“The machine tool department is now taking a faster and more aggressive production pace than last fall,†said VDM executive director Dr. Wilfried Schfer. “This is reflected in our first quarter sales, which is growing at a 45% rate. The order volume is close to the 2007 full year high.
It also performed well in terms of capacity utilization. It reached 93.8% in April this year, almost close to the peak level in 2008. The backlog of orders in February this year has reached 8.7 months, which is also quite close to the high peak in 2008. The machine tool department currently employs 64,100 people, almost the sum of 2010.
The German machine tool industry ranks among the top five mechanical engineering business units in the country. It provides the required production technology for metal processing in all industrial sectors and makes an important contribution to improving industrial productivity. Due to its critical position in the output of industrial production, its development is also an important indicator of the economic vitality of the entire industrial sector. In 2010, the German machine tool industry's products and services totaled 9.9 billion euros and employed 64,100 people (more than 20 companies). Compared to 2009, this is equivalent to a drop of 3 percentage points in industrial output.
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