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industry and customers

The European manufacturers of cutting tools and clamping devices achieve
annual sales of some EUR 7 billion. About EUR 5 billion of these are attributable
to cutting tools and EUR 2 billion to clamping devices. Over half the total
world exports in this branch have their origin in Europe. All in all, the
European cutting tools and clamping devices industry has more than 60,000
employees on its payroll.
Tools are supplied by the branch to nearly all sections of industry. Whether
the automotive industry, aerospace, the railway industry, the ship-building
industry or machine building – to name just the largest sectors in
the metal industry – they all employ cutting tools and clamping devices
on a large scale in their production.
Admittedly, tool costs amount on average to just 4% of the total production
costs. They are thus a relatively small cost factor in companies' calculation.
However, tools play a decisive role for the quality of products and for
the efficiency of the production processes in the metal-working industry.
If a tool is defect, the product quality suffers or the entire production
can even come to a standstill. Looked at the other way round: The technically
highly developed tools from European manufacturers with exact dimensions
and a long service life are the key to economic production in the metal-working
industry. Tools supply quality and productivity!
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