Business Chief Europe Magazine June 2019 | Page 79

TOP INDUSTRIES IN COLOGNE
CLICK TO WATCH : ‘ GERMANY ’ S COLOGNE CATHEDRAL ’ 79 commercial and personal transportation are keys to this city ’ s economic health and well-being .
TOP INDUSTRIES IN COLOGNE
Although Cologne ’ s most notable industry may be automobile manufacturing , the city has embraced diverse markets that sometimes get overlooked such as the craft manufacturing industry accounts for upwards of $ 16.53bn in the greater Cologne-Bonn area . The industry also employs more than 185,000 people in 151 different occupations .
Chemical and pharmaceutical corporations have also taken full advantage of Cologne ’ s logistical and transportation superiority . A reported 48 outfits with more than 23,000 employees have facilities that conduct work from research and development to manufacturing and distribution . Joint initiatives such as ChemCologne have laid the groundwork for improved economic growth in the sector .
The area ’ s well-regarded higher learning institutions has garnered interest from the biotech and life sciences professionals . Buttressed by academic
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