Volume 37, Issue 9, September 2002
construction equipment industry is cautiously optimistic about the future,
reported the German Engineering Federation (VDMA). For the first four months of
the year, domestic and export order intake for construction equipment increased
by 3 percent compared to last year. Domestic orders for building material
machinery, however, showed a 1-percent decline, while export orders rose 8
to Dr. Reinhold Festge, VDMA chairperson, the 2002 sales value of construction
equipment will be down an estimated 2 percent, but building machinery is
expected to grow by 2 percent. At the associationís board meeting, Festge said
the combined sales for both divisions will be 7.3 billion Euro, making the 2002
final result only 1 percent below that of 2001.
the VDMA also reported that the value of construction equipment sales to the
United States for 2001 was 505 million Euro. During 2001 construction equipment
exports amounted to 3.32 billion Euro, and, according to the association, sales
for 2002 will end with a 5- to 10-percent increase.
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