Data economy in mechanical and plant engineering
At the 23rd Financing Day of the mechanical and plant engineering industry in NRW, VDMA NRW focused on the data economy and corporate financing in challenging times.
Klaus Möllemann
Outlier upwards
In October 2024, incoming orders in the mechanical and plant engineering sector in North Rhine-Westphalia were up 7 per cent year-on-year in real terms.
Still no turnaround
Incoming orders in North Rhine-Westphalia’s mechanical and plant engineering sector in September 2024 were 14% down on the previous year in real terms.
Competitor China
China’s mechanical engineering industry continues to catch up, products from the Far East are getting better and are almost always cheaper. China is not only striving for technological supremacy locally, but also internationally.
Significant increase in demand despite challenging environment
In April 2024, incoming orders in the mechanical and plant engineering sector in North Rhine-Westphalia exceeded the previous year’s figure by 22% in real terms.
Mechanical engineering NRW: Customers outside the eurozone provide a ray of hope
In March 2024, incoming orders in the mechanical and plant engineering sector in North Rhine-Westphalia were 12% higher than in the previous year.
Mechanical engineering NRW: Slight decline in February
In February 2024, incoming orders in the mechanical and plant engineering sector in North Rhine-Westphalia were 3% down on the previous year.
Recruitment in service and sales
Qualified, ready to work and willing to travel – these are the qualities that desired personnel for service and sales need to have. On the other hand, there are absences lasting several days, low predictability and short-term assignments.
Mechanical engineering NRW: Year closes with a clear loss
In December 2023, incoming orders in North Rhine-Westphalia’s mechanical and plant engineering sector fell short of the previous year’s level by 25% on a price-adjusted basis.
INNOspace Masters enters the next round
INNOspace Masters promotes ideas for the transfer of technology and know-how from other industries to the space sector or from the space sector to non-space sectors.