Cutting-edge technology from Europe
Precision tools are a speciality of the European market. Their quality allows manufacturers around the world to produce high-technology parts and components for sophisticated applications. The innovative spirit of the industry is the trump card for the emerging recovery after the Corona crisis. We present some of the highlights recently launched by international toolmakers.
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(Source: Mapal)
In a recent statement, Ecta President Markus Horn highlighted the importance of European cutting tool manufacturers on the common market. 60 % of cutting tool exports from the 27 EU member states do not leave Europe, Horn pointed out. Another 13 % of total deliveries go to the other European countries. This means that Europe is the sales market for almost three quarters of our European tools. After Brexit, exports to the UK also declined by 28 %, while the deliveries from the UK fell even more sharply, by 29 %. Italy also reported very sharp declines in orders — of around a quarter in the first nine months of 2020 — due to the imposed company closures. But at the end of the year, production in the automotive industry in Italy picked up again strongly, giving cause for hope.