30 Percent Growth in German Machine Tool Segment Attracts Chinese Investors

"The German machinery and equipment sector is developing very well. Investors can benefit from the strong industrial foundation and from highly-qualified engineers in Germany. The machine tool and robotics & automation segment present especially interesting opportunities for Chinese investors," states Marko Kolbe, machinery and equipment expert at Germany Trade & Invest.

After Sany invested EUR 100 million in Germany, Shengyang Machine Tool Group (SYMTG) announced that it will establish its European headquarters in Berlin in 2012. This news comes after SMTG acquired Schiess Machine in Germany. "Berlin's appeal and the many universities located here ease the search for development engineers," affirms Mr. Torsten Brumme, Managing Director of the European headquarters of the German magazine Wirtschaftswoche.