November 27, 2021

MoviesOnline

Complete Canadian News World

The auto industry is pressing the brakes on investment for a moment

The auto industry is pressing the brakes on investment for a moment

The auto industry is going through a serious crisis for the first time. The current is one of the biggest ever. The state of the auto industry is reflected, among other things, in the volume of investments that companies have abandoned. The coronavirus pandemic has halted many investment plans, but the vast majority of them have a chance to revitalize them in the coming years, when the social and economic situation returns to normal – he says Paweł Gos, CEO of Exact Systems.

The “MotoBarometer 2021” report shows that 58 percent are in Poland. Representatives of the auto industry quit new projects. 38 percent gave up part of the investment, 18 percent moved their plans into the future, and only 2 percent. I let them go completely. Taking into account all 11 countries in which Exact Systems conducted the survey, the Polish result is the third highest. Only Germany (63%) and Romania (62%) are behind us. The same percentage as Poland was recorded by the Spanish auto industry. The COVID-19 pandemic has affected Belgium (34%) and Slovakia (37%) the least in investments.

Representatives of the auto plants were asked if they plan any investments in the next three years. 2 out of 3 responded positively (68%), every ninth responded negatively (11%), and every fifth could not identify their plans (21%). It is very difficult to plan exactly what will happen in 5-10 years, and even in 2-3 years. In this context, it seems that the “Polish group” of representatives of automobile plants in Poland, who announced that the investment will be implemented within the next three years, is quite a lot. The proportion of “motorcycle investors” in our country is the highest among all eleven countries. It is similar in Turkey and Hungary and is – 66 percent, respectively. and 65 per cent, and we can handle the least number of investments in the coming years in Portugal (33 per cent of indicators).

See also  Adidas sold Reebok for billions of dollars to ABG

s

Wawel Borys of the Polish Development Fund notes that investments in the automotive industry are more cyclical than investments in general industrial processing, and in 2022 we expect its high growth. In the last three quarters for which data is available, the year-over-year investment dynamics in automobiles have been lower than those in industrial processing. But the difference between investment dynamics in industrial processing and production of cars, trailers and semi-trailers is narrowing. This indicates a reversal of the investment cycle in the auto industry. The pandemic and the challenges that initially emerged are disrupting the usual course of economic recovery. The potential of the auto industry is much higher than the current sales volume of new cars, especially given the impact of delayed depreciation. Advertise on MotoBarometer at 68 percent. Representatives of car factories in Poland, investment plans are another confirmation of the upcoming recovery of investment in cars – says Bauwe Boris, Chairman of the Board of Directors of the Polish Development Fund.

In each of the countries surveyed, the first investment objective is to increase production capacity. In Poland, two out of three respondents (68 percent) answered this question, and in the Czech Republic, the Netherlands, Spain and Turkey as many as 8 out of 10 respondents answered. It is worth paying attention to the second goal, which received the most indicators in our country. There are plans for 22 percent. Of the respondents, a new production plant. With this result, we are at the forefront of the countries surveyed – along with Spain (25% of responses) and Hungary (23%). In the Czech Republic, Slovakia and Turkey, every five respondents (19% of responses) think about the new plant, and in Germany every seven (14%). Only in Portugal, no one has such an investment objective. In Poland, 8%. Of the respondents, they indicated a new research and development center, and 6 percent. He is considering taking on another company.

The Chairman of the Board of Directors of Exact Systems and the Polish Development Fund agree on a qualitative change in the Polish automobile industry, which translates into the active participation of our country in the automotive revolution.

– Apart from the large number of announced investments, qualitative change is also important. Poland has become an important player in the electric mobility market. We have been a net exporter of batteries since 2012. In 2019, we were the seventh largest battery exporter in the world, and in 2020 Poland climbed to fourth place after China, Korea and Germany. Specializing in new areas and creating unique technical knowledge may become an opportunity for our industry for further intensive development in the coming years – emphasizes Paweł Borys.

Paweł Gos adds: – Poland is actively participating in the automobile revolution, not yet in terms of demand, because here we are still pale compared to Europe, but mainly in terms of investment and supply, that is, production. In the list of sub-suppliers of the electric mobility sector, we are ranked in one of the highest places, and we are often the preferred country for international companies.

collected by NS