Tag Archives: manufacturing industry

Austrian Manufacturing Has a Foundation of Steel and Innovation

Posted on May 18th, 2017
Austrian Manufacturing

Ever since the discovery of coal in the Rhineland, the Austro-Hungarian Empire began to take advantage of the potential to industrialize. Today the face of manufacturing has changed and so has Austria’s contribution to the manufacturing industry. It remains a strong contender in European and International circles, and Austro-Hungarian products are known for their high quality. Austria definitely still has a few tricks up it sleeves when it comes to production and manufacturing. And just like in it’s past—steel is a common product manufactured in the region. Steel is still a big contender Back in the good ol’ days of coal-energy and production, steel was the Austrian power product. The production of crude steel is still a big deal because of companies like Voestalpine. But the “how” of their production process is what makes this company distinct. Generally, coal is…

The German Manufacturing Industry Faces Many Challenges Ahead

Posted on May 11th, 2017
German manufacturing

Germany has a long history of industry and manufacturing that reaches back to their nationalist roots in the 1800s. They’ve always been an example of economic stability, management, and innovation, not only Europe, but the rest of the world, has followed. When it comes to manufacturing, automotive companies like BMW and Mercedes-Benz or electronics companies like Siemens come to mind. These enterprises, like most, have shown great stamina and endurance in the past years, especially after the 2008 global economic drop. Changes in the Market The past six years of German PMI only show gains. But we may see signs of this changing.  A steady slowing of production and labor market transition away from manufacturing jobs has recently stunned the market. In January, a quarterly report released information on the current state of European manufacturing. This report contained Germany’s PMI…