Hessen continues to attract global businesses
Four Asian firms have recently established operations in Frankfurt, underscoring the city’s international business appeal.
Frankfurt has once again proven itself as a favored destination for international business. Four leading Asian companies representing diverse sectors, such as chemicals, robotics, food, and services, have set up operations in the city. The developments highlight the persistent allure of Germany’s financial capital, located in the heart of Germany and the state of Hessen. The four companies have launched operations in Frankfurt with a combined capital of more than €2 million and 130 jobs. All have plans for further growth in the city.
Among the new additions is ABS Commerce & Industrial GmbH, a subsidiary of the Shanghai-listed Angel Yeast Co. Ltd., one of the world’s leading yeast manufacturers. The firm opted for Frankfurt because of the city’s optimal geographic location, favorable investment landscape, and vast market potential. Other contenders included Hamburg, Zurich, and Amsterdam.
Xpat24 GmbH, an Indian enterprise, also recently established its base in Frankfurt. The company runs a platform that serves Indian entrepreneurs and professionals in Germany. The move was partly motivated by the growing Indian community here.
Libiao Robotics, a world-leading Chinese robotics company, represents another new arrival from Asia. The company has located its “European hub” in Niederrad, in the southwest part of the city.
These investments represent further examples of Hessen’s and Frankfurt’s status as a preferred destination for successful international businesses.