Sehatnews – The numbers are threatening: almost every fifth company wants to give up energy-intensive business areas in Germany. This also includes BASF. The chemical company wants to stick to its investment plans in China. The demands are getting louder that the traffic light has to act.
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The numbers read ominously: almost every fifth company wants to give up energy-intensive business areas in Germany. Also BASF plays with the idea. And think of China of all places: The chemical company wants to stick to its investment plans in the Middle Kingdom.
De-industrialization is the name of the term that could have chances of the non-word 2022. Because the energy crisis, which is severely affecting Germany, is causing two things: Companies that can afford it are moving abroad, where countries with low energy prices are tempting. And those who don’t have that opportunity are on the verge of extinction.
High gas prices endanger companies
Almost all companies in the metal and electrical industry (M+E industry) are affected by the current energy crisis, as can be seen from the nationwide flash survey by Gesamtmetall among the member companies of the employers’ associations in the M+E industry. 97 percent of the companies are affected by cost increases for energy and energy-intensive preliminary work, every sixth company even in a way that threatens their existence. The high prices are the reason: purchasing costs increased by 65 percent in 2022 compared to 2021, and for energy (gas and electricity) more than doubled (plus 115 percent).
Gesamtmetall Managing Director Oliver Zander said during the presentation of the results: “The energy crisis is hitting companies in the metal and electrical industry with full force – across all sectors and sizes. There can be absolutely no question of a stable situation. It is also characterized by great uncertainty. A gas shortage would exacerbate the problems extremely. In 2023 we expect another year of recession for the M+E industry.”
The order situation is not bad yet
At the same time, the order situation is not that bad at the moment: Only: if the looming recession develops more severely than feared, the order backlog will also decrease. Therefore, the companies that can act. Like BASF. And look abroad.
This article has been published on the website : focus.de