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VDMA Woodworking Machinery

02-06-14

Broad market reanimation expected in 2014

02-06-14

Research as a joint task for the years to come

Cologne, 23rd May, 2014 – „As orders developed so well, especially towards the end of last year, it is looking very optimistic for further business performance. From today’s point of view, the woodworking machinery industry should be able to close the year 2014 with a turnover increase of up to five percent,” explained Wolfgang Pöschl, Chairman of the VDMA Trade Association and Weinig, during the VDMA Trade Association Woodworking Machinery members’ general meeting in Cologne on 23rd May, 2014.

 

Russian-Ukrainian conflict is unsettling

But the unsolved conflict between the Ukraine and Russia could put a spoke in the trade’s wheel. Russia with a volume of 177 million Euros is Germany’s most important export market for woodworking machinery. This corresponds to a total export’s share of around ten percent. German producers export machines for around 15 million Euros to the Ukraine. That means that the country was at rank 24 last year. „Currently we cannot plan for the Russian or the Ukrainian market. The insecurity for investors, but also for us machine suppliers here is very high,“ Pöschl stressed. The negative development on the Russian market already began last year. The fall of the Rubel and rising financing difficulties led to a decrease in orders by the Russian wood and furniture industry months ago. This has become far more obvious with the Ukrainian conflict. “A large number of Russian clients is no longer able to receive loans, or only at immensely high costs. Machine Construction is hoping for a rapid diplomatic solution of the conflict. Only then will the good relationships to Russian and Ukrainian clients that have existed for decades be able to be kept in a good way,” added Pöschl.

 

Association drives pre-competitive joint research

The positive outlook for the running year must nevertheless not disguise the facts that the German Woodworking Machinery Industry is in v