As a base of the machine tool industry, Europe not only accounts for one-third of the world's machine tools in terms of output value, but also exports three-quarters of its products to all parts of the world. Export is an important driving force for the development of the European machine tool industry.

The European Machine Tool Industry Cooperation Council (CECIé„„MO) has 15 member states with 1,600 companies and its production value accounts for more than 97% of Europe. In 2010, according to CECIMO statistics, the output value of machine tools of each member country totaled 16.6 billion euros (equivalent to approximately US$21.5 billion US dollars), of which exports were stable at 12.3 billion euros.

2010 was not the peak year for the value of European machine tools, which peaked in 2008 and was 24 billion euros. Although the financial crisis caused serious impact on European machine tools, its output value in 2009 dropped by 37% year-on-year. However, starting in the second half of 2009, imports from Asia, including China, quickly restored orders for European machine tools. According to CECIMO statistics, the volume of orders in the first half of 2010 increased by 48% year-on-year. In the first nine months of the year, China's machine tool products imported from Europe were almost similar to those imported from Japan.

For the future of Asian and Chinese market expectations, the European machine tool industry is full of confidence. In 2010, machine tool consumption in Asia accounted for 60% of the global total, and CECIMO expects it to account for 70% by 2015. Martin Kapp, president of the German Machine Tool Manufacturers Association VDW, said that production will increase by 30% in 2011.

In addition, a “Commercial Confidence Survey 2011” from the European Union Chamber of Commerce in China also showed that up to 57% of the companies surveyed in this year’s global business have made it clear that the strategic position of the Chinese market will continue to rise, compared with only 40% last year. Visiting companies hold this view. In particular, the industrial products and service industries are currently planning to make new investments on an unprecedented scale. Nearly 71% of the respondents in the industry have plans to make major new investments in the next two years.

This survey result coincides with the current investment status of European machine tool companies in China. The top of EMAG's machine tool in Germany announced in Beijing in April this year that the company has doubled its sales in the Chinese market in 2010, and "for 2011, sales will not be doubled if not doubled." He Haoran, president of EMAG China, also stated that the area of ​​their Taicang factory will be doubled, and it will prepare to establish a new factory in Nanjing to produce parts and components. In the future, it will form a production base in Nanjing and a technical center in Taicang.

For the same consensus, SKF Group President and CEO Tommy Johnston stated in Dalian in March that SKF will establish a new plant in Jinan, Shandong Province with a total investment of approximately 590 million Swedish kronor (about 600 million Multiple yuan), covers an area of ​​16,000 square meters.

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