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17.04.2011|Good order intake for machine tools from China

GILDEMEISTER successful at the CIMT in Beijing​​​​​​​

Bielefeld. With order intake of € 45.2 million and 234 machines sold, together with its subsidiary, DMG China, GILDEMEISTER takes positive stock of the most important machine tools trade fair in Asia, the CIMT in Beijing. The result from the industry highlight, which ended last Saturday, confirms the strong demand for machine tools in China.

The CIMT proved to be very successful this year with orders to a value of € 45.2 million (2009: € 22.5 million); it takes place every two years. As the largest European exhibitor, GILDEMEISTER presented 28 exhibits, including 5 premieres for Asia, to a Chinese trade public over an area of about 1,500 square metres. At the DMG booth 13,537 trade visitors from 7,390 companies sought information on trend-setting technologies as well as on industry-focused solutions for the “aerospace”, “automotive”, “medical” and “energy” sectors. The complete ECOLINE series generated particular interest. The technologically high-quality machines “Made in China“ offer access to turning and milling machining to a broad global market segment at attractive entry prices. In total, 482 employees are currently employed at DMG Shanghai Machine Tools Co. Ltd. as well as at the sales and service companies of DMG China. All the companies made a profit in financial year 2010.

China is the largest sales market worldwide for machine tools with a continuously high rate of growth. The state sponsored programmes, in particular for industry and education, are speeding up the constant high demand for machine tools. The boost triggered by the CIMT is confirming GILDEMEISTER’s Asia strategy. Actual figures on the first quarter of 2011 will be published on 5 May 2011.

GILDEMEISTER Aktiengesellschaft
The Executive Board

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Statements relating to the future:

This press release contains forward-looking statements, which are based on current estimates of the management of future developments. Such statements are based on the management's current expectations and specific assumptions. They are subject to risks, uncertainties and other factors, which could lead to the actual future circumstances, including the assets, liabilities, financial position and profit or loss of GILDEMEISTER, differing materially from or being more negative than those expressly or implicitly assumed or described in these statements. The business activities of GILDEMEISTER are subject to a series of risks and uncertainties, which may result in forward-looking statements, estimates or forecasts becoming inaccurate. Should one of these factors of uncertainty or other unforeseeable event occur, or should the assumptions on which these statements are based prove incorrect, the actual results may differ materially from the results stated, expected, anticipated, intended, planned, aimed at, estimated or projected in these statements. Forward-looking statements must not be understood as a guarantee or assurance of the future developments or events contained therein.