Are export shares of German machines synchronous with the industrial production of export countries?

These countries accounted for 75% of machine exports from Germany in 2017. The comparison of machine exports and industrial production is useful as industrial production is an important economic indicator for the demand for machines. The Quest Export Report identifies synchronous and asynchronous developments between machine exports from Germany and the industrial production of the Read more about Are export shares of German machines synchronous with the industrial production of export countries?[…]

Machine exports to China again ahead of the USA – for the first time since 2014

Machine exports to China saved the German mechanical engineering industry from a sudden crash in the global economic crisis of 2008/2009. The export ratio to China climbed from 6.6% to 9% in the crisis, then 10.7% and reached its previous peak of 11.5% in 2011. At the same time, machinery exports to the USA, the Read more about Machine exports to China again ahead of the USA – for the first time since 2014[…]

Trade war of the US with China: Trump’s reasons for protective tariffs are misleading and hypocritical

According to Trump, the protective tariffs are intended to eliminate the "unfair" US trade deficit with China, protect jobs in the US and prevent further "theft" of intellectual property and American technology. The fact is that the numbers of the trade deficit "do not capture the true size of US business in China," according to Read more about Trade war of the US with China: Trump’s reasons for protective tariffs are misleading and hypocritical[…]

Growth trends in production and sales of the German automotive industry at new ten-year high – new Quest Report

The growth trend in car production is 2.4% per year from the beginning of 2014 to July 2018. This is almost on par with the 2.6% annual growth in world automobile production from 2007 to 2017. This July the growth trend in production reached a new ten-year high of 107.0 index points. The Quest Trend Read more about Growth trends in production and sales of the German automotive industry at new ten-year high – new Quest Report[…]

FUXIN orders coil trimming line from SMS group

FUXIN (Fujian Fuxin Special Steel Co., Ltd.; an entity of Formosa Plastics Group, Taiwan) has selected SMS group (www.sms-group.com) to supply a coil trimming line for stainless steel strip. The line is to be erected in the Fujian province of China and scheduled to start production in 2020. It will enable FUXIN to process 150,000 Read more about FUXIN orders coil trimming line from SMS group[…]

The growth rates of industrial production for 82% of German machinery industry’s export countries

The new report in the Quest Trend Magazine identifies the yearly growth rates of the global industrial production, the most important economic indicator for machinery industry and automation technology. The new report covers countries that absorbed 82% of all machine exports from Germany in 2017. These are the EU, the USA and Japan (61%), the Read more about The growth rates of industrial production for 82% of German machinery industry’s export countries[…]

Broad range of large-bore pistons and plain bearings

The International Maritime Trade fair SMM is held every other year in Hamburg, this year from September 4 to 7. KS Kolbenschmidt GmbH is displaying in hall A4, stand A4.309 various-design pistons for the international large-engine market with diameters extending from 150 to 640 mm as well as pistons for present-day dual-fuel power units. Co-exhibitor Read more about Broad range of large-bore pistons and plain bearings[…]

Exports of rubber and plastics machines more strongly focused on growth markets – new Quest Industry Report

A new industry report in the Quest Trend Magazine compares the export markets for rubber and plastics machinery with those of mechanical engineering and shows the comparatively stronger focus on growth markets. Only 37% of the industry’s exports go to the low-growing EU, while the share for the machinery industry is 49%. The BRIC countries Read more about Exports of rubber and plastics machines more strongly focused on growth markets – new Quest Industry Report[…]

YXLON China Has Moved into its New Shanghai Office Facilities

YXLON China Shanghai branch has moved its offices to the Multimedia Industrial Area, which is home to many leading companies including TÜV Rheinland and Philips. The company hopes that its move to the new, central location will not only provide an optimal working environment but also boost its business activities. As a first measure taken Read more about YXLON China Has Moved into its New Shanghai Office Facilities[…]

iTAC Software AG cooperating with GreatWall Digital Software in China

iTAC Software AG and Xi’an GreatWall Digital Software Co, Ltd. have entered into a partnership. As part of this cooperation, Xi’an GreatWall Digital Software is supporting iTAC in the implementation of the iTAC.MES.Suite in China, and will also be offering it to its customers. The partners are also developing joint industry solutions for the Asian Read more about iTAC Software AG cooperating with GreatWall Digital Software in China[…]