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22 Mar
16:40

Ukraine war hampers German mechanical engineering

The war in Ukraine will have a significant impact on Germany’s mechanical and plant engineering industry, and will exacerbate the existing difficulties in supply chains, industry association VDMA says. According to a flash survey among its member companies, 85% of the 550 participants see the war as a serious or noticeable risk to their business, mainly through indirect effects. Some 80% of firms expect consequences from a further increase in energy prices, …
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