Germany’s Export Engines

Germany’s Export Engines
April 22, 2015 Bloomberg.com
germany export

In Germany, the Erich Utsch AG plant is building a staple of American prisons: the equipment convicts use to crank out vehicle license plates. Utsch, with its niche product and exporting zeal, is one of the 3.7 million small and medium-sized companies driving Europe’s biggest economy. The son of the company’s founder, recently revealed their international export activities, with a whopping 80 percent of their revenue already coming from abroad. Besides, exports are key for the German country as it recovers from a slump that sapped growth throughout Europe last year.

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