AmCham Germany: American subsidiaries praise well-educated workers, increase sales by exporting from Germany
BERLIN AND FRANKFURT AM MAIN, Sept. 26, 2012 /CNW/ - Despite the ongoing
turbulence in Europe, American subsidiaries in Germany were able to
increase sales last year, according to the latest survey of the top 50
American companies in Germany, conducted by the American Chamber of
Commerce in Germany (AmCham Germany) and released today.
"The strength of the German-American economic partnership has a long,
rich tradition. In terms of both trade and investment, we both greatly
benefit from close ties," stated Jürgen Friedrich, Chief Executive of Germany Trade & Invest in Berlin.
The United States is by far the top investor in terms of FDI projects,
according to data from the Financial Times fDi Markets database. More
American companies have invested in Germany in the last five than the
next three countries together. With nearly 850 projects, US companies
outpaced Switzerland, Great Britain, and China combined.
Foreign direct investment does not only flow in one direction. In the
same time period, Germany has invested in 813 projects in the USA,
coming in second only to Great Britain. In the machinery and equipment
industry, Germany is by far the top investor. Auto manufacturing is
also an important sector for German investment.
A majority of companies surveyed in today's AmCham report indicated that
they intend to continue to invest in the high-tech sector in Germany, a
sign that this bilateral relationship will continue to grow. Companies
praised the supply of well-educated workers and central location in
Europe. On the other hand, the European debt crisis and the need for
further qualified workers were identified as economic risks in the
survey of top executives of the largest American companies in Germany.
"Our mandate at Germany Trade & Invest is to assist companies seeking to enter the German market and to
encourage trade, so feedback from American companies - both positive
and critical - is the most valuable tool we have. This enables us to
work to consistently improve our business environment," continued
The top 20 American companies in Germany employ more than 300,000
workers. There are over 2,200 companies with US capital investments
totaling EUR 130 billion, according to AmCham Germany.
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.
SOURCE: Germany Trade and Invest
For further information:
Germany Trade & Invest