Automotive and Engineering
The Baltic Sea Region (BSR) is emerging as an attractive investment destination within the automotive and engineering industry. With high levels of technical education, the BSR features in the fastest growing economies of the world. The automotive and engineering industry in particular has seen vast changes in the region. Moving ahead from the traditional sector of automotive and traditional engineering domain, it is now considered as a frontrunner in vehicle safety, renewable energy (bioenergy production), machinery and shipbuilding (component production, services subcontracting), power generation, precision engineering and robotics.
Comparitive advantages of the region:
With innovative technologies, well-educated staff, strong clusters, innovative R&D and an environmental focus the BSR has plenty to offer within these dynamic industries. For example, the vehicle cluster in the Göteborg region is one of a handful of high-tech automotive clusters worldwide. Here Volvo Cars and Saab Automobile developed their leadership in car safety – a performance they share with the two Swedish heavy truck companies Volvo Truck and Scania. The advantages that the region enjoys are listed below:
- World-famous brands
- World-class standards of automation and production
- Proven record of ground-breaking design
- Established sub-supply network
- Strong high-tech automotive cluster
- Intelligent vehicle safety research
- Vehicle telematics and electronics hotbed
- Close collaboration between academia (universities) and industry
- Advanced use of IT in manufacturing and industry
- Extensive experience in modern leadership
Research and Development potential:
The Baltic Sea Region has given priority to innovation with a strong emphasis on research and design. The large engineering multinationals present in the region spend considerable amounts on R&D. While VTT (Technical Research Centre of Finland) is the biggest contract research organization in Northern Europe, KCL (Central Laboratory), owned by the Finnish pulp, paper and board industries, gives a boost to the research in the entire value chain of papermaking from raw materials to the printed end products and consumer habits. The presence of institutes like Chalmers University of Technology in Göteborg, the Royal Institute of Technology in Stockholm, Linköping Institute of Technology, TKK (Helsinki University of Technology), Semiconductor Physics Institute (SPI) of Kaunas University of Technology, the Institute of Piezomechanics of Kaunas University of Technology, the Welding and Materials Research Institute of Vilnius Gediminas Technical University has also given a boost to the R&D development in the region.
Presence of major brands in the Baltic Sea Region
Home to many brands like ABB, Atlas Copco, Autoliv, Haldexm, Kone, Saab, Sandvik, Scania, SKF, Snaige, Wartsila, etc., the BSR has seen growing investment from all over the world. A large number of companies have set up their headquarters or production plants in an effort to profit from the advantages. Some of them are
- France: Dassault, Valeo
- Germany: BMW, Bosch, Benteler, Brose
- India: Larsen & Toubro, Bharat Forge
- South Korea: Daewoo Precision Industries
- US: Delphi, Ford, GM, Johnson Controls, Tenneco, Visteon
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