- Published: Wednesday, 16 September 2020 05:01
- Written by ASIA Miner News
STEINERT’s Australian headquarters is located on the east coast in Melbourne, Victoria where our facilities manufacture various types of magnetic separation equipment including service and repairs, as well as supply and support the latest in sensor sorting equipment from Germany. From traditional and trusted magnetic separation equipment, right through to advanced sensor sorting technologies, we assist our customers achieve their goals with sustainable solutions.
Like the entire global economy, the mechanical engineering industry in Germany is also hit by the coronavirus. After supply chains were torn apart by restrictions on the movement of goods and people, both global customers and German technology providers are now having a hard time. Cash flow is the top priority, and production at the lowest cost follows right behind; however, the health of the workforce is also an important issue these days. The mechanical and plant engineering sector is Germany’s largest employer with 1,3 million employees, and it is the backbone of the German economy.
After a successful recovery phase, which ended in 2019 with sales of just under € 5 billion, the COVID-19 crisis has hit not only German mining suppliers, but the entire mechanical engineering industry and the economy in general. Also, our worldwide customers are of course affected. In 2019, the Asia-Pacific region accounted for almost a quarter (24.47 per cent) of all exports of our industry. This means export earnings of € 465 million – compared to the total export sum of € 1.9 billion. For Q1/2020 the preliminary figures are not overwhelming.