Russia imported food and packaging machines from Germany valuing EUR 304 million in 2016
Vera Fritsche from the food processing and packaging machinery association within VDMA (the German Machinery & Plant Manufacturers’ Association) expresses cautious optimism about the current situation: “German engineering is still in demand. This was also reflected at this year’s upakovka. Russia’s food production keeps expanding, and Russian and international companies are continually investing in the development and expansion of local production capacities.
After a fairly long lean period Russia’s demand for German-made food and packaging machinery picked up somewhat in 2016. During the first 11 months of 2016 Russia imported food and packaging machines from Germany valuing EUR 304 million, nearly 8 per cent more than in the same period of the previous year.
German companies are more confident again. Quite a few of them concluded business deals at the trade fair, and many are expecting positive developments and follow-up business.” The World Bank is forecasting economic growth in Russia for 2017 too. Western companies are anticipating an upswing and see this as confirmation of their policy of maintaining their business contacts in crisis years as well.
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