That s Thuringia. Dinner Seminar in Akron / Ohio. on October 2, 2013
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1 That s Thuringia. Dinner Seminar in Akron / Ohio on October 2, 2013
2 Germany Germany Europe s Leading Economy Economic strength Norway Sweden Finland Estonia Ireland Denmark Latvia Russia China Export USA UK Netherlands Belgium Germany Poland Lithuania Belarus Japan Czech Republic Ukraine Brand Made in Germany Portugal Spain France Switzerland Italy Austria Slovenia Croatia Bosnia- Herzegovina Slovakia Hungary Serbia Romania Bulgaria Albania Macedonia Greece European Union (2012) Population (mio) 504 GDP (bn Euro) 12,818 2 Source: destatis Wirtschaft aktuell, 2013, eurostat
3 Be part of one of the biggest markets worldwide Thuringia in Comparison New York in a radius of 800 km: 107 mio potential customers 3,300 bn EUR GDP Thuringia in a radius of 800 km: 280 mio potential customers 8,700 bn EUR GDP Tokyo in a radius of 800 km: 102 mio potential customers 3,900 bn EUR GDP Shanghai in a radius of 800 km: 290 mio potential customers 1,700 bn EUR GDP 3 Sources: Eurostat/Thuringian Statistics Office (TLS), September.2012
4 Location In the center of the German market. From Thuringia, every major German city can be reached in a maximum of 5 hours by truck. Distance to major airports (from Erfurt by car): - Frankfurt: 2:30 hrs - Berlin: 2:30 hrs Frankfurt Airport High-speed train hub - Erfurt Frankfurt Airp.: 2:10 hrs - Erfurt Berlin: 1:40 (from 2015) - Erfurt Munich: 2:40 hrs (from 2017) Page 4
5 What is Thuringia? That s Thuringia. Size: 16,200 km 2 Population: 2.2 Mio Capital City: Erfurt Population: 206,384 Important Cities Jena 105,000 Gera 99,000 Weimar 66,000 5
6 Location Transportation Network in Thuringia DK A 7 PL NL Hamburg A 9 Bremen A1 Berlin A 2 B Köln A 4 A 38 Dresden A 4 L Frankfurt A 5 A71 A 73 CZ F Stuttgart A 7 A 9 München CH A 6 Autobahn / Interstate Federal Road Railway Airport / Airfield blue prints of maps are designed with GeoMarketing-Software RegioGraph10
7 Key Industries Optics / Photonics No of companies: 155 Employees: 18,000 Sales: 2.1 bn Euro Automotive and Supplier Industry No of companies: 520 Employees: 52,000 Sales: 7.8 bn Euro Mechanical and Automation Engineering No of companies: 1,700 Employees: 60,000 Sales: 6.4 bn Euro 7 Source: LEG Sector Information Database - BID/TID Status: June 2013
8 Key Industries Life Science / Biotechnology, Pharmaceutics, Medical Engineering No of companies: 420 Employees: 17,200 Sales: 2.6 bn Euro ICT and Microelectronics Industry No of companies: 1,300 Employees: 45,000 Sales: 4.8 bn Euro Solar and Photovoltaics Industry No of companies: 135 Employees: 5,700 8 Source: LEG Sector Information Database - BID/TID Status: June 2013
9 Key Industries Food Industry No of companies: 405 Employees: 19,500 Sales: 2.3 bn Euro Logistics Industry No of companies: 530 Employees: 19,000 9 Source: LEG Sector Information Database - BID/TID Status: June 2013
10 Best to Invest LEG Thüringen s Track Record (1993 5/2013) Number of Investment Projects: 926 of that foreign investors 121 Investment Volume (Euro billion): 8.6 of that foreign investors: 2.1 Jobs created: 48,200 of that foreign investors: 9,770 Recent Investment Success Stories Bosch Solar Energy: 605 mio Euro investment 1,800 jobs IHI (automotive): 95 mio Euro investment 800 jobs Daimler AG: 600 mio Euro investment 1,500 jobs Redcoon (logistics): 58 mio Euro investment 700 jobs Zalando: > 100 mio Euro investment 2,000 jobs KNV Logistics: > 150 mio Euro investment 1,000 jobs 10 Source: IID Investor Information Service of LEG, May 31, 2013
11 Best to Invest 1. The United States are the #1 foreign investor, and the most important economic partner outside the EU. 2. US-Investments into Thuringia: About 70 US investments created approx. 9,600 jobs in Thuringia Total investment volume: > 2 bn Euro 11 Selected investments Automotive: - General Motors / Opel - Eaton Automotive GmbH - Lear Corp. - Truck-Lite Co. (Penske Corp.) - BorgWarner - Tower Automotive Inc. Microelectron.: - IBM - Wincor Nixdorf Technology GmbH - ebay Inc. Plastics: - Avery Dennison Glass: - Pittsburgh Corning Corp. Solar/Energy: - LTC Lithium Technology Corp. Optics: - Jabil Circuit Inc.
12 Best to Invest Thuringia - Top Location in 2009, 2010, 2011 The 2011 Global Best to Invest Ranking Thuringia, Germany Top location for investors in Central and Western Europe Most attractive location for companies with regard to - jobs - investments - sites Study published annually by the US-American journal Site Selection - identifies the most successful investment locations worldwide 12 Source: Ranking of the US-American Journal Site Selection, May 2011,
13 Plastics Industry The Plastics and Rubber Sector No. of companies: 540 Employees: 25,800 Sales: 3 bn 13
14 Workforce Highly Educated Work Force in Thuringia based on employees working in the processing industries Graduates from universities and universities of applied sciences 13.2% Skilled craftsmen after 3 years of apprenticeship (unique dual education system ) and technicians 61.4% Graduates from higher vocational schools/colleges (incl. master craftsmen and certified technicians) 16.9% others 7.4% PhD 1.1 % 14 Source: Mikrozensus of the Thuringian Statistics Office 2011
15 Workforce - Education Region of Science. 10 Universities, Universities of Applied Science and the University of Cooperative Education with nearly 54,000 students 4 Universities 4 Universities of Applied Sciences 2 Universities of Cooperative Education College for Music Franz Liszt Weimar 3 Private Universities of Applied Sciences this - Thuringia International School Weimar 15 Sources: Technology Information Database of LEG, Status: January 2013
16 Incentives State assistance for investors Investment subsidies - for large companies up to 30% of eligible costs - for small and medium-size enterprises up to 50 resp. 40% of eligible costs Costs for training and qualification - for unemployed people up to 100% of the costs - for improving employees qualifications up to 60% of the costs Technology programs - up to 70% of expenses for R&D into new products - up to 50% for the introduction of new technologies Other assistance - Public venture capital companies - State guarantees 16 Sources: TAB Thüringer Aufbaubank, Erfurt, status: January 2010
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