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With subdued growth prospects in Europe and North America, BASF is focusing on the Asian market - especially China. While further savings are being made at the main plant in Ludwigshafen, the management sees the new site in Zhanjiang as the basis for future growth. The risks posed by US tariffs and geopolitical dependencies remain in focus.
read more...A ray of hope in the first quarter: the German economy has grown slightly again. However, a turnaround is not to be expected in view of the customs dispute with the USA. The labor market is weakening.
read more...The VDMA has filled two key positions: On May 1, Dr. Johannes Gernandt will take office as the new VDMA Chief Economist, replacing Dr. Ralph Wiechers. Oliver Richtberg will also take over as Head of the Foreign Trade Department on May 1.
read more...Peter Mohnen, CEO of Kuka, is leaving the company in July at his own request. His successor is to be announced shortly.
read more...German electrical and digital industry
Following a moderate decline in January, exports in the German electrical and digital industry more or less stagnated in February 2025. At €19.5 billion, their value was only 0.3% higher than a year earlier.
read more...The USA's aggressive tariff policy is weighing on the global economy - the IMF is significantly lowering its forecasts for 2025 and even expects zero growth for Germany. Trade conflicts, uncertainty and high tariffs are putting the global economic system to the test.
read more...Wago closed the 2024 financial year on a solid note. Despite all the global economic challenges, the decline in sales remained in line with expectations. The family-owned company posted a record level of investment.
read more...The industrial group ABB has announced that it will spin off its robotics division as an independent listed company by 2026.
read more...SmartFactory Kaiserslautern presented at the Hannover Messe how Industry 4.0 has long since arrived in practice. With innovative projects such as the digital twin and AI-controlled production systems, the research network shows how companies can save costs and optimize their production using modern technologies.
read more...One third of national patent applications in Germany can be attributed to the technology field of mechanical and plant engineering. In hardly any other country is this proportion as high as in Germany.
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