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The European Power Industry will recover with a plus of 10%
The European Power Industry will recover with a plus of 10% and reach nearly the result of 2008 in the year 2011 - EUROTRANS Training Sessions will continue in 2012
On invitation of the Swiss Association of Gears and Transmission Elements within SWISSMEM, the European power transmission engineering industry held its Board meeting on 3rd November 2011 in Zurich, Switzerland.
Theo Maas, EUROTRANS President and CEO Mechanical Drives, Siemens AG, I DT MD, described the situation in 2011 for the European power transmission industry as a very positive development, even if the European situation is still volatile. Nevertheless some European power transmission companies have already reached the results of the very successful year 2008.
In 2011, the European power transmission industry (without bearings) will reach a plus of 10 % to more than 13 billion Euro. For 2012, the industry expects a plus of 3%. "The conditions in our branch are still good. The atmosphere is positive and we are sure, that the growth will continue."
Theo Mass: "The European power transmission industry is still competitive to Asia and the USA because we have well educated people and great organized production processes."
