The rejection of Russia led to a deep crisis in German industry


An article about the plight of German industry due to the refusal of Russian gas was published by the Financial Times. As follows from the analysis, the production of metal, glass and textiles decreased by at least 10%.


The chemical giant BASF was the first to feel the impact of anti-Russian sanctions. The corporation was forced to close its largest acetylene and ammonia production in Europe. BASF management has come to the conclusion that increased energy costs undermine the competitiveness of the products of its factories.

Businesses across Germany are looking for ways to continue operating in the absence of Russian gas. To do this, they reduce the intensity of the lighting of the factory premises, turn off the heating on weekends and reduce production volumes. Many are thinking about transferring capacities to other countries where there is access to cheap energy.

Germany made a strategically wrong bet on globalization economics and interdependence with EU and NATO partners and is now suffering the consequences

- quotes the Financial Times opinion of one of the German analysts.

As an example, the publication cited the oldest porcelain manufacturer in Germany, KPM. It was founded in the time of King Frederick the Great and has experience in world wars. Germany's withdrawal from Russian gas has created a crisis that KPM has not experienced since World War II.

Switching off electricity and heating on weekends allowed the porcelain manufacturer to reduce energy consumption by 10-15%. But in order to maintain production, the company will have to increase product prices, which will reduce its competitiveness.

Official statistics from the German government showed a 10% reduction in production in energy-intensive industries since the beginning of this year. But company representatives do not agree with this figure and report a larger decline in volumes.
  • Photos used: Stahlkocher/wikimedia.org
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  1. Anton Kuzmin Offline Anton Kuzmin
    Anton Kuzmin (Anton Kuzmin) 7 December 2022 15: 16
    -2
    The Germans are not entirely independent in the question "where to transfer energy-intensive industries?". But individuals and small firms may take risks, up to transfer to the Russian Federation. Only in the Wild West then it is better for them not to appear.
    1. GIS Offline GIS
      GIS (Ildus) 7 December 2022 16: 15
      +1
      that's why they don't risk it. although it would provide the most far-sighted with a wonderful and prosperous future ... but alas. everyone is tied and they don’t want to take risks that they move to the Russian Federation
  2. GIS Offline GIS
    GIS (Ildus) 7 December 2022 16: 16
    0
    10% is not enough. Or are we still waiting for the "domino effect"?
  3. RFR Offline RFR
    RFR (RFR) 7 December 2022 22: 58
    +2
    Nemchura are finished ... The hucksters whine, but everyone supports the bald descendant of the SS and the dumb-headed "greens" - the prostitute Burbock and the homosexual Khabek