VDMA, Europe’s most important mechanical engineering industry association, expects the EU energy ministers to act jointly and decisively to combat the emergency on the energy markets. The member states are called upon to put aside national egoisms and adopt effective measures to dampen prices and risks in the short term.
Brussels/Frankfurt, 8 September 2022 – Commenting on the informal EU Council of Energy Ministers in Prague, VDMA Executive Director Thilo Brodtmann says:
“The mechanical and plant engineering companies expect tomorrow’s Council of EU Energy Ministers to send a clear signal that Europe will combat the emergency on the energy markets jointly and resolutely. In this emergency situation, the EU Member States are called upon to put aside national egos and adopt effective measures to dampen prices and risks in the short term. The competitiveness of Europe’s industrial SMEs is at stake. This is because energy costs have also become an increasing burden for the mechanical engineering sector.
The competitiveness of Europe’s industrial SMEs is at stake.
Thilo Brodtmann, VDMA Executive Director
Even non-energy-intensive companies are now finding it difficult to conclude new supply contracts because suppliers can no longer control medium-term price risks. In addition, entire value chains in mechanical engineering are coming under increasing pressure because energy-intensive supplies are not secured.
We support Ursula von der Leyen’s plan for the EU – in consultation with the Member States – to now create a comprehensive, future-oriented energy market design.”