Eastern Germany a Hotspot for Canadian Investors



    TORONTO, June 10 /CNW/ - Germany is an investment hotspot for North
American companies, driven in large part by the eastern federal states. This
is due to the robust high-tech industries and growth potential despite the
economic crisis. Germany has recently seen greater interest by Canadian
investors. Arise Technologies Corporation shared its success story in Germany
at the "How Far East? Eastern Germany: The No. 1 Business Location for
Canadian Investment Success" road show organized by Germany Trade & Invest in
Toronto last night.
    There are around 300 Canadian companies located in Germany. Growth
sectors, especially in Eastern Germany (such as IT, health care, and renewable
energies), correspond with current Canadian investor interests. The recent
Ernst & Young European Attractiveness Survey supports this: Germany was again
the number one investment location in Europe for international managers.
    Driven by the eastern federal states, Germany is a global leader in
renewable energy production, including photovoltaic, wind, and biofuels. The
Canadian economy has also witnessed significant growth in its renewable
energies industry in recent years. Ian MacLellan, Systems Division President
and founder of Arise, outlined his company's success and pressed home Eastern
Germany's advantages. Located in Bischofswerda, Saxony, Arise is one of the
world's leading solar cell producers. Pivotal to the company's success,
MacLellan argued, was the competitive edge obtained from its strategic
location at the center of Europe.
    MacLellan praised the assistance his company received in the process of
setting up a plant in Germany: "Germany Trade & Invest was instrumental in
bringing key partners together to assist Arise in building and financing our
state of the art plant, and they continue to be incredibly supportive of
Arise. We value these ties and look forward to developing new relationships as
we continue to grow our business."
    The event, organized to meet the increasing interest shown by North
American investors in the region, was put on by Germany Trade & Invest in
partnership with the Canadian-German Chamber of Industry and Commerce (CGCIC).
The Toronto stop also included keynote speeches by German Ambassador Matthias
Hoepfner and Thomas Beck, President & CEO of CGCIC. The road show will
continue with a similar event in Chicago on June 12 to present American
success stories in the region. Due to increased demand, further events have
been announced for the fall, including a stop in Montréal this October.

    Germany Trade & Invest is the foreign trade and inward investment
promotion agency of the Federal Republic of Germany. The organization advises
foreign companies looking to expand their business activities in the German
market. It provides information on foreign trade to German companies that seek
to enter foreign markets.





For further information:

For further information: Media Contact: Eva Henkel, Phone:
+49(30)200099-173, Fax: +49(30)200099-111, Email: Eva.Henkel@gtai.com

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Germany Trade & Invest

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