”2022 has a good chance of being a successful year for the German machine tool industry,” said Franz-Xaver Bernhard, chairman of the VDW (German Machine Tool Builders’ Association) at the association’s annual press conference in Frankfurt last week. The industry has been experiencing a strong and broad-based upswing in terms of its markets and customer sectors since last year. In fact, orders received by the German machine tool industry in the fourth quarter of 2021 were 51% up on the previous year’s figure. The VDW is now forecasting a 14% increase in production for 2022.
For further information