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Article: Mori Seiki's President Sees Difficult Year Ahead
- Article from:
- Manufacturing Engineering
- Article date:
- January 1, 2009
- Author:
CopyrightCopyright Society of Manufacturing Engineers Jan 2009. Provided by ProQuest LLC. (Hide copyright information)
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During a press conference at the recent JIMTOF 2008 show, Dr. Masahiko Mori, president of Mori Seiki Co., Ltd. (Nagoya City, Aichi, Japan), addressed recent developments in the global machine tool industry, and the challenges facing the machine tool industry in 2009.
Dr. Mori believes that the machine tool business began slowing in October of 2007, and that difficulties created by the subprime mortgage crisis are now coming into view. Since the end of March and April, he reports, Mori Seiki has seen cancellations of orders by small shops in Italy and Asia outside Japan (about 300 machine orders had been cancelled by the end of April). In terms of sales activity, the month of August was a ...