Nanotechnology Now





Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > German micro- and nanotechnology industry sees economic trend reversed

Abstract:
After the years of the economic crisis, 2008 and 2009, the microtechnology, nanotechnology and advanced materials industries in Germany are now confirming a reversal of the economic trend. More than half of the companies say that business in the first half of 2010 fared better than expected.

German micro- and nanotechnology industry sees economic trend reversed

Dortmund, Germany | Posted on July 20th, 2010

The companies are positive about the second half of the year and look forward to the year 2011. More than 100 company representatives have expressed their current mood in a survey conducted by the IVAM Microtechnology Network.

Level of 2008 partly regained

After one and a half years that were flawed by lost revenue, drops in orders and production, expectations for 2010 were quite restrained at the beginning of the year. Now quite a few managers have expressed their surprise at how well business has run in the first half of 2010. Individual companies have reported that sales have risen up to 15 percent. In some micro- and nanotechnology companies, sales and incoming orders have regained or even exceed the level of the first half of 2008.

"Former customers are now returning of their own accord", a company representative comments on his experience. The demand for equipment for the semiconductor industry is particularly strong at present. Especially producers who bring new devices on the market now benefit from that demand.

According to the survey, business operations in the first half of 2010 ran better than expected for just over half of the companies (52 percent), just as expected for a third (33 percent) and worse than expected for 15 percent. When asked to review individual business areas and compare them to the first half of 2009, the respondents said that incoming orders have developed particularly well: 62.9 percent of the companies have improved in this area. Production and sales has also improved for more than half of respondents. Corporate financing is still a weak point: more than half of the companies (58.8 percent) have been able to keep the financing level stable, but the situation got even worse for 14.4 percent.

Foreign demand will continue to grow

Some companies are foreseeing "a very positive development" in the second half of 2010. For this period, 53 percent are expecting a stable business situation and 40 percent are anticipating further improvement. Specifically, the companies have reported an increase in foreign demand - particularly in Asia export opportunities are being expected to rise again.

The genuine revival is being supposed to happen in 2011: 59 percent of the respondents are anticipating an improvement of their business, only 7 percent fear that things might run worse for them than in 2010.

In spite of the general positive mood, some respondents remain reserved: some developments, they say, are hard to predict and there is still room for surprises. Risks that might delay the economic recovery include cash-outs and unsolved political issues that might lower the purchasing power and slow down the sales of products.

For the odd company the economic recovery came just too late to save it from insolvency. But for other companies the crisis has even opened new market opportunities: some technologies that help customers save costs sold particularly well during the crisis.

The IVAM survey was conducted in July 2010 and addressed to 1125 mostly small and medium-sized enterprises dealing with microtechnology, nanotechnology, or advanced materials in Germany. The answers of 115 managing directors or project managers haven been evaluated.

Download figures: www.ivam-research.de/en/index.php?content=statistik

####

About IVAM Microtechnology Network
Being an international association of companies and institutes in the field of microtechnology, nanotechnology and advanced materials, we make every possible effort to create essential competitive advantages for our members. Our members have benefited from our commitment and competence since 1995. About 300 member companies and institutes from approx. 20 countries open up new markets and set new standards with the support of IVAM by now. You will find all members, their products, services and contact details at a glance online or in the printed version of the IVAM directory.

With our specialist internet sites www.ivam.de, www.ivam-research.de and www.neuematerialien.de, we regard ourselves as the communicative bridge between suppliers and users of high-tech products and services in need of explanation in the fields of "microtechnology", "nanotechnology" and "advanced materials."

For more information, please click here

Contacts:
Dr. Uwe Kleinkes
Emil-Figge-Str. 76
44227 Dortmund
Germany
Phone: +49 (0) 2 31 / 97 42-148
Fax: +49 (0) 2 31 / 97 42-150

Copyright © IVAM

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Surfing a wake of light: Researchers observe and control light wakes for the first time July 6th, 2015

Tel Aviv/Tsinghua University project uses crowd computing to improve water filtration: The research, a product of the new TAU-Tsinghua XIN Center, was conducted by 150,000 volunteers at IBM's World Community Grid July 6th, 2015

Transition from 3 to 2 dimensions increases conduction, MIPT scientists discover July 6th, 2015

A Stretchy Mesh Heater for Sore Muscles July 6th, 2015

Announcements

Surfing a wake of light: Researchers observe and control light wakes for the first time July 6th, 2015

Tel Aviv/Tsinghua University project uses crowd computing to improve water filtration: The research, a product of the new TAU-Tsinghua XIN Center, was conducted by 150,000 volunteers at IBM's World Community Grid July 6th, 2015

Transition from 3 to 2 dimensions increases conduction, MIPT scientists discover July 6th, 2015

A Stretchy Mesh Heater for Sore Muscles July 6th, 2015

Interviews/Book Reviews/Essays/Reports/Podcasts/Journals/White papers

Fundamental observation of spin-controlled electrical conduction in metals: Ultrafast terahertz spectroscopy yields direct insight into the building block of modern magnetic memories July 6th, 2015

Surfing a wake of light: Researchers observe and control light wakes for the first time July 6th, 2015

Tel Aviv/Tsinghua University project uses crowd computing to improve water filtration: The research, a product of the new TAU-Tsinghua XIN Center, was conducted by 150,000 volunteers at IBM's World Community Grid July 6th, 2015

Transition from 3 to 2 dimensions increases conduction, MIPT scientists discover July 6th, 2015

Financial Reports

Nanometrics to Announce Second Quarter Financial Results on July 23, 2015 July 2nd, 2015

Aspen Aerogels to Webcast 2015 Annual Meeting of Stockholders June 11th, 2015

Industrial Nanotech, Inc. Provides Update June 8th, 2015

PEN Inc. Announces First Quarter Financial Results: Investor Webcast and Business Update Set for May 21, 1 pm EDT May 13th, 2015

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More










ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project