I was once involuntarily at a discussion round with the CEO of the Renk Group Susanne Wiegand + military + politicians
What I still know summarized + my own assessments:
- They are extremely dependent on (especially) Rheinmetall and their projects, as Renk supplies the transmissions for (tracked) vehicles. Renk itself does not manufacture any armaments, only components for them
- A typical problem of the German armaments industry - production is only allowed under contract. These orders come from the FRG or have to be approved by it. As a result, the company always falls short of its actual potential and is virtually unable to expand without taking enormous risks. This is largely transferable to the Renk Group due to its strong dependence on the defense industry.
- That's why lobbying is the be-all and end-all - you can either do it well and profit or not. True to the motto "Turning point", the question of whether armaments will continue to be promoted in Germany in the future is largely a social one. The actual necessity plays a secondary role
- The Renk Group doesn't just make drives for military vehicles, so it also generates sales in other areas. However, I can say from my own experience that you can sell anything with "Bundeswehr" or "Armaments" on it for 10 times more than anyone would buy in the civilian economy. That's why armaments is the business with the biggest margin
- Ms. Wiegand certainly has a lot going for her and is doing well in this over-regulated German arms industry system. She turns to certain political parties and they return her attention and speak out in favor of cooperation (at least at the level of the Bavarian state parliament).
I would have liked to have spoken to Ms. Wiegand again in private so that I could ignore the political aspect of the event, but I didn't have the opportunity. My assessment of her is that she knows what she is doing and chooses her words very carefully.
What I still know summarized + my own assessments:
- They are extremely dependent on (especially) Rheinmetall and their projects, as Renk supplies the transmissions for (tracked) vehicles. Renk itself does not manufacture any armaments, only components for them
- A typical problem of the German armaments industry - production is only allowed under contract. These orders come from the FRG or have to be approved by it. As a result, the company always falls short of its actual potential and is virtually unable to expand without taking enormous risks. This is largely transferable to the Renk Group due to its strong dependence on the defense industry.
- That's why lobbying is the be-all and end-all - you can either do it well and profit or not. True to the motto "Turning point", the question of whether armaments will continue to be promoted in Germany in the future is largely a social one. The actual necessity plays a secondary role
- The Renk Group doesn't just make drives for military vehicles, so it also generates sales in other areas. However, I can say from my own experience that you can sell anything with "Bundeswehr" or "Armaments" on it for 10 times more than anyone would buy in the civilian economy. That's why armaments is the business with the biggest margin
- Ms. Wiegand certainly has a lot going for her and is doing well in this over-regulated German arms industry system. She turns to certain political parties and they return her attention and speak out in favor of cooperation (at least at the level of the Bavarian state parliament).
I would have liked to have spoken to Ms. Wiegand again in private so that I could ignore the political aspect of the event, but I didn't have the opportunity. My assessment of her is that she knows what she is doing and chooses her words very carefully.
•
33
•
@hendrik_lmr Thank you very much for the detailed text. Super exciting.
•
11
•
@hendrik_lmr top, it was precisely because of this argument, suppliers for Reihnmetall, that I bought at the time. However, now that Reihnmetall is "spreading" to other countries, they are probably no longer dependent on Renk and yes, wherever the state has a say, it takes....
•
11
•