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Spanish machine tool builders expect more growth
An
AFM product story
Edited by the Manufacturingtalk editorial team
May 29, 2007
The Spanish Machine Tool Builders' Association - AFM - during its recently held General Assembly expects sustained growth in 2007 - sales were up by 19% in 2006.
The recent General Assembly of the Spanish Association of Machine Tool Manufacturers took place on April 27, 2006, in San Sebastian, attended by the heads of the main companies in the sector.
In 2006, Spanish machine tool manufacturers' new orders grew 19% with respect to 2005, emphasising the entry of orders from export markets, which has increased 24.7%, compared to the 3.8% in the domestic market.
This trend has been maintained in the first quarter of 2007, presenting an increase of 26.7% with respect to the first quarter of 2006.
The sector's production in 2006, in definitive figures, has grown 8.23% with respect to the previous year, reaching EUR 978.89 million, nearer and nearer to the highest figure obtained by the sector: EUR 990 million reached in 2001.
Exports amounted to EUR 557.95 million, which signifies an increase of 11.87% with respect to 2005.
representing 57% of total production.
Exports coverage compared to imports is 121.09%, and the machine tool sector generates surplus in the balance.
The ten main destinations for Spanish exports this year have been Germany, followed by France, Mexico, Italy, the United States, China, the United Kingdom, Portugal, India, and Brazil.
Exports to these ten countries represent 71.1% of the total of our exports in 2006.
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