German machinery sector grows, future looks bright

Buoyed by the results for 2016 announced earlier today, German plastics and rubber machinery manufacturers are viewing 2017 with optimism.

According to the latest report from the German plastics and rubber machinery association VDMA, exports grew 5.1% in 2016 to over €4.9bn.

Registering a 15% growth in incoming orders in the first quarter of 2017, VDMA foresees a 4% rise in turnover for this year, to €7.7bn.

The association also expects growth to continue in 2018, albeit at a slower pace, at…

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