German mining equipment manufacturers see little affect from financial crisis, so far

Germany’s mining equipment manufacturers have hardly been affected by the financial crisis so far. For the coming year, they are predicting that the total turnover will increase by 10% to €3.3 billion. Peter Jochums, Chairman of the VDMA German Mining Equipment Association, noted this at the annual press conference in Zeche Zollverein. The VDMA says: “Recently, some orders have been cancelled, especially by East European customers; however the manufacturers are not affected by massive drops like in other economic sectors.” (more…)

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