FEV invests 6 million euros in 4 test benches. The subsidiary of the global FEV Group, based in Aachen, runs durability tests on combustion engines for automotive manufacturers at its Brehna site. Over recent months, the firm has invested around six million euros in constructing additional test benches and created ten new jobs. The project received investment support of around 1.16 million Euros from the “Verbesserung der regionalen Wirtschaftsstruktur” fund (GRW), a regional business infrastructure development programme run by the German Federal Ministry of Economics and Technology. “Sustainable development of the Brehna site is extremely important to FEV. It is the only way to secure existing jobs and create new positions for qualified staff in a highly competitive international environment. Engineering innovations from our current operations are generating new business; we have already set up another FEV subsidiary in the region, FEV Automatisierungssysteme GmbH. Investment support and the rapid provision of funding are essential factors in the flexibility, and thus in the competitiveness of our company”, said Dr Stefan Trampert, managing director of FEV Dauerlaufprüfzentrum GmbH.IMG, the Investment and Marketing Corporation of the German federal state of Saxony-Anhalt, and the Central European Chemical Network (CeChemNet) organize the  B2B event Chemical parks: a successful business model in Germany – an opportunity for US-American entrepreneusr on November 30, 2011. Together with its local partner, the German American Chamber of Commerce of the Southern US, we try to bring together decision makers of the US-American and German chemical industry. Saxony-Anhalt, located in the middle of the Central German chemicals landscape, has a long tradition both with regard to its unique chemical park concept and the presence of global players like DOW Chemical and Styron. The exclusive B2B event gives you the opportunity to get in touch with executives of these companies: Mr. Doug Sheldon, Director of New Business Development of DOW Chemical, Mr. Alex Segers, CEO of DOMO Chemicals as well as representatives of the German chemical parks. Get more information here.Business development in Saxony-Anhalt continues positive. This was the finding of an analysis by the eastern German association of private banks, which also recommended intensifying exports to new markets. Saxony-Anhalt saw a return to growth just one year after the economic and financial crisis of 2008/2009. Now, “we can also expect a clear increase in gross national product in 2001, a recent slowdown notwithstanding”. This is one of the key findings of the latest analysis of the Saxony-Anhalt business environment, conducted by the eastern German private bank association, the Ostdeutscher Bankenverband.More information can be found here.