Russo-German machine tool business is weakening

At the Metalloobrabotka 2014, the international trade fair for the metalworking sector, held in Moscow from 16 to 20 June 2014, the German machine tool industry showcased its capabilities with 134 exhibitors on a net exhibition area of around 4,000 m². “That’s a new record and shows that the German manufacturers are determined to show the flag in the important Russian market”, said Dr. Wilfried Schäfer, Executive Director of the VDW (German Machine Tool Builders’ Association), speaking to Russian journalists at a press conference.
Press release