Germany’s nanotechnology industry on the up
Nanotechnology manufacturers in Germany are positive about their economic recovery in 2011, as many reported sales increases of up to 15% during the first half of the year, according to the IVAM Microtechnology Network.
European Plastics News staff
Posted 22 July 2010
The IVAM Microtechnology Network surveyed 1,125 small- and medium-sized enterprises dealing with microtechnology, nanotechnology or advanced materials in Germany. Most foresee a “positive development” in the second half of 2010, with 93% expecting profits to improve or at least stay stable.
A boost in incoming sales, particularly from Asia, have helped bolster the industry, and 62.9% of the companies surveyed said incoming orders increased this year, says IVAM. Business operations improved in 2010 for 52% of respondents, stayed the same for 33%, and were worse for only 15%.
For 2011, 54% of the companies surveyed anticipate further improvements and only 7% fear a downturn in profits.
However, some companies say risks that might delay the economic recovery over the next 18 months include cash outs and unsolved political issues, which may lower the purchasing power and hamper sales of certain products.
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