German manufacturers of building equipment plants – including cement – reported a rise in incoming orders in 2017 of 38%, according to the VDMA. Domestic orders were up 46%, while orders from outside of Germany were up 46% with the US the largest market for German equipment.
“We anticipate that incoming orders will once again grow in the double-digit range this year,” commented Hermann Weckenmann, Chairman of the Building Material Plants Group of the VDMA. Speaking at the recent Building Materials Plants Day in Frankfurt, Weckenmann forecast a significant demand increase from emerging countries and China.
Weckenmann also highlighted one of the key risks of 2018: the increase in protectionist economic policies in key markets. “We need free trade, because as small and medium sized business, we cannot afford to build up production in every country in the world,” Weckenmann said. “We are dependent on exports!”
The VDMA Building Materials Plants Day is an annual event, bringing together suppliers to the cement, lime, gypsum, dry mortar, concrete, glass and ceramics industries.
Read the article online at: https://www.worldcement.com/product-news/05042018/a-positive-year-for-german-building-materials-plant-suppliers/