EU Commissioner for Energy, Günther Oettinger, member of the European Parliament, Reinhard Bütikofer (The Greens), as well as the prime minister of Lower Saxony, David McAllister, were the political guests of honour at VDMA’s EU policy reception at the Hannover fair.

This year, the results of the piracy survey among the 3,000 members of the VDMA illustrate once more the ever-growing underground economy of counterfeits and imitations in mechanical and plant engineering. More than two thirds of the businesses are affected by product and brand piracy. The estimated loss to the German machinery and plant engineering is 7.9 billion euros annually.

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