Featured Image

International News From the Field: Europe

Mar 29, 2023

Recently, CECIMO, Europe’s machine tool builders association, published data for 2022 showing growth compared with previous years and predicting cautious optimism for 2023.

VDW, the German Machine Tool Builders' Association, expects machine tool production to grow 9% in 2023, reaching $15.5 billion. The expectation is based on Europe largely overcoming the effects of the pandemic. The order levels are only just short of 2018’s record, while production levels are back to the heights they previously recorded.

AFM Cluster, Spain’s organization that represents the country’s advanced and digital manufacturing interests, reported that the advanced manufacturing and machine tool sector reached a turnover of $1.7 billion in 2022, which is up 9.7% compared to 2021. Although cautious, Europeans are moderately optimistic and trust that current portfolios and positioning in strategic sectors, such as energy, aerospace, capital goods, or automotive, will do well through the year.

UCIMU-Sistemi per Produrre, Italy’s machine tool and manufacturing technology association, reported a 2.5% increase compared to the last quarter of 2021. The Italians consider this performance satisfactory for the quarter, whereas the industry would consider it exceptional.

The association for Switzerland's mechanical and electrical engineering industries, SWISSMEN, reported improvements in sales in the past year. Compared with 2021, sales were up by 9.4%, exports were up 5.6%, and new orders received were up 2.4%. For 2023, business expectations are cautiously optimistic.

A few recently announced projects and investment news items are listed below.

  • As part of its EV strategy in the electrification and digitalization fields, VW announced an investment of $482 million to transform its main plant, Wolfsburg, by early 2025 to produce the new ID.3 platform.

  • The VW giga factory in Sagunto, Spain, is expected to reach a production capacity of 150 million battery cells annually. Martorell, Sagunto, and Pamblona plants should receive up to $10 billion in combined investment.

  • Diamond Foundry will invest $850 million in a new plant in Spain to produce single-crystal diamond chips used for jewelry and in semiconductor industries such as cloud and AI computing, 5G/6G communications, and electric cars.

  • Stellantis’ Cassino assembly plant in Italy, which produces vehicles for premium and luxury brands Alfa Romeo and Maserati, will add vehicles based on the flexible, BEV-centric STLA Large platform to their production lineup. The models will be announced at a later date. Stellantis is investing over $32 billion through 2025 in electrification and software to deliver BEVs that meet customer demands, including class-leading fast-charge capabilities.

  • Alstom is opening a new production plant in Valmadrera, Italy. Investments worth $2 billion will be made to install new numerical control machinery, a quality laboratory testing machine, and automatic storage systems.

  • Continental has invested approximately $194 million to expand its headquarters and for new equipment for its engineering centers in Romania, where the number of employees has increased to 19,000 from 17,500 in 2021.

  • Creaform, a business unit of AMETEK Inc. and a worldwide leader in portable 3D measurement solutions and engineering services, announced the opening of a new repair center next to its France office in Fontaine, near Grenoble. This endeavor sends a strong message of support and autonomy for the community in the EMEA region, as the company can now leverage solid calibration and acceptance results locally.

For more information, please contact Conchi Aranguren at caranguren@AMTonline.org.

PicturePicture
Author
Conchi Aranguren
AMT's Representative for Europe
Recent international News
Europe shows resilience amid global pressures and declining export demand from China and elsewhere. Will interest rate cuts and strong private consumption improve the 2025 forecast for modest growth? For more industry intel and other tidbits, read on.
Despite Europe’s recent decline in industrial production in a challenging, complex landscape, investment opportunities in defense, semiconductors, and key industries point to a potential recovery in 2025. For more industry intel and other tidbits, read on.
Despite broader challenges and a downbeat outlook, the EU remains attractive, boasting some bright spots. Regardless of what comes next, business opportunities continually emerge across various sectors. For more industry intel and other tidbits, read on.
European markets face another challenging forecast due to uncertainties in trade with the United States and ongoing fiscal tightening. Will the region manage to avoid a recession? It seems likely. For more industry intel and other tidbits, read on.
Despite signs of improvement in recent months, Europe still faces both short- and long-term challenges. Will the region remain a valuable diversifier for businesses? Current investments suggest it will. For more industry intel and other tidbits, read on.
Similar News
undefined
International
By Fred Qian | Jul 01, 2025

China’s manufacturing PMI signals headwinds, but long-term growth is projected. The country shows resilience, with new investments flowing in and manufacturing technology consumption staying strong. For more industry intel and other tidbits, read on.

4 min
undefined
International
By Mike Lauer | Jun 24, 2025

Vietnam's economy is flourishing. With positive trends in FDI inflows and impressive GDP growth forecasts, the market is poised for business expansion. For more industry intel and other tidbits, read on.

5 min
undefined
International
By Arun Mahajan | Jun 10, 2025

With a much higher manufacturing PMI, India outperforms other developed and emerging markets. Key factors sustaining the country’s growth include strong private consumption and a robust service sector. For more industry intel and other tidbits, read on.

5 min