Dear Readers,

The news in the past weeks were dominated by the terrible atrocities in Ukraine. The Russia-Ukraine conflict has increased uncertainty about the recovery of the global economy. Our thoughts are with those who are suffering.

However, as almost everything is interconnected in our increasingly complicated world, we have to deal with multiple issues simultaneously in order to shape a better tomorrow. And in times like these, our attention is also drawn to the great efforts that are made to adjust to new challenges.

For instance, a reliable and sustainable supply of Energy plays a particular crucial role these days. We therefore want to introduce you to inspiring new projects in Hessen. At Industriepark-Hoechst, two innovative start-ups have set up pilot plants to produce renewable fuels. In this newsletter, we further want to showcase BioNTech´s impressive expansion at their Marburg site, the conversion of a former automotive plant in Idstein into a modern logistics park and exciting news from our financial center in Frankfurt.

Moreover, I would like to recommend reading our Interview with Robert Fehler from the Indian IT-giant HCL – a great piece about why Hessen is a such an attractive place to do business and to live.

I wish you interesting reading.

Developments in Hessen

Alternative Fuels: Innovative projects at Industriepark-Hoechst

The current geopolitical situation is once again unfolding the importance of a secure and sustainable supply of energy. Industriepark-Hoechst is increasingly developing into a major technology hub in this field.

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MLP Group continues to expand its operations in Idstein

The Polish MLP Group is rapidly expanding its investment portfolio in Germany. The company is about to launch another brownfield project - a logistics park near Frankfurt am Main.

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JPMorgan has merged its EU businesses into one entity in Frankfurt and continues expansion

As part of an effort to simplify its structure for EU-based clients and to make its business more competitive after Brexit, the American banking giant JPMorgan has merged most of its European Union businesses into a single entity in Germany.

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Update: International Sustainability Standards Board (ISSB) in Frankfurt - Agreements signed

The public and private sector signed agreements with the International Financial Reporting Standards Foundation (IFRS) that regulate the presence of the International Sustainability Standards Board (ISSB) in Frankfurt.

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BioNTech is further expanding their Marburg site

After taking over the Marburg plant from Novartis with 300 employees in 2020 to expand its COVID-19 vaccine production capacities, BioNTech has grown steadily at their location in Central Hessen.

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A Hessian-Indian Success Story

The Best of Both Worlds

Have you ever heard of HCL? HCL stands for Hindustan Computers Limited, a leading lT service company headquartered in India. From their European Headquarter, located in Eschborn in Hessen, they service many of Germany’s Top 40 companies as well as clients in Austria and Switzerland. We wanted to know why the company opted to locate in Hessen and talked to Dr. Rolf Frank Fehler, Senior Vice President & Country Head Germany at HCL Technologies. Not only did the conversation cover HCL’s strategic location decision, but we also learned about their cricket team and a cow named Elsa!

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