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Article: Eastern Germany remains land of opportunity. (chemical industry)(German Investment Flows Overseas)
- Article from:
- Chemical Week
- Article date:
- May 29, 1996
- Author:
CopyrightCOPYRIGHT 1996 Access Intelligence, LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Low labor costs and high government subsidies remain attractive to companies wishing to invest in the former East Germany. Although living standards are coming closer to levels in western Germany, such factors continue to give eastern Germany competitive advantage for potential investors. Coupled with a high-quality workforce and greater availability of land for plant construction, the region continues to offer opportunity.
One of the first western European companies to set up in the region was BASF, which bought into the Schwarzheide complex in the southeastern corner of the former East Germany in 1991. The German giant scrapped several of the existing units at the ...