Article: How grinder builder Korber Schleifring plans to copes with the credit crunch.

Like most European machine tool companies, Swiss and German grinding machine builders inside the Korber Schleifring ("grinding ring") group face a difficult 2009. General manager Dr. Ralf Kammermeier said in Thun, Switzerland, earlier this month that 2009 orders were down some 20-30% compared with the same period in 2008. "The crash came to us in August and September last year. In total, we do have better first-quarter results in 2009 when compared with other builders." His comments came at a time when other European machine tool builders had experienced a drop in orders of 30-40%--some by as much as 70% when compared with 2008.

Kammermeier reported on ...

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