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LATEST INVESTMENTS


AEROSPACE NEWMAINTENANCEFACILITY Canada-based aerospace and transportation company Bombardier has opened a new line maintenance station in Geneva, Switzerland. The new 10,000 sqm station offers line maintenance services for several of its aircraft. The company also announced plans to expand its aircraft service centre in Berlin, Germany and London, UK.


AUTOMOTIVECOMPONENTS SYNTHETICLEATHERPLANT Japan-based automotive manufacturer Seiren has announced plans to establish a subsidiary and manufacturing plant in Pecs, Hungary. The site will produce synthetic leather car seat covers for the European market. The €42m investment is set to create 170 jobs by late 2022. The 26,000 sqm manufacturing location will produce 4.1 million sqmof synthetic leather each year. The site will be operated by Seiren Hungary Kft.


BIOTECHNOLOGY CELLULARTHERAPYCENTRE US-based pharma giant Bristol-Myers Squibb has announced that it will open its first European cell therapy manufacturing centre in Leiden, the Netherlands. The facility, which will be located at the Leiden Bio Science Park, will expand the company’s CAR-T treatment capacity for cancer patients in Europe. The facility is expected to open in late 2024 and will create around 500 new jobs.


COMMUNICATIONS SLOVAKIANCOVERAGE Orange Slovensko, a subsidiary of France-based Orange SA, has further expanded its Long-Term Evolution network in Slovakia. The company has provided coverage to five villages in the east of the country, serving 3700 people.


INDUSTRIALEQUIPMENT COOLHEADQUARTERS Carel Adriatic, a subsidiary of Italy-based Carel, which offers air conditioning and refrigeration equipment, is expanding its headquarters in Labin, Croatia. The 5200 sqmfacility is set to open in early 2022, creating 100 new jobs.


REALESTATE BRANCHINGOUTTOTHEUK Panattoni, the US-based real estate development firm, is establishing a 15,630 sqmproperty near Farnborough, UK. The development is set to be completed by the third quarter of 2021, will include 12 dock doors, nine level-access doors for van deliveries, and other features.


RENEWABLEENERGY POWERINGGERMANY Norway-based energy specialist Statkraft is planning to develop and construct a 36MW wind farmin the Wesertal area of Germany. Up to six wind turbines are to be installed in northern Hessen by 2025. The new wind farm, located on a 67-hectare plot, will generate enough power to supply 20,000 households annually.


This investment news and data has been provided by fDi Markets, a crossborder investment tracking service that is part of The Financial Times Ltd’s fDi Intelligence division (www.fdiintelligence.com)


STATS


EUROPE GREENFIELD FDI INTOHOTELS&TOURISM BETWEEN 2015AND2020 BY PROJECTNUMBER


100 120


20 40 60 80


0 Source: fDi Markets June/July 2021 www.fDiIntelligence.com


EUROPE GREENFIELD FDI INTOHOTELS&TOURISM BETWEEN 2015AND2020 BY CAPEX


0 1 2 3 4 5 6


Source: fDi Markets


Europe I


Viewfrom


had always thought that the space industry


is nothing but a cheap cop-out for guyswho haven’t quite grownout


of their ‘StarWars phase’— certainly not a serious field of business.Howwrong Iwas. The space industry forms the


backbone ofmany of the thingswe take for granted, frommobile phone reception to climate change research. The space industry is a powerful economic force in itself, turning over billions and providing 45,000 jobs in Europe alone. That space is an area where


moneycanbe made, as best illustrated by for-profit organisations, such as SpaceX or Virgin Galactic,moving into this field. In Europe, France is the biggest


space nation in terms of jobs, accounting for about 40% of the total, followed by Germany (with 20% and about half that of France). Italy and theUKare in a distant third and fourth (housing approximately 10% each). Perhaps even more important, however, are Europe’s space institutions: the European Space Agency and European Space Operation Centre, to name just two. There are even three ongoing European flagship projects: Copernicus (Earth observation data), Galileo (satellite navigation system) and Egnos (Geo-stationary navigation for aviation and maritimepositioning). The importance of space for


Europe doesn’t only lie in good jobs, but in its cross-sectional technological-enabling function. If wewant to have autonomous driving, for example,weneed to have at least 5G service in areas where there are currently no cell towers. It is therefore unsurprising that the German automotive industry is in close talks with companies such as ISAR Aerospace and SpaceX.Weare on the verge of a paradigm shift— themerging of one of Europe’s key industries with an emerging industry fewof us have on their radar yet. It is timewetook a closer look.■


Martin G Kaspar is head of business development at a German Mittelstand company within the auto- motive industry.


Email: martin.georg.kaspar@gmail.com 69


Project number UK


GERMANY SPAIN FRANCE


PORTUGAL


Capex ($bn)


SPAIN GERMANY UK


MONTENEGRO RUSSIA


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