Mechanical engineering in NRW: subdued mood despite large-scale plant business
Demand for machinery and equipment from North Rhine-Westphalia was down 21% year-on-year in real terms in October 2023.
Demand for machinery and equipment from North Rhine-Westphalia was down 21% year-on-year in real terms in October 2023.
At the 22nd Financing Day of the mechanical and plant engineering industry in NRW, the focus was on the opportunities and challenges of the so-called twin transition.
Against the backdrop of the shortage of skilled workers in purchasing, strategies were discussed on how management and motivation can create a framework to keep talented employees in the company.
The event provided information on current tax issues and provided valuable information on key corporate tax topics as well as current tax projects of the German government.
Order intake in the mechanical and plant engineering sector in North Rhine-Westphalia in August 2023 fell short of its prior-year result by 18 percent in real terms. There were 4 percent fewer orders from Germany and 24 percent fewer from abroad.
The cost of having your own trade fair stand is high – especially when it comes to foreign trade fairs. The state of NRW supports small and medium-sized companies to exhibit at a trade fair of their choice.
Order intake in the mechanical and plant engineering sector in North Rhine-Westphalia in July 2023 fell short of the prior-year figure by 13 percent in real terms.
In May 2023, new orders in North Rhine-Westphalia’s mechanical and plant engineering sector exceeded its prior-year result by 28 percent in real terms.
The event offered participants the opportunity to learn about and exchange information on current developments in tax law.
From now on, small and medium-sized enterprises, among others, can also apply for a subsidy in the state program “Hardship Assistance SME Energy” for non-conducted energy sources.