AFM Reports Slight Market Decline in Spain
The Spanish manufacturing association reports that it “weathered the storm” that was an uncertain 2014 for the country’s manufacturing sectors.
Advanced Manufacturing Technologies of Spain (AFM) has published a report on that country’s manufacturing developments during 2014, including a slight market decline as well as the growth of Addimat, AFM’s new additive manufacturing association. AFM reports that despite a decline of 3.2 percent in machine tool turnover and manufacturing technologies, the sector as a whole managed to maintain positive annual balances, with the exception of metal forming with a decrease of 19.6 percent.
AFM President Antxon López Usoz comments: “We can say that we have weathered the storm of a year of great uncertainty in which some of the markets where we had achieved important orders over the last few years were exposed to tension and different types of changes that have caused destabilizing effects. This is the case with Russia and, to a lesser extent, Brazil.” He also noted that other markets buoyed sales for Spain, including a recovering U.S., U.K., Portugal, Italy and France. Mr. Usoz predicts slight growth over 2015.
Addimat, created December 2014 by AFM, grew to include 64 member companies in the first three months of its inception. The association will have a special exhibition area at the Subcontracting Fair of Bilbao May 26-29 in which 14 of its member companies will participate.
Advanced Manufacturing Technologies of Spain, visit afm.es.
