U.S. is suddenly the global bright spot for machine sales

Düsseldorf — The United States is suddenly the star in the global market for injection molding machines. That was one of the highlights of the Engel press presentation at K2013.Demand for machines in the Americas will grow 6.3% this year, while global demand will drop 6.4%, according to forecasts made by Dr. Peter Neumann, CEO of Engel (Schwertberg, Austria). "Demand for machines in the United States which had dropped to 1400, are surprisingly back up to 4000," Dr. Neumann said at a press conference. Demand for machines in Mexico is also very strong. Strong business conditions in the United States are driven in part by the shale gas revolution which is lowering natural gas prices.