Launching a business is a sink-or-swim prospect – all the more so in a foreign country with a different language. But international entrepreneurs are increasingly braving the waters in Germany and feeling very comfortable.
Investors / FDI
One of the global leaders in battery technology and energy storage systems, SVOLT Energy Technology from China, will be building a production facility in the town of Lauchhammer in the eastern German state of Brandenburg.
Germany’s most populous regional state, North Rhine-Westphalia, has announced the winners of the 2022 edition of NRW Global Business AWARD. Taking the honors were companies from the US, Japan, the UK/Ukraine and the German city of Dortmund.
According to the Global Data Investment Monitor, Germany attracted more foreign direct investment than any other country in 2021. The Investment Monitor recorded 1537 projects, compared with 1517 for the United States in second place.
The ongoing discord between China and the West over Taiwan, which produces two-thirds of the microchips essential to things like mobile phones and cars, has given rise to fears of renewed disruptions to critical supply chains.
The German capital is famous for its start-up scene and trumps the rest of the country – and most European capitals – when it comes to investments. That’s why international venture capital funds are flocking there.
American semiconductor manufacturer Vishay is enlarging its production facilities in the northern German city of Itzehoe. The company has purchased three-hectare plot of land as part of a EUR 300 million project to expand its capacities.
In March, Intel announced it would be building a billion-euro new microchip production facility in the eastern German city of Magdeburg. Intel Germany’s managing director Christin Eisenschmid tells Markets Germany how this record foreign direct investment came about.
Intel, Northvolt, Tesla…giant companies have recently committed billions to establishing/expanding German operations. Here’s how those massive investments came about. Watch our video!
Dutch company AMG Lithium, a subsidiary of the Advanced Metallurgical Group, has broken ground on the first of five lithium production modules in Bitterfeld-Wolfen in the eastern German state of Saxony-Anhalt. The firm has investing EUR 120 million in the project.