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Cecimo EMO Milano 2015 a bright reflection of a positive trend in European machine tool production

Editor: Barbara Schulz

Europe/Italy - European machine tool production is estimated to increase to €23.6bn in 2015 (+3%), Cecimo, the European Association of the Machine Tool Industries, said at a press conference during the recently held EMO exhibition in Milan, Italy.

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Alfredo Mariotti, Director of EMO Milano, which took place from 5 to 10 October 2015, expects the global use of machine tools to reach Euros 60bn in 2015.
Alfredo Mariotti, Director of EMO Milano, which took place from 5 to 10 October 2015, expects the global use of machine tools to reach Euros 60bn in 2015.
(Source: Schulz)

Europe - Together with the European economy, the European machine tool (MT) production also intensified in 2014. According to Cecimo, it grew by 1.3% to reach €23.0bn.

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Since the European MT industry exports worldwide, it is affected by two opposing trends, Cecimo explained at a press conference during the recently held EMO exhibition in Milan, Italy. First, a slowdown in emerging markets makes these reduce their investment in industrial machinery. Secondly, growth is relatively stable in developed markets like Europe and North America, which implies more investment in industrial machinery. Both trends considered, European machine tool production is estimated to increase to €23.6bn in 2015 (+3%), Cecimo said.

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