SpainMachinetoolsector-SpainBusiness.PDFVIP

Spain: Machine tool sector ICEX sector reports one Sector definition two Spanish sector overview three Foreign trade four Leading companies five Trade fairs six Useful addresses The machine tool sector one Machine tools are at the heart of all modern industrial production, since they provide the means of produc- tion for the most important sectors in the economy. The most important clients for the sector are the auto- motive and auto parts industries, the aeronautical and aerospace industries, railroads, energy generation, home appliance manufacturing, metal subcontracting and the molds and dies sector. The machine tools sector is subdivided into: Machines that work by cutting Shaping machines Spanish sector overview two In 2010, Spain was the third largest machine tool producer and exporter in the European Union, as well as one of the top nine producer countries in the world. The Spanish sector is known for its strong international competitiveness, a high level of internatio- nalization, which can be clearly seen in the high percentage (74%) of exports over total production, and proprietary technology derived from research, development and innovation, on which it spends 6% of its revenue. The sector also places great focus on the training of specialist technicians. YEARS 2007 2008 2009 2010 Companies 111 108 101 94 Jobs 5,546 5,800 5,060 4.860 Sales* 1,047 1,057 745 632 *€ millions Source: Afm Machine tool sector 2 Geographic distribu