Press Releases

Last year, the German machine tool industry supplied around 27 percent of its production to the automotive industry and its suppliers, according to the latest customer structure survey conducted by the VDW (German Machine Tool Builders' Association) among its members.

Following the delivery difficulties, market lockdowns and logistics bottlenecks it experienced during the pandemic, the German machine tool industry is now looking intensively at how it can position itself more broadly on the global market. With its Innovations in Production Technology – German Machine Tools Symposium on 10 July 2024 in Kuala Lumpur, the VDW (German Machine Tool Builders' Association) helped its members gain a stronger foothold in new growth markets.

Following the successful premiere of GrindingHub in May 2022, the second edition of the industry meeting place for grinding technology took place in Stuttgart from May 14 to 17, 2024. Around 500 well-known manufacturers from 31 countries presented numerous innovations along the entire grinding technology process chain at the trade fair.

Orders received by the German machine tool industry in the first quarter of 2024 were 24 percent down on the same period last year. Orders from Germany fell by 2 percent whereas those from abroad dropped by a more considerable 32 percent.

Around 500 exhibitors and more than 11,100 visitors – that was the outcome of GrindingHub 2024 which finished today after four successful days. "The trade fair has developed very well since its successful launch two years ago: The strong figures and the positive mood at GrindingHub speak for themselves," concluded Dr. Markus Heering, Managing Director of the organizer VDW (German Machine Tool Builders' Association). Sebastian Schmid, Vice President at cooperation partner Messe Stuttgart, said: "Grinding is one of the most important machining processes. We are delighted that we have been able to offer the grinding technology community a platform here…

GrindingHub 2024 was officially opened today. The international trade fair for grinding technology is being held in Stuttgart for the second time.