At the spring meeting of the European Machine Tool Industry Council (CECIMO), the Chairman of the European Commission, Mr. Manuel Barroso, pointed out in a report that the machine tool industry plays an important role in the entire manufacturing industry. The development of the machine tool industry has restored the European economy. Sustainable growth has a vital role to play. He also stressed that the EU international negotiating organization is working hard to find more emerging market opportunities for major export industries such as machine tools. At the meeting, the CECIMO Economic Commission made predictions for the development of the European machine tool industry in 2011: In 2011, the total output value of the European machine tool industry is expected to increase by 22% year-on-year, totaling 20.2 billion euros; Orders for the machine tool industry in 2011 will increase by 66% compared to 2010; The trade surplus in 2011 will reach 9 billion euros, a 25% increase from the 2010 record; At the same time, the CECIMO Economic Commission also promised to adopt a firm trade policy to maintain the position of the European machine tool industry in the international market. Since the strong growth of new orders in the European machine tool industry in 2010, shipments of European machine tools will increase by 22% in 2011, which will be the strongest rebound in CECIMO machine tool sales in recent years. However, this outstanding result is still about 20% lower than the industry's highest record in 2008. The recovery in the European market is still slow, but with the strong import and export, CECIMO's trade surplus has reached a record 7.1 billion euros. The CECIMO Economic Commission said that this record will continue to be refreshed, driven by continued growth in exports in 2011, and is expected to reach 9 billion euros this year. Frank Brinken, chairman of the CECIMO Economic Committee, pointed out that the recovery of the European machine tool industry is mainly due to the growth of overseas orders, especially in the Asian market. He said that despite the fierce competition in the Asian market, CECIMO is still working hard to open up this market.
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Abstract At the spring meeting of the European Machine Tool Industry Committee (CECIMO), the Chairman of the European Commission, Mr. Manuel Barroso, pointed out in a report that the machine tool industry plays an important role in the entire manufacturing industry.