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10,000 New Jobs, Investments Increased
Date:5/12/2009

FRANKFURT, Germany, May 12 /PRNewswire/ --

- German Chemical Parks Record Growth - Attractive Business Model for Investors

The number of employees in German chemical parks has increased by roughly 10,000 to 240,000 between 2006 and 2008. In this same period, the number of companies doing business at these sites increased from 840 to 920. These figures were presented today by Dr. Klaus-Dieter Juszak, Chairman of the German Sector Group of Chemical Parks and Sites in the German Chemical Industry Association (VCI). These figures, based on a new industry estimate, were presented during a press conference at the ACHEMA 2009 in Frankfurt. "The German concept of chemical parks is successful and has a promising future," noted Juszak. Michael Pfeiffer, Chief Executive of Germany Trade & Invest (GTAI), confirmed the interest of foreign companies in the successful business model provided by chemical parks.

Establishment of Value-Added Chains

Investments in chemical parks have increased. In 2008 the total investment volume surpassed EUR 3.5 billion for the first time. In the years leading up to 2008, companies invested an average of roughly EUR 3 billion in the expansion and construction of facilities. More than 80 percent of investment expenditures in the industry fell upon chemical producers. These investments include both new and established companies. Chemical parks create an optimal environment, for new and established companies alike.

Efficiency through Network Structures

For investors looking to Germany as a chemical production site, Germany offers numerous location advantages over its international competitors: a reliable energy supply, combined production potential, and the sharing of costs for raw materials and intermediate goods.

Research Network

The unique network of university and independent research institutes is a fu
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SOURCE Germany Trade and Invest GmbH
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