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METALEX 2019: Dr Wilfred Schäfer press statement

Source:Ringier Metalworking

Date Published:11/29/2019 09:11:13 AM

Excerpts from Dr Wilfred Schäfer, Executive Director of VDW (Germany Machine Tool Builders' Association)'s opening speech at the METALEX 2019 in Bangkok, Thailand.

Dr Schäfer said that the boom years for machine tool industry has quieted since the fourth quarter of 2018. However, there are some encouraging signs, namely countries in which consumption is still substantially. These include Thailand, which with growth of 7.2% leads the Asian nations. With this dynamic performance, the country is positioned internationally too, among the five most successful markets at present, which include Hungary, Poland, Switzerland and Slovakia.

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