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June 12, 2018
Germany: Positive forecasts for woodworking machines orders in 2018
German woodworking machines manufacturers have increased production by 10.4% in 2017, to EUR 3.2 billion. "We have set a record year and far exceeded the original forecast of 5%," said Wolfgang Pöschl, chairman of the Woodworking Machinery Association in the VDMA, at the general assembly of the VDMA trade association in Leipzig. Pöschl was also optimistic about the year 2018: "We expect further growth of around 8% in the current year." This would increase production in Germany to more than EUR 3.4 billion. Drivers of the development ...
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