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European Machine Tool Builders Commit To Growth-Based Industrial Strategy

Europe: The European Machine Tool Industry Association (CECIMO) has announced its support for the “Joint Declaration For An Ambitious EU Industrial Strategy”, joining over 125 other European manufacturing associations.

The declaration calls on the European Commission, the European parliament and the Competitiveness Council to reaffirm a commitment to achieving 20 percent of GDP from industry within an “ambitious and realistic” timeframe; to adopt an “action plan” for tackling the challenges that EU industrial sectors face, including specific steps and milestones; and to commit to implementing this action plan in a timely manner, with regular reports on progress.

“If European machine tool builders want to keep up with market trends, they need to be increasingly agile, develop new solutions that match the changing needs of machine tool users, and focus on incremental innovation, offering continuously improved goods and services to customers,” said Luigi Galdabini, president of CECIMO and managing director of Galdabini, a forming machine and press builder.

Based in Brussels, CECIMO is a union of trade associations for over 1,500 companies across the European Union, companies who are responsible for up to 98 percent of machine tool production in the region. The organisation has previously advocated coordinated efforts to promote EU industrial growth.

“Consequently, technology centres spread across Europe can join forces with manufacturing SMEs and help them in responding to these evolving demands. At the strategic level, machine tool builders need more policy instruments that foster the link between research and business, and they also call for incentives, which underpin cross-border collaboration in Europe and support the internationalisation of manufacturing SMEs,” Mr Galdabini added.

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