According to the VDW, orders received by the German machine tool industry in the third quarter of 2019 were 25 per cent down on the same period last year.
Volvo’s plant at Olofström, Sweden, produces more than fifty million car body components per year using AutoForm sheet metal simulation software.
The metal enclosures market is expected to witness category spend growth of US$ 200 million between 2018-2023.
In the next months, a few important issues should be finalised by the European Commission: product liability, intellectual property rights, and US-EU trade deal.
The stainless steel market is set to experience an impressive spend growth owing to the exponential demand of the 300 series grade stainless steel among end-user industries.