Global demand for mining technology from Germany remains high, says industry association VDMA Mining in its semi annual report. “Incoming orders increased by 35% and turnover rose by 40% in the first half of 2019 compared to the same period of the previous year. The upward trend in this industry therefore continues unabated. Following the difficult period between 2012 and 2017, global business has been picking up speed again over the last two years.”
The around 150 companies in the industry generated turnover of approximately €3.5 billion in 2018, around 95% of it abroad. Further growth in turnover of roughly 15% is expected for the current year. “However, the lack of political leadership worldwide makes it all but impossible to predict future development, so we must respond to the situation as it unfolds and react flexibly,” comments Dr Michael Schulte Strathaus, Managing Partner of FE Schulte Strathaus GmbH & Co KG in Werl and Chairman of VDMA Mining.