Business News

Apr 16, 2009, 13:19 GMT

Gearbox and hydraulics suppliers survive on old orders

Berlin - Gearbox and hydraulics suppliers in Germany still have work in hand thanks to a pipeline of past orders, their federation said Thursday, four days before the industry's principal fair opens in Hanover. The sector, a key supplier to engineering companies and the car industry, saw orders plummet in the fourth quarter of last year as business customers scrambled to reduce output and costly stockpiles of parts. In its assessment, the gearbox and hydraulics section of Germany's VDMA machinery industry federation said, 'Sales at the moment are still being sustained by the good volume of orders we took last year. 'In the gears sector, the average order book in February contained 7.4 months of work, while the hydraulics and pneumatics sector had 3.6 months of orders in hand. At the moment, we cannot offer a cogent and reliable forecast for the year 2009 as a whole.' The industry' worries were likely to be reflected at the five-day Hanover Fair which begins on Monday. World gear and hydraulics suppliers are to show new products at a special Motion, Drive & Automation section, which is held only every second year at the fair

And Also

Look Back at the Worst Celebrity Breakups

Look Back at the Worst Celebrity Breakups - PopEater
Office 2010 confirmed for June 2010 - The Tech Herald
Left 4 Dead 2 DLC News Coming Soon - Cinema Blend
'Brangelina' Author Sees Split in '15-18 Months' - PopEater
A&E series 'Hoarders' and 'Intervention' premiere Monday, Nov. 30th, preview

Your Talkback on this Story

Similar articles

Anuga food fair in Cologne features unusual eatables (Feature)
Fashion Week and Bread & Butter start in Berlin, capital of fashion
Subcontractors in Germany warn 100,000 jobs may go
Merkel picks up signs of hope at Hanover Fair
No end to slump in sight, Siemens warns

Latest Headlines in Business

Older Talkback

Business: Index

: News; Features; Currency Conversion

Latest Pics

Michael Stuhlbarg

Shohreh Aghdashloo

From Sites we Like

Seven inventors who need a kick square in the balls [Amusing]
Needy kids who would like a free toy for Christmas, take one step forward. NOT SO FAST, illegal immigrant niños e niñas [Interesting]

More Not News from Fark

In Monsters and Critics

: Arts; Books; DVD; Gaming; Lifestyle; Movies; Music; News; People; Science & Nature; Sport; TV; Archives
Other Languages and Sites: Deutschland (Monsters and Critics); The Tech Herald; Free Games

Entertainment: Arts; Books; DVD; Gaming; Movies; Music; People; Soundtracks; TV
Media: Celebrity Photos; Movie Pictures; Movie Trailers; Movie Posters; Theatre Stills; Celebrity Video; Music Video
Released this week: Movies - USA; Movies - UK; DVD - USA
Distractions: Online Games; Daily Crossword; Sudoku Classic; Daily Jigsaw

World News: US; UK; Americas; Europe; Middle East; Asia Pacific; South Asia; Africa; Business; Education; Health
Science and Tech: Science and Nature; Technology
Lifestyle: Autos; Fashion; Life; Travel

Corporate

: About; Advertise; Contact; The Team; Vacancies; Privacy; RSS; Site Map; Terms; Webmasters

The Fine Print

© 2003 - 2009 by Monsters and Critics.com, WotR Ltd. All Rights Reserved. All photos are copyright their respective owners and are used under license or with permission. * Note M&C cannot be held responsible for the content on other Web Sites.

Servers supplied by Servint