EXPORTS SECURE SUCCESS
After several years of virtual standstill, sales revenues in the German mechanical and plant engineering sector grew by around 3 percent in 2017, reports Ulrich Ackermann, Head of VDMA Foreign Trade. For VDMAimpulse he not only looks back, but also looks to the future.
CHALLENGES TO PRODUCTION IN SAUDI ARABIA - USING LOCAL OPPORTUNITIES
It is not only state-owned companies who are urging suppliers to consider local production. However, maintaining a branch office or even a production facility in Saudi Arabia poses a particular challenge.
GULF STATES ON THE VERGE OF CHANGE
The Gulf States want to achieve independence from oil prices by changing their economic and domestic policies. A drop in oil prices since 2014 has resulted in many investment projects put on hold. This also has effects on the export figures in mechanical engineering. Despite political tensions in the region, however, reform efforts are generally perceptible.
BRIGHT FUTURE FOR PHOTONICS
Researching new laser technologies or developing optical networks - on average, photonics companies are investing 9 percent of their turnover into research and development, with some photonics sectors even investing up to 15 percent. As a result, lighting technologies offer great potential for growth and innovation, as shown by two new studies.
OF WINNERS AND LOSERS - TRUMP'S ECONOMIC COURSE
Donald Trump will definitely leave a mark as President. The list of his protectionist announcements is long and growing. None of them have been implemented yet. But some direct and indirect consequences of Trump's policies can already be seen. An analysis.
POLAND IS RELYING ON ITS "COMING OUT" AT THE HANNOVER MESSE
Poland will get a lot of attention during this year's "Hannover Messe". It has big boots to fill. After all, the USA was the partner country of the industry trade fair in 2016. Poland, however, has stepped up to the challenge and would like to show its new strength in Hanover.