In 2010 the value of German tool sales reached 3.4 billion Euros, a respectable 25 percent increase on the previous year. In the first half of 2011 sales increased by 16.8 percent. The FWI Association of German Toolmakers (Fachverband Werkzeugindustrie e.V.) emphasises that for many years healthy sales have been considerably bolstered by exports, and that growth in two figures is nothing unusual. The Association says that one reason is the high reputation for quality enjoyed by tools ‘Made in Germany’; also the steady investment made by firms in new products and efficient internal company processes. Rainer Langelüddecke is chief executive of the FWI: “Firms did their homework during the last crisis and the following period.” read more…
Kristina Hölscher – 09. December 2011
Categories: DIY, General, Hardware, News, Press
Tags: Association, Export, Outlook, Value
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