EU machine tool industry is basically stable

The CECIMO business climate barometer, a new index released by the European Union of Machine Tool Industry (CECIMO), shows that the current EU machine tool industry is basically stable and the economic situation has gradually improved.

It is understood that the company's handheld orders have increased slightly, 60% of the companies believe demand is stable, and 27% of companies expect orders to increase. Forty-two percent of companies believe that the export potential has increased, and most companies still have spare capacity.

With the gradual recovery of the global economy, the machine tool industry has recovered significantly. EU governments and industry associations have introduced policies to help the industry regain its rapid development. The European Machine Tool Industry Cooperation Council (CECIMO) has 15 member countries and covers the vast majority of EU machine tool manufacturers. In order to maintain the competitive advantages of the European machine tool industry, CECIMO proposes to use advanced production technologies, high R&D investment, rapid innovation cycles, and a highly skilled workforce as the basis for maintaining the future competitiveness of the European machine tool industry and launch a series of Measures to increase market competitiveness.

CECIMO promotes the "Future Factory" program in the enterprise for the construction of a European technology platform to guarantee Europe's decisive voice in future investment projects with a total investment of 12 billion Euros. In addition, CECIMO also actively promotes comprehensive industrial policies that promote social economy, finance, and trade, enabling the sustainable development of European industries, thus maintaining the status of European machine tool production and research bases. CECIMO also organized the International Machine Tool Show in Europe and established the Technical Department of the European Machine Tool Industry Cooperation Committee to support the development of machine tool technologies. Some research projects such as the “EU 7th Framework Program” and “Next Generation Production System” contain some of the machine tools.

In October 2013, the MT-IX index fell by 1 point to 196 points. The market value of machine tool manufacturing companies in Japan and Korea declined, and the capital markets of the United States, Taiwan, and European Union companies performed well. Even though EU companies believe that the crisis is not over yet, there will be no significant decline in demand, and companies will only worry about new capacity investment. There are investments in growth potential areas.

The MT-IX index is based on the market value of 23 leading, listed machine tool manufacturers worldwide. The market value of these companies is weighted according to the ratio of machine tool turnover in total revenue. The total market value thus calculated can also be used to evaluate European companies globally. Share in total output (2005 = 100).