The mood at the annual general meeting of the German Plastics and Rubber Machinery Association today was upbeat, as were the results for 2020 presented there.
"After a difficult start, which was characterised by major challenges including a lockdown, incoming orders showed a rapid increase from the summer onwards," Ulrich Reifenhäuser, Chairman of the Plastics and Rubber Machinery Association in the VDMA, reported.
This was evident, not only in the sectors where this might be expected such as the packaging and medical industries, but also in the automotive and the construction industries. While the latter has been booming for some time, the automotive industry has been notoriously reluctant to invest for several years now.
"All this resulted in a 7% increase in incoming orders compared to 2019, making plastics and rubber machinery manufacturing one of the few machinery sectors to close out 2020 with fuller order books than in 2019," Reifenhäuser said.