• Home
• About Us
• Downloads
• Education
• ETF Lists
• Foreign ADRs List
• Indices
• Stock Lists

Top 50 German Companies in the U.S.

One of the major impacts of Globalization in the past few decades is that large companies have become truly global and no longer depend on one country or territory to do business.The strong growth of Multi-National Companies (MNCs) confirms this phenomenon. American MNCs, for example, have established production facilities overseas and employ millions of workers there to meet the rising demand for their products and services. Similarly MNCs from other countries employ thousands of workers in the U.S. in order to cater to the U.S. market.

Traditionally European firms have been some of the largest investors in the U.S. contributing for a sizable chunk of the Foreign Direct Investment (FDI) coming into the country. Among European companies, German companies have a strong presence in the U.S. market.These German multinationals not only employ thousands of workers directly but also help create many more jobs indirectly.The contribution of these companies’ to the individual U.S. states where they have production facilities and to the overall U.S. economy in general is significant.

With 12.5 million people unemployed in the country as of August and most American firms still reluctant to hire, some of the German companies operating in the U.S. are actually expanding and adding workers. In fact, the top 50 German firms now create 461,000 jobs compared to 427,000 jobs in 2010. The sales performance of the companies also increased from $295 billion in 2010 to $318 billion last year.

The following table lists the top 50 German employers in the U.S. based on number of employees:

Rank	Company	Parent Company Ticker	Sector	Number of Employees in 2011
1	Daimler Group	N/A	Automotive	20,702
2	Volkswagen Group of America	VLKAY	Automotive	4,500
3	T-Mobile USA	DTEGY	Telecommunications	34,518
4	BASF Corp	BASFY	Chemicals	16,000
5	Siemens USA Holdings	SI	IT/Communications, Transportation	60,000
6	BMW Group	BAMXY	Automotive	10,000
7	Allianz of America	AZSEY	Insurance/Asset Management	10,000
8	DHL Holdings (USA), Inc	DPSGY	Courier Services	29,000
9	Bayer Corporation	BAYRY	Pharmaceutical/Medical Products	15,800
10	Robert Bosch, LLC	N/A	Automotive, Consumer Goods, Industrial Technology	22,500
11	ThyssenKrupp USA, Inc.	TYEKF	Steel, Stainless Steel, Capital Goods, Services	19,200
12	Trader Joes Co.	N/A	Grocery Stores	8,000
13	Boehringer Ingelheim Corp	N/A	Pharma	9,413
14	Continental Automotive Systems	CTTAY	Automotive Components, Tires	10,000
15	Heraeus Incorporated	N/A	Non-Ferrous Metals	1,811
16	Fresenius Medical Care Holdings, Inc.	FSNUY	Medical Products & Services	45,577
17	Turner Construction Co	N/A	Construction	5,163
18	Aldi, Inc.	N/A	Grocery Stores	12,000
19	SAP Americas	SAP	Software	15,473
20	Lufthansa Group	DLAKY	Air Transportation/Logistic/Catering	12,916
21	adidas America, Inc.	ADDYY	Sports Wear	11,706
22	LEHIGH Hanson Inc.	N/A	Cement	11,586
23	Munich Reinsurance America, Inc.	MURGY	Insurance	1,100
24	Henkel of America, Inc.	HENKY	Industrial Organic Chemicals	5,233
25	Linde North America	LNEGY	Industrial Gases	5,000
26	Hannover Life Re America	HVRRY	Reinsurance	251
27	Porsche Cars North America, Inc.	POAHY	Automative	230
28	Evonik Degussa Corp	N/A	Specialty Chemicals	4,063
29	Random House Bertelsmann	N/A	Media, Publishing	5,063
30	DB U.S. Holding Corp	N/A	Freight Transportation	6,300
31	Lanxess	N/A	Specialty Chemicals	1,430
32	Helm U.S. Corporation	N/A	Chemicals	300
33	ZF Group North American Operations Inc.	N/A	Automative	3,447
34	K+S North America	KPLUY	Chemicals	1,854
35	Freudenberg-NOK General Partnership	N/A	Automative	6,983
36	E.ON Climate & Renwables North America	EONGY	Power Generation	150
37	B. Braun Medical, Inc.	N/A	Medical/Surgical Devices	4,064
38	Knorr Brake Holding Corp	N/A	Railroad Equipment	4,611
39	Beiersdorf, Inc .	N/A	Branded Consumer Goods	2,261
40	Puma North America, Inc	PMMAY	Sports Wear	2,978
41	Wacker Chemical Corporation	N/A	Chemicals	1,822
42	STIHL Incorporated	N/A	Handheld outdoor power equipments	2,100
43	Brose North America, Inc.	N/A	Automotive Supplier	3,500
44	Wurth Group of North America Inc.	N/A	Maintenance Supplies	2,742
45	GEA	N/A	Engineering Services	2,382
46	Behr America, Inc.	N/A	Automotive Thermal Management	2,650
47	Schott North America, Inc.	N/A	Glass/Glass Ceramic Products	1,900
48	Flatiron	N/A	Construction	1,800
49	Infineon Technologies North America Corp	IFNNY	Semiconductors	476
50	BSH Home Appliances Corporation	N/A	Kitchen Appliances	1,266

Source: German American Trade, May/June 2012, German American Chambers of Commerce

Due to the strong growth in the automotive industry, Daimler Group ranked the highest in the U.S. followed by Volkwagen Group based on sales. Siemens (SI) is the largest employer in the  U.S. with over 60,000 employees followed by Fresenius Medical Care(FSNUY), the world’s largest dialysis services provider with over 45,000 people. Some of the large German chemical firms such as BASF AG(BASFY), Linde (LNEGY), etc. also have a strong presence in the U.S.

Disclosure:  Long EONGY, HENKY

Did you enjoy this post? Why not leave a comment below and continue the conversation, or subscribe to my feed and get articles like this delivered automatically to your feed reader.

Copyright 2012 TopForeignStocks.com