Standardization|29/01/18

Voluntary standardization, a growth accelerator for mechanical engineering firms

Home > The news of EUROGIP and occupational risks in Europe > Voluntary standardization, a growth accelerator for mechanical engineering firms

When a firm in the mechanical engineering sector produces and applies voluntary standards, it derives a real benefit from this, visible on its profit and loss account. This is shown by the focus study carried out by AFNOR and the French mechanical engineering standardization association UNM on this sector, which confirms the results of the study on all sectors combined in 2016.

Mechanical engineering firms (manufacture of machinery, mechanical components, hardware, cutting out, stamping, etc.), due to their participation in standardization work and application of the standards, saw their revenues and their export revenues increase by 23% and 20% respectively. This also boosted growth in their gross operating profit by 26%.

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