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    dihw MAGAZIN

    Feature articles from research and industry from the basis of the comprehensive editorial content about specific usage and application of tools with superhard coatings.

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    positive expectations after 23 percent drop in sales

    Precision molds 2020

    "German precision tool manufacturers suffered a 23 percent drop in sales in 2020," Stefan Zecha, chairman of the Precision Tools Association within the VDMA, told at the online press conference, adding, "Despite all the uncertainties, we are confident that we will be able to achieve a production value of around €9.4 billion this year.“

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    intertool 2024
  • Corona came as an accelerant on the fire of a crisis in important customer segments, such as the automotive industry and mechanical engineering, which has already been blazing since 2019. Zecha: “However, what saved us last year in particular was that our customers can realize productivity gains with new tooling concepts without major investments.” On the other hand, the original equipment business in 2020 was correspondingly meager. The export-heavy industry was only able to prevent major losses on the Chinese market. In all other countries, including the domestic market, business declined sharply. According to various companies, a positive trend in orders has been noticeable again since November. This makes tool manufacturers confident that the investment knot will be untied in the foreseeable future.

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