On October 5th, the European Machine Tool Show (EMO) in Milan attracted more than 1,400 exhibitors from 39 countries. Although orders for machine tool industry in various countries have generally decreased by 60% to 70% compared with the same period in 2008, various exhibitors have demonstrated that they can resist the impact of the crisis through technological innovation and flexible use of labor time.
Milan EMO was held at a very important time. Although it is still too early to say that the machinery industry has gradually recovered, it is expected that 2010 will be a year of change in the machine tool manufacturing industry.
The European Machine Tool Manufacturers Association (CECIMO) expects European machine tool output to fall 37% year-on-year to 15.5 billion euros in 2009. In recent months, although various data have shown that the industry's decline has slowed down, there is no clear signal that the industry has entered a stable recovery phase. At present, the capacity utilization rate of most end-user industries is less than 70%, and it will take some time to gradually recover to 80%. In order to achieve a recovery in the European machine tool industry in a short period of time, it is necessary to pass technological innovation and to convince users to choose technologies that are more energy efficient, precise, environmentally friendly and clean.
At present, the world's machine tool consumption has turned to the Asian region. In 2009, China's machine tool consumption accounted for one-third of the world's total consumption. CECIMO and its member associations are aware of this trend and are guiding and promoting the development of trade by providing information and legal information from different markets.
Milan EMO was held at a very important time. Although it is still too early to say that the machinery industry has gradually recovered, it is expected that 2010 will be a year of change in the machine tool manufacturing industry.
The European Machine Tool Manufacturers Association (CECIMO) expects European machine tool output to fall 37% year-on-year to 15.5 billion euros in 2009. In recent months, although various data have shown that the industry's decline has slowed down, there is no clear signal that the industry has entered a stable recovery phase. At present, the capacity utilization rate of most end-user industries is less than 70%, and it will take some time to gradually recover to 80%. In order to achieve a recovery in the European machine tool industry in a short period of time, it is necessary to pass technological innovation and to convince users to choose technologies that are more energy efficient, precise, environmentally friendly and clean.
At present, the world's machine tool consumption has turned to the Asian region. In 2009, China's machine tool consumption accounted for one-third of the world's total consumption. CECIMO and its member associations are aware of this trend and are guiding and promoting the development of trade by providing information and legal information from different markets.
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