Kurt Kern founded his company of the same name in 1962. Today, Kern Microtechnik, Eschenlohe, is a leading developer and manufacturer of high-precision machining centres. But when and how did decisive developments come about and where is the company heading in the future? The majority owners and managing directors Simon Eickholt and Sebastian Guggenmos provide insights.
[the conflict between Russia and Ukraine hits the heart of the European economy: the German industrial giant is teetering] over the past two years, German industry has been struggling to extricate itself from the pandemic and unprecedented supply chain challenges. today, the "dawn at the end of the tunnel" has yet to emerge. The sudden conflict between Russia and Ukraine could be even more deadly: the crisis is rapidly threatening Germany's once proud car, chemical and precision machinery manufacturers, and the locomotive of the European economy is likely to face the risk of derailment.
Germany’s industrial base, just emerging from the COVID-19 pandemic and unprecedented supply chain challenges, is taking another beating with Russia’s war in Ukraine hitting its powerhouse vehicle, chemical and precision-machinery manufacturers.
As the conflict pushes energy costs to new heights and a wave of inflation builds, scores of companies, including BMW AG, BASF SE and ThyssenKrupp AG, have warned that their earnings would slip, while others declined to offer a prediction. Economists have slashed growth forecasts.
“If the war drags on, it would seriously threaten a world order that has brought freedom and prosperity to many parts of the world over the
(Bloomberg) Germany’s industrial base, just emerging from pandemic and unprecedented supply-chain challenges, is taking another beating with Russia’s war on Ukraine hitting its powerhouse car, chemical and precision-machinery manufacturers.