mechanical engineering

Donald Trump's tariffs are causing concern amongst German machinery exporters. Ulrich Ackermann from the mechanical engineering association VDMA still hopes there is room for negotiations with the US, but says the EU should speed up on trade agreements with India and Mercosur.

Tania von der Goltz does not want to continue at machine manufacturer Heidelberg. The CFO will step down at the end of March – her duties will be taken over by CEO Jürgen Otto. Heidelberg considers itself to be ‘optimally positioned’.

The Neuenhauser Group is currently holding back on new investment. However, the family-owned mechanical engineering and metal processing company remains committed to the German business location, and hopes to see positive action from the next government.

German machinery & equipment exporters are increasing their presence in the United States market. But with uncertainty over the policies of incoming President Donald Trump, diversification into other markets remains key.

Machine tools and laser technology company Trumpf continues to spend heavily on R&D in spite of the difficult business environment. CEO Nicola Leibinger-Kammüller is critical of elements of German industry that are quick to call for state aid.

The shortage of skilled labour is causing problems in Germany's mechanical engineering sector. Companies need to communicate better to attract young talent, says Jörg Friedrich from industry association VDMA.