Guest Commentary in Fastener+Fixing Magazine

German engineering has an excellent international reputation. Fastener + Fixing Magazine asked Dr. Axel Hunsche, Managing Director and Head of the calibration laboratory of TesT GmbH, about his opinion: Why are German medium-sized companies and especially the mechanical engineering industry that successful? What do family businesses have to do with it?

"Strategically positioned at the heart of Europe, Germany is a favourable business location. It is the fourth largest economy in the world. And machinery, as one of its strongest exporting sectors, sets quality standards globally. Of course, companies like TesT benefit from the stellar reputation of German engineering. But this reputation is well-founded in the German tradition of excellent education and a high appreciation and commitment for precise and efficient work. This self-conception creates a highly motivating business environment, in which innovation and progress are the driving forces, challenging the industry to meet the international expectations. Another unique factor for German businesses is the so-called German “Mittelstand”..."

Follow the link below to read more about the unique success story of German medium-sized businesses and the challenges the industry is facing.