Digitalization, climate trends buoy outlook for German mining machinery – Canadian Mining Journal
The mining machinery industry in Germany expects a decline in sales of 10-15% in 2020. Nevertheless, the industry is optimistic about the future, because only state-of-the-art mining technology will be able to ensure the raw materials needed for climate protection digitization.
The importance of the mining industry in this context was emphasized by the chairman of the VDMA Mining Association, Dr. Michael Schulte Strathaus, during the annual press conference in Essen. Due to the pemic, no one is able to predict how 2021 will develop, but Schulte Strathaus is sure that incoming orders sales will develop positively in the future.
“We ensure that raw materials can be mined processed. Mining equipment is becoming increasingly environmentally friendly is making its contribution to climate targets, for example through alternative drives lower energy consumption in mines,” he said in a release.
With the expected 10-15% decline this year, sales should stabilize at between 4 4.5 billion euros.
The EU countries, the U.S., Russia, China remain among Germany’s largest export markets. Australia surprised everyone this year made it to second place among the individual markets, ahead of China Russia. With an export share of 96%, manufacturers in Germany are dependent on foreign business.
Following a very successful 2019