To reach this goal the German market for EVs would need to grow at a Compound Annual Growth Rate (CAGR) of 35% to 2030, according to GlobalData, the leading data and analytics company. Germany has set a target to become carbon neutral by 2045 with preliminary targets for cutting emissions by at least 65% by 2030 compared to 1990 levels, and 88% by 2040. Mohit Prasad, Practice Head of Power at GlobalData,…

A strong first quarter leads to improved growth expectations. The German engineering federation VDMA has raised this year’s estimate for machinery and industrial plant production from nothing to a price-adjusted figure of 2% and said output will increase "around" 2% in 2013. The federation announced in February that it expected no growth this year. Output was up 4% in the first half versus the year-earlier…

'Accomplast' is investing EUR three million in this project, which RUS - will open 150 jobs. It will manufacture car parts for European market and grand automobile producers, such as 'BMW'; 'Daimler'; 'Audi'; 'Mercedes'; 'Bentley' and 'Jaguar'. This is the fifth investment that has been launched in Macedonia for the last five days, Prime Minister Nikola Gruevski said at the ceremony, expressing hope that…

German foundries estimate the end of the year stable. Turnover of 14 billion euro is expected, informed Bundesverband der Deutschen Gießerei-Industrie (BDG) on 22.October in Düsseldorf. BDG represents 610 foundries with 87.000 workers. BDG is cautious by forecast for 2009 due to financial crisis and economic slow-down. Also growing energy and material costs , as well as higher wage demand from IG Metall,…

Article also available in The German foundry-industry substitutes its interests instantly in the new founded “Bundesverband der Deutschen Gießerei-Industrie” (BDG). In the BDG united the three industry alliances, Deutscher Gießereiverband e. V. (DGV), the Gesamtverband Deutscher Metallgießereien e. V. (GDM) and the Verein Deutscher Gießereifachleute e.V. (VDG). On the 20th of August Hans-Dieter Honsel has…

Strong results by BMW demonstrate recovery by German luxury car makers this year, with the firm reporting a seven fold leap in quarterly profit keeping it ahead of Audi and Mercedes. Other automotive brands such as Honda of Japan and France's Peugeot have also benefited from the recent upturn in the global economy, as have heavy truck makers like MAN, Mercedes and Scania as logistics demand grows worldwide.…

Survey Since March 2020, the basic structure of the same questions is changed depending on the situation. The now sixth survey, this one from calender week 42, consisted of eight questions. The answers to a number of personal questions have stabilized - here, the handling of the crisis situation has leveled off. For example, a consistant 96% of foundries affirm that “displaced persons on the operational…

According to a report from Goetzpartners Corporate Finance Limited, Germany's energy intensive industries may have their profits cut by as much as 87% by 2020 due to the costs of carbon emissions certificates. According to the report's conservative estimates, carbon emissions may cost German companies more than EUR 5 billion if the law and emissions levels stay unchanged. The report said that by 2020, steel…

According to a report released by the German Federal Statistical Office, in August this year the import price of iron ore increased by 14.9%YoY in Germany while it decreased by 1.2%MoM as compared to July this year. In August this year, the import price of pig iron, steel and ferroalloys in Germany rose by 3.3%YoY while it decreased by 0.5% compared to July this year. Sourced from Steel Orbis

The German machine tool industry sees itself as well-positioned in the international competition,’ reports Franz-Xaver Bernhard, chairman of the VDW (German Machine Tool Builders’ Association) at the association’s annual press conference at Frankfurt am Main. For decades German manufacturers have been leaders in production and export. In 2024, they ranked second after China in production and tied with China…