• Advertise
  • Contact Us
  • About Us
  • Supplier Directory
  • Login
  • Subscribe
  • Logout
  • My Profile

  • CORONAVIRUS
  • LOGISTICS
    • Air Cargo
    • All Logistics
    • Express/Small Shipments
    • Facility Location Planning
    • Freight Forwarding/Customs Brokerage
    • Global Gateways
    • Global Logistics
    • Last Mile Delivery
    • Logistics Outsourcing
    • LTL/Truckload Services
    • Ocean Transportation
    • Rail & Intermodal
    • Reverse Logistics
    • Service Parts Management
    • Transportation & Distribution
  • TECHNOLOGY
    • All Technology
    • Artificial Intelligence
    • Cloud & On-Demand Systems
    • Data Management (Big Data/IoT/Blockchain)
    • ERP & Enterprise Systems
    • Forecasting & Demand Planning
    • Global Trade Management
    • Inventory Planning/ Optimization
    • Product Lifecycle Management
    • Sales & Operations Planning
    • SC Finance & Revenue Management
    • SC Planning & Optimization
    • Sourcing/Procurement/SRM
    • Supply Chain Visibility
    • Transportation Management
  • GENERAL SCM
    • Business Strategy Alignment
    • Education & Professional Development
    • Global Supply Chain Management
    • Global Trade & Economics
    • HR & Labor Management
    • Quality & Metrics
    • Regulation & Compliance
    • SC Security & Risk Mgmt
    • Sustainability & Corporate Social Responsibility
  • WAREHOUSING
    • All Warehouse Services
    • Conveyors & Sortation
    • Lift Trucks & AGVs
    • Order Fulfillment
    • Packaging
    • RFID, Barcode, Mobility & Voice
    • Robotics
    • Warehouse Management Systems
  • INDUSTRIES
    • Aerospace & Defense
    • Apparel
    • Automotive
    • Chemicals & Energy
    • Consumer Packaged Goods
    • E-Commerce/Omni-Channel
    • Food & Beverage
    • Healthcare
    • High-Tech/Electronics
    • Industrial Manufacturing
    • Pharmaceutical/Biotech
    • Retail
  • REGIONS
    • Asia Pacific
    • Canada
    • China
    • Europe
    • Latin America
    • Middle East/Africa
    • North America
  • THINK TANK
  • PODCASTS
  • VIDEOS
  • WHITEPAPERS
Home » Switzerland Attracts 526 FDI Projects, 2,289 Jobs in 2004; U.S. Biggest Investor

Switzerland Attracts 526 FDI Projects, 2,289 Jobs in 2004; U.S. Biggest Investor

May 1, 2005
Global Logistics & Supply Chain Strategies

Switzerland is on a roll in terms of inward investment, attracting more new foreign direct investment initiatives and creating more new jobs in 2004 than the previous year. Investors from many countries are active in Switzerland, but the single largest slice of the FDI pie comes from investors based in the U.S.
Switzerland also has created a yearly award to honor those companies based in the U.S., Canada and Mexico that make the most "significant" investments in a number of categories.
Last year, 526 firms made new or expanded investments in Switzerland, according to the country's inward investment agency, Location: Switzerland. The agency said its supporting data was compiled by the State Secretariat for Economic Affairs in Berne.
"Of the 526 projects, 43 hailed from the U.S., Canada and Mexico," according to Mario Brossi, Location: Switzerland's senior representative for North America. In 2003, the country attracted 446 projects and 2,091 new jobs.
"The U.S. continues to be the largest single foreign investor in Switzerland, with a total of $86bn to date, according to the latest figures by the Swiss-American Chamber of Commerce," Brossi says. "Increasingly, these investments also include relocations by North American and other firms already based within the EU that seek to benefit from the business-friendly labor laws, world-leading quality of life, access to a well-educated, multilingual and highly productive workforce, and a favorable and moderate tax regime."
Among its new investors, Switzerland counts Biogen Idec, Cellgene, Sigma-Aldrich, Honeywell, UPS Supply Chain Solutions, Salesforce.com and Zimmer Holdings. Recent relocations of North American firms from other parts of Europe include Nova Chemicals, Cargill, Gillette and General Mills from the U.K.; Colgate-Palmolive, Invacare International and Polo Ralph Lauren from France; and Fischer Imaging and John Deere from Germany.
"These projects from North America and other regions of the world bring new talent and investment to Switzerland and continue to attest to the country's standing as one of the most attractive foreign direct investment destinations globally," Brossi says.
In a related development, the investment promotion agency has announced an annual award to recognize significant projects in Switzerland by U.S., Canadian and Mexican companies.
"The Tell Award, named for Swiss legendary hero William Tell, each year will be presented to foreign investors that made the most significant investments or expansions in Switzerland during the previous year," Brossi says. "All award winners will become members of the Tell Society."
Swiss cantons, regional investment promotion agencies, and the State Secretariat for Economic Affairs nominate candidates for the award.
Criteria for the most significant investment include facility size and function, growth potential in physical size and employment count, and the extent to which the investment diversifies or broadens the types of businesses within a region.
Four top prizes will be awarded to:
• The most significant new investment project in manufacturing
• The most significant new investment in the service industry
• The most significant expansion by an existing investor, and
• The most promising "disruptive technology" or other cutting edge example of innovative design.
Visit www.locationswitzerland.ch for additional information.

RELATED CONTENT

RELATED VIDEOS

Europe
KEYWORDS Europe
  • Related Articles

    China Is Africa's Biggest Trading Partner, But Not Its Largest Investor

    Billions in U.S. Solar Projects Shelved After Trump Panel Tariff

    March Madness? U.S. Imports Drop 15 Percent in One Month - Biggest Dip Since 2009

Global Logistics & Supply Chain Strategies

TNT Logistics Sports New Name: CEVA Logistics

More from this author

Wake up to Coronavirus Updates and the latest Supply Chain News!

Subscribe to our Daily Newsletter

Timely, incisive articles delivered directly to your inbox.

Popular Stories

  • Coronavirus-watch-Armada

    Virus Update: J&J Looks for Partners to Boost Supply; Google Prepares for Remote Work Future

    Coronavirus
  • Mexico

    The Near-Shoring Trend: Will China’s Loss Be Mexico’s Gain?

    Logistics
  • Robotic automation

    Autonomous Supply Chains Are on the Horizon

    Coronavirus
  • Shipping Logjam

    U.S. Retailers See Millions in Sales Delays Amid Shipping Logjam

    Coronavirus
  • Amazon

    Podcast | Making It As an Amazon Seller: It’s No Picnic

    Logistics

Digital Edition

Scb feb 2021 lg

2021 Supply Chain Management Resource Guide

VIEW THE LATEST ISSUE

Case Studies

  • Remote Implementation: A Dose of the Right Medicine for B2B Pharmacy

  • LSP Saves Customer $1.5 Million a Year With MPO Global Inbound Management

  • Auto Supplier Wows Key Client Using riskmethods Supply Chain Savvy

  • Integrating Shipping and Compliance Saves Conglomerate Millions

  • How a Consumer Goods Giant Upped Its On-Time Delivery Performance

Visit Our Sponsors

6 River Systems ArcBest Armada
aThingz BluJay Burris Logistics
DSC Logistics DCSA (Digital Container Shipping Association) DHL Resilience360
Genpact Geodis GEP
GreyOrange Honeywell Intelligrated Infor
Inmar Kibo Commerce Logility
Magnitude Software MPO Old Dominion
Oliver Wight OpenSky Paccurate
Ports America Purolator QAD Precision
Red Classic Riskmethods Snapfulfil
TGW Systems Transportation Insights Watson Land Company
Westfalia Technologies Workjam Yang Ming
  • More From SCB
    • Featured Content
    • Video Library
    • Think Tank Blog
    • SupplyChainBrain Podcast
    • Whitepapers
    • Webinars
  • Digital Offerings
    • Digital Issue
    • Subscribe
    • Manage Your Subscription
    • Newsletters
  • Resources
    • Events Calendar
    • SCB's Great Supply Chain Partners
    • Supplier Directory
    • Case Study Showcase
    • Supply Chain Innovation Awards
    • 100 Great Partners Form
  • SCB Corporate
    • Advertise on SCB.COM
    • About Us
    • Privacy Policy
    • Contact Us
    • Data Sharing Opt-Out

All content copyright ©2021 Keller International Publishing Corp All rights reserved. No reproduction, transmission or display is permitted without the written permissions of Keller International Publishing Corp

Design, CMS, Hosting & Web Development :: ePublishing