Associations
VDMA: Large industrial plant engineering sector well prepared
Bookings by members of the German Large Industrial Plant Manufacturer’s Group (AGAB) increased to a record 32.8 billion Euro in 2008 compared to 32.4 billion Euro in 2007 (Fig. 1). “Since the beginning of the upturn in 2003, bookings have risen by 115 %, which is an unprecedented rate of growth,” reported AGAB spokesman Dieter Rosenthal from SMS DEMAG Aktiengesellschaft following publication of the current executive report. “However, there has been a noticeable drop off in demand since the middle of 2008. Orders were up by 15 % during the first six months, but they declined by 11 % in the...
