Bearing Company supports the EU's export machine manufacturer

 European machine tool shipments grew by 6% of its value in 2012 than the previous year 8364, #; 22.2 billion. However, the region's machine tool clutch bearing continue to rely heavily on export growth, business confidence in the European market deterioration. Information dissemination CECIMO, the European machine tool industry association, it also predicts that global demand will increase this year, new orders for machine tools by 15% to # 8364; 22.5 billion (or $ 29.5 billion). CECIMO is a 15 national associations of machine tool manufacturers, accounting for about 1,500 industrial enterprises in the European Union, the European Free Trade Association (EFTA), and Turkey, covering over Europe and the world more than 33% of the machine's total of 97%.
    2012 total exports, total exports # 8364; 18.8 billion ($ 24.6 billion) in 2012, accounting for 85% of total shipments. This is a 9% increase over 2008, a record annual shipments CECIMO machine setup. In contrast, the European machine tool consumption reduced by about 2% in 2012 and 2011. Weak consumption in the European machine tool industry in Europe is becoming a worrying trend, but in emerging markets, enjoying their market success, CECIMO said. The group said that in the 2008-2009 economic crisis, the region's machine tool manufacturer by the credit crunch and the increasing availability of limited financial resources. Economic uncertainty on the company's investment activities, while the financial institutions to apply for the loan criteria, exclusion from their investments in small and medium enterprises combined machine, because of its performance highly cyclical, it said.