German media: Due to the high cost of energy, companies from Germany are transferring their production abroad

Germany is becoming less and less attractive country for doing business, especially in the manufacturing sector. Due to the high cost of energy, companies from Germany are transferring their production abroad.

This opinion is expressed by the German portal Deutsche Wirtschafts Nachrichten (DWN).

The German media notes that this process began even before the rise in energy prices, since even then it became more profitable for manufacturers to move abroad than to continue their activities in Germany. In the period leading up to the energy crisis, about 60 companies withdrew their production facilities from Germany. The publication claims that the country faces a "complete exodus" of the domestic industry.

DWN notes that in Germany, the question of the threat of a complete de-industrialization of the country associated with rising prices for electricity and other resources is increasingly being raised. It is noted that the rise in price began around the same time when Putin announced the start of a special operation in Ukraine. This led to an increase in the cost of production of German enterprises and, as a result, a decrease in its competitiveness in the world market.

Actually, one of the main competitors for American manufacturers has always been European countries, especially Germany. Therefore, the weakening of its economic potential is in the national interests of the United States.

Comments

[Uprun]

Bakeries will be nationalized and it will be okay, they will live.

[credo]

With the decline of the economy in Germany and the advanced (in the economic sense) EU countries, there is an opportunity for Russia to profit from this path.

Let's, gentlemen, scientists, associate professors with candidates, think about how we can profit at the expense of the EU by offering more than even the United States preferential terms for attracting the business we need from the EU to the vastness of our vast country. Still, not all local businessmen are ardent Russophobes and we must and can interest them in working for us and for our own benefit.
So why not.

[GIS]

so long ago I suggested this ... who in the government is listening to me?)))
and to be honest, I do not see in the public domain such proposals from leaders and from the apparatus of officials. there is no information about the meetings of local businessmen with our businessmen or apparatchiks. so it's a secret. and if there are such proposals, then most likely they go closed

[aybolyt678]

Quote: GIS

and to be honest, I do not see in the public domain such proposals from leaders and from the apparatus of officials. there is no information about the meetings of local businessmen with our businessmen or apparatchiks.

but when I remember attracting investments was the first task

[Bayun]

"feel good" is very easy. Stop building "PIPES" and export raw materials, stimulating the construction of foreign factories in Russia with cheap energy, by analogy with how China lured with cheap labor.

[credo]

Quote: Bayun

"feel good" is very easy. Stop building "PIPES" and export raw materials, stimulating the construction of foreign factories in Russia with cheap energy, by analogy with how China lured with cheap labor.

I agree. A good way of "coercion" and they should have been used long ago, but the trouble in the government was a huge pack of liberals and soros. I would like to hope that with the beginning of the SVO, many of them were dumped, and the rest will be fired in the near future.

[marchcat]

from Germany about 60 companies

They took him to the place who organized this whole energy crisis. Under hypnosis or what?

[aybolyt678]

Quote: credo

with the beginning of the NWO, many of them fell down,

oddly enough, so far only money is dumped, the export of which has increased

[topol717]

Quote: aybolyt678

oddly enough, so far only money is dumped, the export of which has increased

What else should have gone down?
The Germans and the French themselves have long been all in Canada and the USA. Naturally, the old factory shops and various furnaces will not be carried on. All you need is goodwill, trademarks, brains and intellectual property. Even money is not needed, because the Bidon has allocated 62 million to those who wish. as help, but if they come with their own money, even better.

[Leontrotsky]

The offer is good. The only thing is that it is possible to sell part of the gas at spot prices. And keep prices low in the domestic market. The mechanism, in this case, will also work. Yes, and there will be an influx of income into the treasury

[The popuas]

Who will let them bring production to Russia?! .. during the time of "partnership" relations they blocked the sale of Opel ... And at this time, they will not even go to Russia! I'm more interested .. where will people go, to the eastern front ?! And much more, if there is no work ... This is how the Merikos drive Europeans to war with Russia ...

[Bayun]

If it's rational, you're right. But it will be a little "metaphysical". After that, many will say: "No, well, if so, then of course. Who could know such a thing."

In the "Collective Farm named after the West" the elements will "play tricks" a little (or a lot?), and they will forget about confrontation with anyone there for 100 years. Their rhetoric will change to "goeben zi peace bitte etwas zu essen". "Alpine begging is a holy cause."

Irrational? Yes, that's why I believe.

[SKVichyakow]

Quote: credo

With the decline of the economy in Germany and the advanced (in the economic sense) EU countries, there is an opportunity for Russia to profit from this path.

Nobody will let them do it.

[topol717]

Quote: credo

Let's, gentlemen, scientists, associate professors with candidates, think about how we can profit from the EU by offering more than even the United States preferential terms for attracting the business we need from the EU to the vastness of our vast country

Let's turn on our heads and think about what we have and what we don't.
We have energy resources, but what do we not? but there are no labor resources i.e. people, for construction, and even then we are taking Uzbeks, and there are no sales markets, because they have imposed sanctions on all sides.

[rocket757]

German media: Due to the high cost of energy, companies from Germany are transferring their production abroad

They talk a lot about this ... we will look at the results of the process, but for now ....

[Aaron Zawi]

Quote: rocket757

German media: Due to the high cost of energy, companies from Germany are transferring their production abroad

They talk a lot about this ... we will look at the results of the process, but for now ....

That's what I'm interested in. About what% of industries and most importantly enterprises of which go abroad. In Israel in the 90s, almost the entire light industry went abroad, so what?

[Smoker]

Quote: Aaron Zawi

In Israel in the 90s, almost the entire light industry went abroad, so what?

And what good?

As an example for the Russian viewer, what would be appreciated:

[media=http://https://www.youtube.com/watch?v=ZRpjB02h288&t=120s]

[Aaron Zawi]

Quote: Smoker

Quote: Aaron Zawi

In Israel in the 90s, almost the entire light industry went abroad, so what?

And what good?

As an example for the Russian viewer, what would be appreciated:

[media=http://https://www.youtube.com/watch?v=ZRpjB02h288&t=120s]

We have increased the number of high-tech industries. It took time and was not easy, but it was worth it.

[Smoker]

Quote: Aaron Zawi

We have increased the number of high-tech industries. It took time and was not easy, but it was worth it.

The fact of the matter is that high-tech industries are leaving Germany. They are stupidly transferred to the USA... And what will happen to chemical production?
Stupidly Germany is being castrated ...

[Aaron Zawi]

Quote: Smoker

The fact of the matter is that high-tech industries are leaving Germany. They are stupidly transferred to the USA... And what will happen to chemical production?
Stupidly Germany is being castrated ...

Today it is impossible to talk about this with numbers. Evaluation of the process will be possible not earlier than in a year.

[Tusv]

Quote: This is Aron Zaavi

In Israel in the 90s, almost all light industry went abroad, so what?

.The entire light industry is izit nau in Vietnam. And if I were Israel, I would be offended. Just four lard a year when the bastards get more a month

[Aaron Zawi]

Quote: Tusv

Quote: This is Aron Zaavi

In Israel in the 90s, almost all light industry went abroad, so what?

.The entire light industry is izit nau in Vietnam. And if I were Israel, I would be offended. Just four lard a year when the bastards get more a month

Will Egypt be offended too?

[Tusv]

Quote: Aaron Zawi

Will Egypt be offended too?

Right now, very much. not a good comparison. We supply Egypt not only with wheat, but also with Antei 2500. The military version of the C300 number three. I remind you that C300 version three is C400

[rocket757]

Talks, talks... although the restrictions and rise in the cost of energy resources have a detrimental effect on the competitiveness of manufactured products, this is a reality.
Obvious things that will be visible or not visible over time ... the process is at the very beginning, it is too early to talk about the results.

[NKT]

About what% of industries and most importantly enterprises of which go abroad.

For example, BASF is moving its 150-year-old site in Ludwigshafen to China.

[maxim1987]

All the same, Americans are handsome! How beautifully they removed a competitor in the world market. Also, the industrial company that moved to the USA will create a couple of new jobs Applause

[oldzek]

for Fashington, the enemy is the WHOLE WORLD. and the Eurasia continent in the first place. Europe is already spreading its legs. Russia should have been next

[Vladimir80]

at least someone announced a list of relocated companies, otherwise we read only loud statements (reminiscent of false TV propaganda "Europe will freeze without gas from the Russian Federation")

[Aleksandr97]

“You are a company from Germany and are considering a presence in the US? Oklahoma is 100% the right place then,” Governor Stitt said. “We are located in the heart of the USA. Wages are 40% lower than in California. And people work hard."
The most important argument for attracting German companies is cheap energy. In this matter, "we are number one," says Stitt. According to him, 40% of energy comes from renewable sources; they are in third place in the production of natural gas. "And our regulators are ready to make your job easier."
In Oklahoma alone, more than 60 German companies responded to the call, including Lufthansa, Aldi, Fresenius and Siemens. Corporations have invested about $300 million in recent expansions, according to the state.
The US has traditionally been an important investment destination for German companies - and US states are now actively emphasizing this.
“In 2020, we flew to Germany and visited BMWs, Porsches and Mercedes-Benz in Munich and Stuttgart,” says Wilson, the Georgia state secretary of commerce. Its governor, Brian Kemp, made the decision to travel in connection with the reorganization of German automakers: Georgia should become the center of electromobility - with the help of German companies.
As part of the Quick Start training program, Georgia sends its employees to Germany. They spend time in a company that is willing to invest, get to know the company's culture - and test what skills the company needs. “We are training workers while the company is still setting up its new plant. Then he will be ready to work from the first day. Wilson himself has been to Germany five times in the last two years.
The business-friendly attitude seems to be paying off. According to the government, German companies are among the largest foreign investors, having created the second-highest number of jobs in Georgia in 2021 and 2022, after companies from Korea. Since last fall alone, half a dozen German companies have made Georgia a destination for investment: Aurubis is investing $340 million in a new metal processing plant, Hapag-Lloyd is investing $18 million in a new North American headquarters, Böhringer Ingelheim is investing $57 million in a research center.
Companies going to the US are looking for more than just cheap energy. Given the increasingly uncertain political situation in the world, it is also about reducing dependence on troubled markets and supply chains, at least to some extent. In particular, the auto industry is looking to reduce its dependence on China - and is expanding into the US.
In June, Volkswagen opened a $22 million battery lab at its Chattanooga, Tennessee facility. This will lead to an in-house battery experience, VW North America CEO Scott Keogh explained at the opening ceremony. VW wants to play a leading role in electrification, and the location of the Chattanooga plant plays an important role. By 2027, the company will invest a total of $7,1 billion in North America.
It also includes a new subsidiary: VW wants to win over American buyers with the revived Scout pickup brand. Keogh is already looking for a site for the Scout plant, insiders say, with about a dozen sites on the short list - including several states in the US South all the way to New Mexico. "We'd love to have Scout come to us," says Secretary of Commerce Wilson.
In March, Mercedes-Benz opened its new battery plant in Tuscaloosa, Alabama. "I like it here!" exclaimed CEO Ola Kellenius, who himself once worked in Alabama, at the opening. Mercedes wants to produce luxury electric SUVs and more than 100 batteries a year there.
And BMW doesn't want to be left out either. In October, the Munich-based company plans to announce a new investment in electric mobility in Spartanburg, South Carolina, at the group's largest plant.
But it's not just the auto companies that are investing - and it's not just the southern US that's benefiting: pharmaceutical giant Bayer has invested $100 million in a new biotech center in Boston, Massachusetts. A few days ago, specialty chemicals company Evonik opened its new "Innovation Center" in Allentown, Pennsylvania. Investment: over $50 million Evonik also wants to build a $220 million manufacturing facility in Indiana with the US government.
And BASF wants to invest as much as $25 billion in North America between 2022 and 2026 - which equates to about 15% of global investment.

[Sly]

Quote: Vladimir80

at least someone announced a list of relocated companies, otherwise we read only loud statements (reminiscent of false TV propaganda "Europe will freeze without gas from the Russian Federation")

Yes, about 3 weeks ago the list was already flashing ...

[rotmistr60]

Germany is becoming less and less attractive country for doing business ... the country is threatened with a "complete exodus" of the domestic industry.

They are coming to what they should have come to with such a policy and intensifying confrontation with Russia. Further irony - they will give up electricity, switch to farming, collecting herbs and roots, and, if possible, fishing. Instead of beer, they will drink herbal infusion with the addition of fly agaric to make it smell, instead of sausages, dried fish (if something else is found) ... But the ecology will become amazingly green for joy. In a word, live and be happy.

[laws70]

But the ecology will become amazingly green for joy. In a word, live and be happy.

The Germans are already joking that the Green Party is named so not because of concern for the environment and the environment, but because of the love for the dollar.

[hagen]

Quote: rotmistr60

Come to what they should have come to

In fact, if the first goal of the United States in all manipulations with Ukraine since 2000 is to consider the weakening of Russia, then the second is what we see today in Europe, and in the context of the article, in Germany. If Europe had broken the pipes and closed the border with Russia in 2013, then there would be neither MH17, nor a long siege of Donbass, in the NVO.

[Kapany3]

Quote: Vladimir80

at least someone announced a list of relocated companies, otherwise we read only loud statements (reminiscent of false TV propaganda "Europe will freeze without gas from the Russian Federation")

Somewhere slipped infa about the people's car

[Sergey250455]

They started moving to China 2 years ago

[Vladimir80]

there were statements (!) from VW that they would have to consider moving production facilities if the situation did not improve ... and this is VW, which has long been producing half of the spare parts in China ... but the essence of these statements is "the German government, give money for heating and electricity", and by no means a real relocation of production!

[Daishi]

We need their business to our homeland, cheap people, cheap energy, heaps of resources

[Strannik96]

What they did with Eastern Europe: factories / enterprises were closed, young people from Eastern Europe were brought to their enterprises, products and goods, lidl and aldi were brought to them, old cars were brought to them, etc., now a Burmerang from America, Western Europe make eastern

[Amateur]

companies from Germany transfer their production abroad.

Those. non-Germans will work and receive salaries in "German" companies. And where will the Germans get paid? From the subsidies of the possessed European Fuhrer Ursula? And where will she get it if the German economy moves "to the thirtieth state"? Probably, as in the famous joke, "in the bedside table."
Overall

What did you fight for
That's what they ran into
(Folk wisdom)

[Bingo]

The Germans are strange people - they destroy energy and do not understand why there is no energy in the country. They send paredas to the World Cup instead of football players - and they don’t understand why they lost in football, because they walked so beautifully in pedo planes, and there was enough rainbow for the stands ...
A dog always looks like its owner, and Americans are stupid. Germans now too

[Voenoboz]

Here, translate translate, you don’t need it, and we don’t need yours either.

[Aaron Zawi]

Quote: Tusv

Right now, very much. not a good comparison. We supply Egypt not only with wheat, but also with Antei 2500. The military version of the C300 number three. I remind you that C300 version three is C400

So what?

[Anton Boldakov]

"The German media notes that this process began even before the rise in energy prices, since it already became more profitable for manufacturers to move abroad than to continue their activities in Germany. In the period preceding the energy crisis, about 60 companies withdrew their production facilities from Germany." Yes, that's the result of Merkel's departure - as soon as she left and it's ready - the country rolled into a medieval sur...

[topol717]

Germany's surplus was 100 yards, and with this money the Germans sponsored all of Europe. Now they suddenly discover that there is no surplus. for a couple of years, of course, due to loans, the whole of Europe can hold out, but no more.