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State Development Corporation of Thuringia (LEG Thüringen)

Dept. Investment, International Business and Cluster Promotion

Mainzerhofstraße 12
99084 Erfurt
Phone: +49 (0) 361 5603-450
Fax: +49 (0) 361 5603-328
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Despite pandemic: Thuringia attracts many investments

As the year draws to a close, it is time to take stock: Thuringia proved to be an appealing investment location yet again in 2021, bringing in companies from all corners of the world. Despite the strict COVID-19 lockdowns imposed worldwide, Thuringia kept attracting companies at a steady pace as business stayed about as healthy as in the prepandemic years.

A total of 40 companies invested around 460 million euros this year and made commitments to create more than 1,800 jobs. It was encouraging that no significant relocation or expansion projects were scrapped by investors or lost in response to the pandemic. “Thuringia has held its own against international competition, even in an adverse environment,” stated Andreas Krey, Chairman of the LEG Board. “Key locational advantages that often tilted the scales in our favor include Thuringia’s unique prime location, the deep technological expertise of local companies and research institutes, and not least the high quality of life, which is becoming increasingly important amid a skilled labor shortage.” Companies come to Thuringia from various regions of the world, including the United States, China, Japan, France and Italy. “The projects were situated in innovative industries, including automotive and electromobility, medical devices, semiconductors, optics and sensors,” said Dr. Arnulf Wulff, Senior Vice President and Department Head in charge of attracting new business and marketing Thuringia for LEG. “The pandemic did not stop us from maintaining our high service quality and even improving it by expanding our digital services to better serve our customers and reach out personally whenever possible!” (hw)

There is space for up to six production lines in the approximately 500-meter-long building of CATL‘s battery gigafactory. Photo: CATL

There is space for up to six production lines in the approximately 500-meter-long building of CATL‘s battery gigafactory. Photo: CATL