany reacts to the trends mentioned in the ITRPV using practical examples.
A positive underlying feeling made for a good mood among the German machinery and plant manufacturers at glasstec 2016.
Grenzebach will be presenting data spectacles at glasstec that are capable of revolutionising remote maintenance.
Ultrathin, flexible, functional or smart – glass as a product is gaining new attributes and characteristics through technological innovation.

Add new comment