Manufacturing tide turning, 70% Austech space already booked

Seventy percent of exhibition space is already booked out for Austech 2012, generating confidence about the state of play for manufacturing in Australia next year.

Austech will take place from 8 to 11 May 2012, as part of National Manufacturing Week in Sydney.

Manufacturers and distributors of production technology will be showcasing the entire spectrum of modern metalworking technology at Austech 2012 in Sydney, with organisers claiming that Australia’s leading trade show for this sector comes at the right time. 

Organiser AMTIL (Australian Manufacturing Technology Institute Limited) says it is confident that improving economic conditions will unleash pent-up demand as hitherto postponed purchase decisions resurge to provide commercial opportunities.

“Refocus on increased productivity and capacity requirements in key end-use markets in the post recession period will push demand for innovative machinery and technology, as manufacturers begin to channel investments for global competitiveness,” says AMTIL CEO Shane Infanti. 

The diversity of application areas for machine tools ranging from aerospace, automobiles, process industries, wind power generation to mining, would help ensure a further recovery, says Infanti.

Exhibitor George Buhagiar, Managing Director Alfex CNC Australia, says that with less uncertainty, particularly in the US and Europe, companies could start committing to more investment in the industry. 

EMO Hannover has recently shown that the world-wide machine tool industry and its customer sectors worldwide are currently in a healthy condition, and the latest NAB business survey suggests there are also strong reasons for Australians to be confident. 

While overall conditions remained fairly soft in September, the survey shows a lift in business confidence, particularly in manufacturing, due to the sharp fall in the Australian dollar and speculation of a rate cut or two.

“We believe that the manufacturing and processing industry is not being influenced from negative forecasts and issues such as the carbon tax debate or the US economy,” comments DMG/Mori Seiki Australia President Stefan Weiwadel. 

“We are determined to pursue and reach our revenue goals for 2012 and gain further market share in Australian and New Zealand.”