German woodworking machinery reaches record sales in 2018
In the five years from 2014 to 2018, the production of German manufacturers of woodworking machinery increased from 2.4 billion euros to 3.4 billion euros. This growth has brought many companies to their capacity limits and delivery times have sometimes increased to more than a year. “Despite the looming economic slowdown in several international markets, we expect to maintain this high level in 2019,” says Pekka Paasivaara, Chairman of VDMA (The German Mechanical Engineering Industry Association) Woodworking Machinery, at the “Ligna Preview” in Hanover in early February. In the first three quarters ...
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