The German mining machinery market is at a record high, according to the German Engineering Federation, VDMA.
Mining machinery manufacturers based in Germany hardly suffered from the financial crisis, said VDMA president Dr Thomas Lindner. Since 2007, their annual turnover has grown by about 13% on average. In 2011, growth was nearly 27% and turnover then increased by another 28% in 2012 to reach €6.2bn.