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MDA Technologies 3/2016

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MDA Technologies 3/2016

We Are Shaping the

We Are Shaping the Digital Future Digitalization is more than just a short-lived trend – it is the future of industry. Those who join this trend at an early stage can pave the way for the digital future. Schaeffler plays a pioneering role in this sector. We develop intelligent components and data-based services that are the prerequisites for converting the condition monitoring systems of today into the predictive maintenance systems of tomorrow. This makes our customers’ manufacturing processes more efficient, and benefits our own manufacturing processes at the same time. An example is our Machine Tool 4.0, which we took to the next level by putting theory into practice in 2015. www.schaeffler.com/innovation/digitalization

The “ -Story” Sushen Doshi For the past few months everyone from industrial to financial sector has been talking about the much fancied term “Brexit”, or a British exit from the European Union. So what is Brexit, and what are its implications for the industrial sector? T he European Union - often known as the EU - is an economic and political partnership involving 28 European countries. It began after World War Two to encourage economic co-operation, with the idea that countries as trade partners, are less likely to go to war with each other. It has since grown to become a “single market” allowing goods and people to move around, basically as if the member states were one country. It is possible to set up a business or take a job anywhere within it. The idea was to boost trade, create jobs and lower prices. But it requires common law-making to ensure products are made to the same technical standards and imposes other rules to ensure a “level playing field”. On June the 23 rd , all eyes were glued on Britain and its citizens. British citizens voted on a referendum to decide the fate of United Kingdom, whether the UK should leave or remain in the European Union. More than 30 million people voted and the result was a ‘Brexit’, with 52 % opting to leave the EU against the 48 % who voted to stay in the EU. With the exception of London, almost all regions in the UK voted to leave, including Britain’s engineering heartlands. Britain is the second largest economy in the EU behind Germany and without the Brits, the EU’s economy will shrink almost by 2.5 trillion Euros. So it is needless to say it has some very serious effect on all sorts of industries involving Britain and the EU. Author: Sushen Doshi, correspondent India for MDA Technologies “Brexit” impact on German mechanical engineering sector The German mechanical engineering industry has a particularly high level of exports; in 2015 itself this sector had 77 % of its sales abroad, with almost 45 % of all the industry’s exports going to the EU countries and generating roughly 70 billion Euros. In the rankings of its major export markets, the UK comes behind the USA, China and France but ahead of Italy and the Netherlands. With an export volume of € 7.2 billion in 2015, the UK is the mechanical engineering industry’s fourth-largest export market. In 2015, Germany was the biggest supplier of machinery to the UK, ahead of the USA and well ahead of China. This export dependent sector is reliant on a stable political environment in Europe. The results of the June 23 rd referendum had all the mechanical engineering firms in Germany concerned about the negative consequences of the United Kingdom leaving the European Union. With the vote to leave the EU, trade in mechanical engineering products and services with the UK would be made significantly more difficult. This is evident even in the first quarter of 2016, where machinery exports from Germany to the UK have already fallen by 4 % to about € 1.7 billion. For export-oriented companies, fragmentation of Europe is a nightmare scenario. Another major impact would be on Germany’s auto industry. German Automobile companies are worried that a potential trade dispute between Europe and Britain in the aftermath of a Brexit NEWS AND MARKETS