However, the minister pointed out that the major German companies maintain the growth forecasts and their commitment to the production sites in the Basque Country.
Euskaraz irakurri: Germanyko ekonomiaren bilakaerak Euskadin izango duen eragina “saihestezina” dela uste du Tapiak
The Minister of Economic Development, Sustainability and the Environment, Arantxa Tapiahas acknowledged that the economic consequences that the energy crisis and inflation may have in Germany will have an “inevitable” impact on the economy due to its many ties to Euskadi.
Counsel pointed out, however, that despite a international context “plagued by uncertainty”the major German companies maintain growth forecasts and their commitment to the production sites they have in the Basque Country.
Tapia spoke in this way after the trip he made to Germany between Monday and this Friday to visit directors of the main multinationals that have offices in the Basque Country.
He met with representatives of the Trumpf Group, Siemens Energy, Bayer and Mercedes Benzin the latter multinational accompanied by the lehendakari, Iñigo Urkullu.
As reported by the department headed by Tapia, all the representatives of these companies have expressed their interest in maintaining the current business ties.
These four companies, which focus on sectors such as machine tools, energy, the automotive industry and life sciences, “reaffirm their commitment to the Basque Country, highlighting its innovative ecosystem, technological and industrial capabilities,” he stressed.
Official trip to Germany. Photo: Irekia
During the trip, the Minister, accompanied by the Deputy Minister of Industry, Mikel Amundarainalso visited the Space Propulsion Institute and advanced research center in hydrogen production, as well as Festusan independent family business with almost 100 years of history.
Festo, the department recalls, is the world’s leading manufacturer of automation techniques and technical training with a dedication to artificial intelligence and machine learning and maintains lines of cooperation with several companies in the CAV.
The Basque delegation also held working meetings with about thirty Basque professionals living in Bavaria, including engineers from Airbus, BMW, Maier, Orona, Fagor Ederlan, Arteche, Amazon, Schaefflercompanies, as well as professionals from the education and health sectors.
As he noted, the multinational group has today technology based in Elorrio (Bizkaia) has announced the acquisition of the German company Forschner PTM GmbH located near Stuttgart, specializing in the machining of rods for high-quality components, a factory that will acquire special relevance in the autonomous vehicles of the future.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
