The EMO World Tour has reached its final in Iran, where the VDW is already supporting the trade relations of German machine tool manufacturers with various activities. In order to prosper in the long term, the country needs to promote diversification in the industrial sector, asserted VDW CEO Dr. Wilfried Schäfer at the press conference in Tehran. Modernizing existing production facilities is among the most pressing issues in this regard.

Good prospects for the export of German machine tool manufacturers. Still, the numbers are far from previous peak levels, but they are steadily increasing. For example, German machine tools manufacturers supplied goods worth around 34 million Euro in 2016, 63 percent more than in the previous year. Further, an excellent increase in bilateral trade is expected for 2017.

Photo: VDW