Despite rising energy costs and other global disruptions resulting from Russia’s war against Ukraine, more international companies expanded to Germany in 2022 than the previous year. That’s according to Robert Hermann, the CEO of Germany Trade & Invest, Germany international business promotion agency.
North Rhine-Westphalia is Germany’s No. 1 investment location. Around 22,000 foreign companies have already invested here and control their German or European activities from North Rhine-Westphalia. The state maintains a consistently high level of foreign direct investments – a few highlights to be named here.
Norwegian online supermarket Oda is joining the German market. The discount food delivery service is building a EUR 145 million logistics facility south of the German capital and plans to commence operations in 2023.
Octopus Energy – one of the most most innovative young companies in the sector – expanded to Germany and is making waves in Europe’s largest economy. Octopus Energy Germany CEO Andrew Mack tells us about the challenges and rewards of coming to this very lucrative but very specific market. Watch our video!
Germany’s high level of innovation, large domestic market and rapidly growing renewable energy capacity are attracting international cleantech businesses. Solar parks, wind farms and hydrogen plants are popping up all over the country, accompanied by an electromobility boom.
US chemicals giant Dow is teaming up with British recycling company Mura Technology to build a massive new plastic recycling plant in the town of Böhlen in the eastern German regional state of Saxony.
American medtech provider Intuitive Surgical is expanding in a major way in the southwestern German city of Freiburg. The company has broken ground on a 28,700-square-meter site that will be home to a new production, training and distribution center.
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.
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.
