🎯 An insightful two days at #Fakuma2024 with a lots of market updates
👇 👇 👇
It's not looking like sunny days, months, or even year(s) ahead for the EU industry...
❌ Toolmakers are operating at less than 50% capacity due to a lack of new developments
❌ Material and machine suppliers have products available on short notice, with some already moving to reduced working weeks
❌ Plastic component suppliers are seeing declines ranging from -5% to -20% compared to 2023, with a pessimistic outlook for 2025
❌ TIER 1 companies are lacking CAPEX, turning to subcontractors to finance tooling and automation through piece-price agreements
❌ (P)HEV projects are exceeding volume expectations, especially with Volvo & BMW
❌ BEV projects are not ramping up as anticipated – will the EU Commission or national governments reinstate EV subsidies?
✅ On a positive note, the aftermarket (ICE) business is booming
💡 Today, the #ECB lowered interest rates and stated that "the EU is not in recession."
I’m not so sure I share that view ❗
Next week, I’ll be at the #IZB exhibition on Wednesday the 23rd, exploring new opportunities, especialy with #ISD multi-material HYBRID solutions
👉 Looking forward meeting you in Wolfsburg...
#Fakuma #IZB2024 #plastic
Check out our video from #Fakuma 2024 🎬
In this clip, Jaka Toplak dives into our product segments that are showcased in this years' Fakuma Messe in #Friedrichshafen.
Curious to learn more?
📍 Visit us at 𝗛𝗮𝗹𝗹 𝗔𝟱, 𝗦𝘁𝗮𝗻𝗱 𝟱𝟮𝟮𝟴
Mr. Damjan Mohoric, Managing Director BU Plastic Injection moulding
Mr. Tomaž Sajovic, Sales, BU Plastic Injection moulding
... or send us an email:
✉️ info@iskra-isd.si
Beeindruckend , viel Erfolg