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Machine Tools Cecimo’s Kapp: Manufacturing can help lead Europe out of growth crisis

Editor: Eric Culp

One way to end Europe’s malaise might be on the back of manufacturers, according to Martin Kapp, president of Cecimo, the European Association of the Machine Tool Industries. “The manufacturing industry is a strong candidate to be the central pillar of economic growth in Europe,” Kapp said in an interview published in the spring edition of Cecimo Magazine.

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Cecimo President Martin Kapp wants Europe’s leaders to create policies that support industry to help end the region’s weak growth.
Cecimo President Martin Kapp wants Europe’s leaders to create policies that support industry to help end the region’s weak growth.
(Source: Cecimo)

In an age of government cutbacks and penny-pinching, he warned European leaders against creating policies that could harm industry and thereby reduce the region’s chances for prosperity. “While implementing fiscal austerity measures, policymakers should not shift their attention away from structural policies which will underpin economic growth. Manufacturing has a great potential to boost economic growth in Europe.”

See: Eurozone manufacturing nears 3-year low in May

Kapp, who was elected Cecimo president last year, called on government to pave the way for increased manufacturing success. “In order to unleash the growth potential of our sector, we expect from the EU decision makers sufficient support for innovation, an industry-friendly and predictable regulatory framework for energy efficiency and facilitated market access for our exports and investments in high-growth markets outside Europe.”

Europe’s technical prowess and changes in the world economy bode well for the region, he said. “In the face of societal and economic challenges, we have to reconsider our current economic development model; we need to shift to more sustainable consumption and production patterns. Not only Europe, but the entire world. This will happen, sooner or later. The advanced manufacturing industries such as machine tools will enable us to produce the energy and resource-efficient products and services of the future while generating high value-added jobs.”

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