U.S. takeover of German heat pump maker Viessmann sparks fears of key industry loss
Spiegel / 麻豆无码版
The of German heat pump manufacturer Viessmann to U.S. air conditioner maker Carrier Global has sparked fears amongst German trade unionists and politicians over the loss of industries that are central to the country's energy transition plans. 鈥淧oor industrial policy decisions have already damaged an entire future industry, such as the solar industry and photovoltaics,鈥 J枚rg K枚hlinger, district leader of trade union IG Metall, Spiegel. The solar industry largely migrated to China after subsidies in Germany were removed about a decade ago. 鈥淭his must not be repeated,鈥 K枚hlinger added. Economy minister Robert Habeck it was important that Germany鈥檚 energy policy and the profits it generates continue to benefit the country as a business location. 鈥淲e will pay attention to this,鈥 he said, adding that the government is in discussion with both companies to ensure that the project helps the country鈥檚 economy. Finance minister Christian Lindner from the Free Democrats (FDP) said that the government must analyse the reason for the takeover carefully, Spiegel reports. It was a 鈥減ity鈥 that an important and promising technology sector was being transferred to US hands, Christian Democrat (CDU) politician Julia Kl枚ckner said.
Viessmann, which produces specialised air conditioning units and heat pumps, it would sell its 鈥楥limate Solutions鈥 business division for 12 billion euros to Carrier Global. For months the company had been trying to raise funds for investments for the ramp-up of heat pump production, according to Spiegel. The government is strongly promoting heat pumps in the move towards climate-friendly heating and aims to install 500,000 units per year in German homes from next year. The government coalition also recently agreed on a de-facto ban to the installation of new fossil fuel run heating systems from 2024, as most German homes are currently heated with gas boilers.
The German market for heat pumps is set to expand strongly, Jens S眉dekum, part of the economy ministry advisory board, on Twitter. This means the market has become attractive to competitors, from example from Asia, he explained, adding that this would reduce profit margins as heat pumps become cheaper. 鈥淰iessmann has probably come to the conclusion that now is the optimal time to exit, as the market has not yet fully digested this dynamic.鈥