16/08/2006 - Eastern Europe is spearheading growth in the packaging machinery industry as new EU states attempt to muscle in on the Western market, says a new report.
Manufacturers, mainly in Eastern Europe but also in the Middle East, and Africa (EMEA), are turning to automation and robotics as a means of speeding up lines, making production more efficient and reducing labour costs as they expand their sales opportunities.
The report, published by IMS research, indicates that the drive for automation technology is likely to increase the overall value of the packaging machinery market to €11.3bn by 2009.
IMS calculates that new EU member states and Russia will account for the strongest growth in machinery demand, with annual sales increasing 10 per cent. Coupled with the expansion in other EMEA markets, the machinery industry should sustain 4.3 per cent annual compound growth over the next three years.
Thursday, August 17, 2006
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