German machine tool companies join hands to explore emerging markets in China

Abstract : With the continuous development of the economy, China has become prominent in the international market. It is the largest machine tool market in the world and the largest importer of machine tools. Germany has advanced manufacturing technology in the field of machine tools and has good cooperation with China. In 2010, China ranked 7th among the major machine tool suppliers in the German industrial sector.

China is the world's largest machine tool market and the largest importer of machine tools. China and Germany have good cooperation in the field of machine tools. In 2010, China ranked 7th among the major machine tool suppliers in the German industrial sector. Germany imported about 74 million euros of machine tools from China, an increase of 50% over 2006, including parts, accessories and lathes.

In addition, in 2010, 21% of China's imported machine tools were from Germany. This means that Germany is the second largest machine tool supplier in China's industrial sector after Japan. German machine tool exports have doubled since 2006 and have been relatively less affected by the international financial crisis. Since the end of 2009, there has been double-digit growth in orders, and in the second half of 2010, there were even There has been a three-digit increase in the month. For the whole year of 2010, the order book volume increased by an average of 85%, and the latest machine tool delivery reached 1.7 billion euros.

Hein, the marketing director of the German Machine Tool Manufacturers Association, said that China has a good technology base and a very fast machine tool industry, and German machine tool manufacturers attach great importance to innovation. Sino-German can cooperate extensively, such as establishing a technical base to jointly develop and manufacture machine tool products. , expand to more emerging markets.
 

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