German manufacturers of components for hydropower plants continue to struggle to an increasing degree with tougher competition in the global environment. This is why the digital transformation is increasingly in the spotlight.
The market environment in metallurgical plant and rolling mill manufacturing will remain difficult in 2017. Over-capacities and low prices are squeezing the steel manufacturers. The situation is made worse by macroeconomic and geopolitical challenges that cannot be solved in the short term.
Global demand for large-scale fossil-fueled power stations fell back in large parts of the world once again in 2016. However, in some industrialized countries and steam-fired power stations are still in demand, as a bridging technology during the transition to the post-fossil era.
Paper consumption will continue to grow modestly in the coming years. The estimated increase in production for 2017 is 0.9 %, with the strongest growth being anticipated in cardboard and packaging and tissue.
This month we are updating our privacy statement to better understand what information we collect and why. We have also taken steps to improve our features to protect your information and privacy.
There is no change to your current settings or how your data is processed. We have merely improved the explanation of our procedures and explain to you in more detail what options you have to update, manage and delete your data.
We take the protection of your personal data and their confidential treatment very seriously.
General information about the scope of processing of your personal data and about your data protection rights can be found at www.vdma.org/datenschutz.
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