Bumper 2011 but 2012 will see sales decline says VDMA
The German Plastics and Rubber Machinery Association, the VDMA, has raised it sales forecast for German plastics and rubber machinery sales. According to the association, the recovery that began in the last quarter of 2009 was sustained in 2011. “The growth in incoming orders for German plastics and rubber machinery continued into the third quarter,” said Ulrich Reifenhäuser, chairman of the VDMA. “On that basis, we are raising our sales forecast for the current year from 18 to 22%.” As a result German manufacturers’ sales are set to rise to a new all-time high of just under €6bn in 2011. “Between January and September, new orders increased by 15%,” added Thorsten Kühmann, the association’s managing director. “Orders from customers in Germany rose by 13% year-on-year, while those from abroad recorded a 16% increase over the same period. However, based on last year’s very high level, the rates of growth in incoming orders slowed as the months went by.” The VDMA, however, anticipates a decline in sales of 7% in 2012. “This will have been a record year for many firms in the industry, but they expect the economy to slow down again next year,” said Reifenhäuser.