World Energy Day on October 22: Is Germany the European energy-saving champion?

Is Germany the European energy-saving champion? According to a survey by E.ON and KantarEMNID, at least 14 percent of Germans believe so, but the reality is rather different. Of the ten European countries covered in the survey, Romania takes first place with a primary energy consumption of 18,515 kilowatt hours (kWh) per head each year.

Second and third places go to Turkey and Hungary, with an annual consumption of 19,271 and 28,296 kWh, respectively. Those questioned in the survey believed – entirely incorrectly – that these places would go to Denmark (16 percent) and Germany (11 percent).

They also placed Hungary – which in reality comes in third – in last place with just one percent. Only two percent of those surveyed thought that Romania, which actually uses the least energy, was Europe’s energy-saving champion.

All those questioned believed the title should go to a nation in the north of the continent. On average, across all the countries in the survey, 26 percent believe Sweden is the best at saving energy, hence it was placed top in nine out of ten countries among those questioned by E.ON and KantarEMNID – who were therefore entirely wrong. Incidentally, the Danes are the only ones to be firmly convinced – likewise incorrectly – that their own nation takes the title, with a total of 34 percent.

These results are part of the “Living in Europe” study, for which E.ON and KantarEMNID questioned around 10,000 people in the Czech Republic, Denmark, France, Germany, Hungary, Italy, Romania, Sweden, Turkey and the UK. The energy consumption figures are based on the World Bank’s World Development Indicators (2015), published by the Federal Statistical Office.

This press release may contain forward-looking statements based on current assumptions and forecasts made by E.ON Group Management and other information currently available to E.ON. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. E.ON SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to align them to future events or developments.

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Are export shares of German machines synchronous with the industrial production of export countries?

These countries accounted for 75% of machine exports from Germany in 2017. The comparison of machine exports and industrial production is useful as industrial production is an important economic indicator for the demand for machines.

The Quest Export Report identifies synchronous and asynchronous developments between machine exports from Germany and the industrial production of the export countries concerned.

The long-term horizon of nine years from 2008 to 2017, the standardization of the pre-crisis year 2008 as a common starting line and finally the quantification of the growth rates of machine exports and industrial production show synchronicity and asynchronicity at a glance.

Only Turkey shows a certain synchronism. Industrial production there grew by 65% between 2008 and 2017, while machine exports rose by more than 50% thus virtually exhausting the growth of industrial production.

The opposite pole with high asynchronism is Russia. There, industrial production in 2017 was 10% above the pre-crisis level, machine exports from Germany resembled a roller coaster ride mainly due to the sanctions and therefore remained 30% below the 2008 level. The report asks who benefits from these sanctions and whether the USA has been sanctioned because of its wars against Iraq and Afghanistan, which violated international law?

The report also identifies synchronism and asynchronism in the course of machine exports and industrial production in regard to China, the USA and the EU.

The Quest Export Report serves as a starting point for identifying the causes of major deviations from machine exports and industrial production.

The report is available on https://www.quest-trendmagazine.com/en/machinery-industry/exports/machine-exports-and-industrial-production.html

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The growth rates of industrial production for 82% of German machinery industry’s export countries

The new report in the Quest Trend Magazine identifies the yearly growth rates of the global industrial production, the most important economic indicator for machinery industry and automation technology. The new report covers countries that absorbed 82% of all machine exports from Germany in 2017. These are the EU, the USA and Japan (61%), the BRIC countries Brazil, Russia, India and China (15%) as well as the MIST countries Mexico, Indonesia, South Korea and Turkey (6%).

The report identifies the annual growth and change rates of industrial production after it had overcome its crisis low in the respective country. The result is sobering. The annual growth rates of industrial production in the industrialised countries are 1.3% per year for Germany, 1.1% for the EU, 1.0% for the USA and 0.3% for Japan.

These growth rates confirm the structural changes that have taken place in the course of industrial production in industrialised countries since 2000. Instead of a previously usual economic upswing after crises, an uneven, sluggish overcoming of the crisis has taken place, in which growth, stagnation and setbacks coexist producing a stagnating or temporarily only slightly growing overall trend. The claim of a "buzzing economy" in the US is a mixture of outdated pattern recognition and wishful thinking. The latter may have contributed to the fact that the level of indebtedness of state, companies and consumers in the USA has reached new highs.

The aggressive policy of the Trump government is acctually not based on an "economic boom in America", but on an increasingly weaker position of the USA, especially vis-à-vis China.

The report also examines the annual growth rates of the BRIC countries, which range from -1.9% (Brazil) to 9.3% (China).

Industrial production in the MIST countries is also mixed, with annual growth rates ranging from 0.8% (Mexico) to 7.2% (Turkey).

This report draws attention to relevant influencing factors for the future development of mechanical engineering and automation technology. It is available on https://www.quest-trendmagazine.com/en/global-economy/outlook/growth-rates-of-worldwide-industrial-production.html

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Exports of rubber and plastics machines more strongly focused on growth markets – new Quest Industry Report

A new industry report in the Quest Trend Magazine compares the export markets for rubber and plastics machinery with those of mechanical engineering and shows the comparatively stronger focus on growth markets.

Only 37% of the industry’s exports go to the low-growing EU, while the share for the machinery industry is 49%. The BRIC countries and the MIST countries (Mexico, Indonesia, South Korea and Turkey) each have higher export shares of rubber and plastics machinery than the average for the machinery industry.

The link to this industry report is https://www.quest-trendmagazine.com/en/machinery-industry/rubber-and-plastics-machinery/structure-of-exports-of-rubber-and-plastics-machines.html

The concentration on a few export countries for rubber and plastics machinery is also less pronounced than in the German machinery industry as a whole.

However, this stronger growth orientation was more pronounced after the global economic crisis and has been weakening since then. A further new industry report shows that the export markets for rubber and plastics machinery have been back on track since 2016 as before the global economic crisis of 2008/2009. The focus on growth-intensive China has weakened in favor of the USA, the export share to the EU is even higher than before the crisis and exports to the partially strongly growing MIST countries were higher in 2011 than in 2017.

This industry report is available in the Quest Trend Magazine at https://www.quest-trendmagazine.com/en/machinery-industry/rubber-and-plastics-machinery/exports-rubber-and-plastics-machines.html

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Ecovis assists its client with outsource accounting, local tax compliance and company formation

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Background

Our client in Turkey is a subsidiary of a multinational company operating in the field of batteries, chargers, accessories for motive, reserve, aerospace and defence applications. The client’s headquarters are located in the United States of America.

Issue

Our client was aiming to expand its business into Tunisia and therefore they checked with us – ECOVIS Kapital Network (Istanbul) – whether we can support them in the region for the provision of outsource accounting, local tax compliance and reporting services in Tunisia.

Solution

Since our client confirmed that they are very happy to work with us and satisfied with the quality of the services that ECOVIS Kapital Network (Istanbul) has been providing them with respect to their activities in Turkey, they wanted to move forward with ECOVIS in Tunisia, too., We therefore put our client in contact with our valuable and experienced partners at ECOVIS KDH Partners Tunisia to support them with the same quality standards that the client was looking for.

Currently

ECOVIS KDH Partners Tunisia has successfully been providing our client with outsource accounting, bookkeeping, local tax compliance and reporting services of a high quality standard.

Author

Serhat Umut Aydın, Partner, ECOVIS Kapital Network, İSTANBUL, Turkey

serhat.aydin@kapitalnetwork.com

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Güvenal relies on CADENAS technology to reach aim of 20% increase product sales by 2019

From 1976 to present, Güvenal Die & Mould Components, a member of Güvenal Group Companies, has continued to grow and develop its customer orientated global services. The next step in this process was to offer their customers product information in all current 3D CAD formats with the help of an Electronic Product Catalog based on eCATALOGsolutions from CADENAS. “The benefits of this solution from CADENAS is to enable design and engineer teams to reach Güvenal products faster and easier,” exaplains Tayfun Tarakcioglu, Manager of International Trade Department at Güvenal.

Not only are Güvenal’s die and mould components available in over 100 native CAD formats, but also on the record breaking PARTcommunity portal that saw 260 million downloads in 2017.

“We believe that CADENAS is more accessible and advanced than other platforms and Güvenal products will reach a wider user base,” says Tayfun Tarakcioglu. The Turkish manufacturer aims to increase their product count by 20% by 2019, a valiant effort that CADENAS aims to help with by making all Güvenal products available online 24 hours a day, 7 days a week to a potential of 16 million engineers, technicians and purchasers worldwide.

Since its first store opened in Istanbul the company has adopted a service culture focusing on customer satisfaction. By making all products available in the most used CAD formats, Güvenal allows for its customers to access all necessary data without leaving the website to offer the upmost convinience. Even order codes and requests for information can be found beside the product information online.

To check out the die and mould components for yourself. Then simply visit: https://guvenal.partcommunity.com

To learn more about how to market your products to engineers, purchasers and technicians then visit the CADENAS website here www.cadenas.de/en/products/ecatalogsolutions/electronic-cad-catalog or contact [email=marketing@cadenas.de%20]marketing@cadenas.de [/email]for a free consultation

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