VDW increases production forecast for 2018German machine tool industry takes off
According to the VDW, incoming orders in the German machine tool industry rose by 22% in the first quarter of 2018 compared to the same period of the previous year. Domestic orders increased by 39%. Foreign orders grew by 15 percent.
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Dr. Wilfried Schäfer, Executive Director VDW (German Machine Tool Builders' Association), Frankfurt am Main (Image: VDW)