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RDH Mining Equipment sold to SMT Scharf AG for $8 million

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Germany’s mining equipment manufacturers have come out of recession. Following a decline in turnover of approx. 21 percent down to EUR 2.8 billion this year, read more >

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Despite the financial and sovereign debt crisis, German mining equipment manufacturers stay on course for success. After posting record sales growth of 27% last year, companies expect turnover to grow by a further 20% to EUR 5.8 billion ($7.6 billion) in 2012.

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Germany’s mining equipment manufacturers have hardly been affected by the financial crisis so far. For the coming year, they are predicting that the total turnover will increase by 10% to €3.3 billion. Peter Jochums, Chairman of the VDMA German Mining Equipment Association, noted this at the annual press conference in Zeche Zollverein.

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