High energy prices are increasingly threatening to have negative consequences for Germany as an industrial location. The German Chamber of Industry and Commerce (DIHK), citing a survey of companies, announced that the trend of industrial companies in particular relocating to other countries is becoming more pronounced.
According to the survey, four out of ten industrial companies are currently considering limiting their production in Germany or relocating it abroad due to the energy situation. Among larger industrial companies with more than 500 employees, more than half are even considering this. According to the DIHK, around 3,300 companies took part in the survey.
Politicians have not yet succeeded in showing companies a perspective for a reliable and affordable energy supply, said Deputy DIHK Managing Director Achim Dercks. "While many companies also saw opportunities in the energy transition for their own business in the years before 2023, the risks clearly outweigh the opportunities in their view." High energy prices are increasingly becoming an obstacle to production and investment.
According to the DIHK, the increasing plans to restrict and relocate production and the actual relocations show that the energy policy location conditions are now a clear competitive disadvantage for all companies in Germany. This is particularly true for industry, for industrial companies with high electricity costs and for large companies, for example in mechanical engineering and in the production of industrial goods. The DIHK called for taxes and levies on electricity to be reduced.
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