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Foundry Corporate News, GIFA 2015

04. July 2015

Delegation of purchasers from Vietnam meets VDMA metallurgical machinery producers

Delegation of purchasers from Vietnam meets VDMA metallurgical machinery producers

15 employees from seven Vietnamese companies have made the long journey to Germany to meet German partners on a purchasers’ tour for Vietnamese companies in the metal production and processing sectors. The tour was part of the market development programme for SMEs organized by the Federal Ministry of Economic Affairs and Energy. It supplemented the successful study tour by German metallurgical machinery producers who already visited the Hanoi and Saigon areas to exchange information in 2013.

The guests from Vietnam met representatives of VDMA member companies in Düsseldorf on 19 June for an information event in connection with the leading trade fairs for foundry machinery, metallurgical plants and rolling mill equipment, and thermo process technology. The event began with presentations by two companies, Oskar Frech and Maschinenfabrik Gustav Eirich, as well as by Professor Rüdiger Bähr, Department of Moulding and Shaping Technology of the University of Magdeburg. These presentations were followed by a tour of the trade fair halls of Gifa, Metec and Thermprocess which gave the visitors an idea of the latest developments in metallurgical plants, industrial furnaces and vibration control and blast cleaning technology. Visits to the plants of SMS Meer in Mönchengladbach and ABP Induction in Dortmund closing the official programme gave the visitors an opportunity to see top-grade machinery production for themselves. “Our mutual exchange of information has confirmed the considerable potential for further joint projects between Vietnamese and German partners in the metallurgical machinery sector,” Dr. Timo Würz, Managing Director of the VDMA specialist associations concerned, is pleased to report.

As of mid-year, Germany Trade & Invest (gtai) reports that the Vietnamese economy has stabilized in 2015 and that the business climate has improved. Consumption, imports and investments – especially from South Korea and Japan – are growing. For the current year, Deutsche Bank predicts real-term growth of 6.3  percent. To date, German products have only accounted for 1.8 percent of Vietnamese imports, but they have a very good reputation. In 2014, industrial companies in Vietnam imported machinery with a total value of $22.5 billion. Among exporters, Germany is in fifth place, behind China, Japan, South Korea and Taiwan. The master plans of the Vietnamese government call for the expansion of key industries, which are also to become more environmentally compatible and resource-efficient. In connection with progressive industrialization, further growth in demand for metal components and products is expected. The production of complex, high-quality special parts is still at a very early stage. Recently, Vietnam has become more attractive as a production location for international automotive component suppliers. Vietnam and the EU aim to conclude a free trade agreement this year.

For more information please contact:

Ines Polak
Market Information + Statistics + Marketing + Exhibitions
Phone: +49 69 6603-1237
Fax: +49 69 6603-2237

ines.polak(at)vdma.org

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