Companies in Germany have created the German economy to be the largest in all of Europe. This economy, in fact, is the third largest in the world. Billions of Euro in investment money come into Germany each year.
To maintain the high standard of living in Germany takes a lot of hard work. German companies contribute to this high standard of living in the quality and popularity of their products and services. And they do this by excellent manufacturing and engineering.
With its investor-friendly atmosphere and labor costs decreasing, Germany is a great place to set up a shop or start a business. Companies find it’s easy to do business and they find it is profitable as well.
Many companies in Germany are some of the world’s leaders. Most of the top twenty German companies on the DAX (Germany’s stock market index) have world-renowned names. No matter what country you are from, you’ll recognize many if not all of them.
The Top 20 German Companies
Within the top 10 of the top 20 companies are the popular automobile manufacturers. This includes Daimler-Chrysler, Volkswagen and BMW. Audi is in the top 20 but not within the top 10.
Of course, of worldwide fame for engineering, Mercedes and BMW are the tops, with Audi and Porsche close behind. The reputation of these companies spreads around the globe.
Insurance companies and banks dot the top twenty of the DAX as well. You’ll find Allianz and Münchener Rück, both top insurance companies in Germany. The banks on the top 20 list are Deutsche Bank and Hypo-Vereinsbank.
For electronics and mechanical companies there are Siemens and Thyssen-Krupp at the head of the line. Siemens operates in the industry, healthcare and energy sectors. Krupp manufactures espresso machines, coffee makers, toaster ovens and blenders.
You can depend on Germany for having some of the best in telecommunications and postal services. A telecommunications company at the top of the DAX is Deutsche Telekom and of course the Deutsche Post is there for its excellent postal services (including its DHL worldwide postal service).
Trade companies in Germany do great business in this prosperous country. There are three that come in at the top of Germany’s index. These are Metro, Aldi and Lidl.
RWE and Eon are two energy companies that come very close to the top. RWE is in the top ten and Eon comes close at number 13.
BASF, based in Ludwigshafen, is a well known company, producing chemicals. This multi-national manufacturer produces those chemicals that are active in nylon, fiber intermediates, finishing compounds and resins.
Some German companies not in the top twenty, but still large and prosperous, are Bosch Power Tools and Bertelsmann. Bosch Power Tools obviously manufactures tools and accessories. Bertelsmann is a media corporation based in Gütersloh and as of 2007, employed over 102,000 employees in 63 countries. They used to own BMG Music Group (which is now defunct), and had 50% interest in Sony BMG.
Deutsche Telekom AG is also a telecommunications company with headquarters in Bonn. All the subsidiaries of this company start with T — like T-Online, T-Home and T-Mobile. T-Systems is another subsidiary that is a business division which focuses on providing to very large customer bases.
Companies in Germany do well, of that there’s no doubt. Germany is a thriving country of both large and small businesses and has a wonderful standard of living that would make anyone envious. ;-)