Hydro plant Neuss © Norsk Hydro ASA
Germany Trade & Invest

Dear reader,

in this issue of our newsletter we report on a number of foreign companies’ investment plans. The Chinese telecommunications equipment maker Huawei Technologies plans to invest EUR 400 million by 2018 in Germany-based R&D; GlobalFoundries, one of the world’s largest semiconductor foundries, plans to invest an additional EUR 250 million by 2017 in its Fab1 plant in Dresden; and the Norwegian company Hydro, one of the world’s top suppliers of rolled aluminum products, will invest EUR 230 million in North Rhine-Westphalia by 2016.

No wonder the companies are attracted to Germany: according to recent reports by the Federal Statistical Office (Destatis) and a number of leading economic think tanks, Germany’s economy continues its steady, solid expansion – read the details in our current issues section. We also bring you news about the automotive, renewable energy, and other high-tech-industries, as well as updates on Germany’s outstanding R&D landscape.

I wish you a pleasant read!

Kind regards,

Eva Forinyak

Editor

Berlin, September 2015


Major Investments

Rolled Products Coils Norsk Hydro ASA

The Norwegian company Hydro, one of the world’s top suppliers of rolled aluminum products, will invest EUR 230 million in North Rhine-Westphalia by 2016.

More

News from the Federal States
Map of Germany  | © GTAI
(1) Shanghai Aohua Photoelectricity Endoscope, a Chinese manufacturer of innovative medical devices, has opened its European headquarters in Weinstadt, near Stuttgart. More
Current Issues
The staircase of Ifo Institute | © Ifo Institute Ifo Institute
Germany’s economy continues its steady, solid expansion, according to recent reports by the Federal Statistical Office (Destatis) and a number of leading economic think tanks. More
Location
Cover of the brochure | © E&Y
A recent Ernst & Young (EY) study on foreign direct investment (FDI) compared the success of Germany’s 16 federal states and major cities in attracting settlement projects. More

Industry News

Offshore windpark Dong Energy  ©  Dong Energy

Siemens, a market leader in building offshore platforms and wind parks, handed over the fourth North Sea grid connection, HelWin 2, to the German-Dutch transmission grid operator TenneT in June. More


News in Brief

Basket with fair-trade products | © TransFair

Germany is the world’s most dynamic market for Fairtrade-certified products, according to the German Fairtrade organization TransFair. More


R&D

The winners of the GreenTec Awards with the presenters | © Greentec Awards

The winners of the 2015 GreenTec Awards, among Europe’s most prestigious environmental and business honors, were celebrated at a gala event held in Berlin. More


Imprint

Editor: Eva Forinyak | Writer: Josh Ward | Consultant Editor: Daniel Stephens


Publisher

Germany Trade and Invest - Gesellschaft für Außenwirtschaft und Standortmarketing mbH
Headquarters: Friedrichstraße 60 - 10117 Berlin - Germany - office@gtai.com

Germany Trade & Invest (GTAI) is the economic development agency of the Federal Republic of Germany. The company helps create and secure extra employment opportunities, strengthening Germany as a business location. With more than 50 offices in Germany and abroad and its network of partners throughout the world, GTAI supports German companies setting up in foreign markets, promotes Germany as a business location and assists foreign companies setting up in Germany.

Executive Board:
Dr. Benno Bunse, Chairman/CEO
Dr. Jürgen Friedrich, CEO

Registered at Local District Court: Charlottenburg
Registration Number: HRB 107541

www.gtai.com/imprint
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