Machine tools

Inka Krischke,

Production remains at record level in 2019

The German machine tool industry is expecting production to grow by 2% in 2019, according to the annual press conference of the German Machine Tool Builders' Association (VDW).

"For 2019, the German machine tool industry is expecting further production growth of 2% to EUR 17.4 billion," explains Dr. Heinz-Jürgen Prokop, Chairman of the VDW.

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The German machine tool industry is one of the five largest branches of mechanical engineering. It supplies production technology for metalworking to all branches of industry. In 2018, the industry produced around. 73,500 employees (annual average 2018, companies with more than 50 employees) produced machines and services worth around 17 billion euros.

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