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Foreign-Owned Companies in the Gothenburg Region 2016

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Foreign-Owned Companies in the Gothenburg Region 2016 FOREIGN-OWNED COMPANIES IN THE GOTHENBURG REGION 2016 A long tradition of international business Gothenburg has always been international. Foreign trade has been a defining feature ever since the city of Gothenburg was founded in 1621. During the 18th century, the large, strategically positioned harbour welcomed East Indiamen from China, and today around 30 percent of all Sweden’s foreign trade passes through the Port of Gothenburg. This is Scandinavia’s largest port, and one of the main reasons why Gothenburg has been named Sweden’s best logistical location for over 10 years running. Gothenburg has also a proud tradition of investing in research and the commercialization of research findings. The region’s three science parks are a breeding ground for successful and innovative collaboration between industry, academia and the public sector. World-leading research within a number of strategic fields has also attracted many foreign investors. This brochure provides a statistical overview of the foreign-owned businesses in Gothenburg. If you have any questions, please do not hesitate to get in touch – after all, we are the experts when it comes to Gothenburg. Would you like to know which foreign-owned companies in your industry operate in Gothenburg? Or how many companies from a particular country are present in this region? Just do a simple search using our web service, a database of the region’s foreign-owned companies. Here, you can find companies such as Volvo Cars, AstraZeneca, Borealis, Huawei, Cochlear and many others. Search by, for example, country of origin, company name, parent company and municipality. You can find this service at our website; www.businessregiongoteborg.com/foreignownedcompanies Enjoy! Data in this report comprise the 13 municipalities that together form the Gothenburg region. These are: Ale, Alingsås, Gothenburg, Kungsbacka, Kungälv, Lerum, Lilla Edet, Mölndal, Partille, Stenungsund, Tjörn and Öckerö 1 FOREIGN-OWNED COMPANIES IN THE GOTHENBURG REGION 2016 Development in the Gothenburg region and Figure 1 shows how foreign-owned companies Sweden and establishments have developed during the period 1990-2015. In 1990, there was 618 Since 1990, foreign-owned companies and (714) foreign-owned companies (establish- establishments have increased significantly in ments) in the Gothenburg region. By the end of Sweden and Gothenburg region. Table 1 the period, the number of foreign-owned shows how foreign-owned companies, estab- companies (establishments) had increased to lishments and employed in companies have 2,274 (2,968), which is almost a three-doubling developed 1990-2015 and 2014-2015. of the region’s foreign ownership. Throughout the period 1990-2015, the per- Figure 1 Number of foreign-owned companies and centage change in both companies and establishments in the Gothenburg region, 1990-2015 establishments that are foreign-owned has 3 500 2 968 been greater for Sweden. However, the growth 3 000 Establishments in employed is considerably higher for foreign- 2 500 Companies 2 000 2 274 owned companies in the Gothenburg region. 1 500 1 000 714 Even if foreign-owned companies and estab- 500 618 0 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 lishments in the Gothenburg region are slightly 1990 decreasing in number during 2014-2015, the number of employed is increasing. This Source: Statistics Sweden increase can be contrasted against Sweden, where the employment decreased. One reason for the development in the Gothenburg region is that several foreign-owned companies An establishment is a entered a period of boom in 2015. geographically defined address, property or group of Table 1 Percentage change in foreign-owned nearby properties where work companies and establishments 1990-2015 and activities are conducted at least 2014-2015 in the Gothenburg region and Sweden 20 hours per week with employed staff. A temporary work environment, a postal Gothenburg region Sweden box, or a home address is not counted as an establishment. Period Establishments Employed Companies Establishments Employed Companies 1990-2015 268% 316% 366% 446% 371% 213% The number of employed in foreign-owned 2014-2015 -1.0% -0.1% 3.8% 1.1% -0.1% -0.4% companies has increased more than three- folded since 1990 (see Figure 2). In 1990, Source: Statistics Sweden and Growth Analysis 18,029 persons were employed in foreign- owned companies in the Gothenburg region. In 2014, the number increased to 84,102 persons (which corresponds to a 366% increase). A company is defined as Figure 2 Number of employed in foreign-owned foreign-owned if more than half companies in the Gothenburg region, 1990-2014 of the company’s voting rights 100 000 are controlled by a foreign 84 102 owner. If the company is part of 80 000 a group with a foreign-owned 60 000 parent company, this company 40 000 is also considered to be 18 029 Employed in foreign- foreign-owned. 20 000 owned companies 0 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Source: Statistics Sweden 2 FOREIGN-OWNED COMPANIES IN THE GOTHENBURG REGION 2016 Foreign-owned companies, establishments Table 3 presents the ten countries with most and employment: top 10 countries foreign-owned establishments in the Gothen- burg region 2014 and 2015 (the table is sorted Table 2 presents the ten countries with most based on most foreign-owned establishments foreign-owned companies in the Gothenburg in 2015, the full list of foreign-owned establish- region 2014 and 2015 (the table is sorted ments by country of origin is presented in based on most foreign-owned companies in Table A2 in the Appendix). 2015, the full list of foreign-owned companies by country of origin is presented in Table A1 in Similar to the former case with foreign-owned the Appendix). companies, Norway has most foreign-owned establishments, followed by Germany. Diff- Norway tops the list of foreign-owned erent from Table 2 above is that Denmark and companies, followed by Germany and USA. the United Kingdom have more establishments United Kingdom shows the largest increase in than USA. Finland has the largest increase in foreign ownership (both in number and foreign-owned establishments (both in number percentage), followed by Finland. Luxembourg and percentage), followed by Denmark. drops one position on the top 10 list as 19 Finland’s increase is record high as 79 more companies (-13.3%) changed ownership in establish-ments were acquired in 2015 2014-2015. (+49.1%). Luxembourg goes in the opposite direction and reduces its ownership by 68 Table 2 Number of foreign-owned companies in the Gothenburg region, top 10 countries 2014-2015 establishments (-29.3%). Most countries in the top-10 list reduce the number of establish- Companies Change ments in 2015, including Norway and USA, but Country of origin 2014 2015 # % also Germany. Norway 461 463 2 0.4% Table 3 Number of foreign-owned establishments in Germany 280 275 -5 -1.8% the Gothenburg region, top 10 countries 2014-2015 USA 227 221 -6 -2.6% Establishments Change Denmark 214 215 1 0.5% Country of origin 2014 2015 # % United Kingdom 173 191 18 10.4% Norway 584 563 -21 -3.6% Netherlands 142 141 -1 -0.7% Germany 329 320 -9 -2.7% Luxembourg 143 124 -19 -13.3% Denmark 260 284 24 9.2% Finland 111 115 4 3.6% United Kingdom 256 275 19 7.4% France 86 81 -5 -5.8% USA 278 258 -20 -7.2% Switzerland 66 64 -2 -3.0% Finland 161 240 79 49.1% Gothenburg region 2,297 2,274 -23 -1.0% Netherlands 177 178 1 0.6% Source: Statistics Sweden Luxembourg 232 164 -68 -29.3% France 134 137 3 2.2% Switzerland 77 76 -1 -1.3% Gothenburg region 2,971 2,968 -3 -0.1% Source: Statistics Sweden In 2015 there were foreign- owned companies from 54 Chinese ownership dominates when it comes different countries in the to number of employees in foreign-owned Gothenburg region. companies in the Gothenburg region. Yet, also Norwegian and American companies have many employees in the region (see Table 4). The largest positive change in number of employees occurs within Chinese companies, where the increase corresponds to approxi- 3 FOREIGN-OWNED COMPANIES IN THE GOTHENBURG REGION 2016 mately 1,700 employees, followed by Den- Source: Statistics Sweden mark (+700), Netherlands (+646) and USA (+638). China also has the largest percentage increase with an employment growth of approximately 14 percent. Norway drops a position during the period 2014-2015 as USA The number of ”companies” climbs to the second place in the top 10 list. is lower than the number of Also, France and Netherlands climb on the list ”establishments” since a and pass Finland. Luxembourg shows the company can have several establishments in one or many largest percentage decrease in employees. municipalities. E.g. the company Lindex can have Table 4 Employed in foreign-owned companies in many establishments in one or the Gothenburg region, top 10 countries 2014-2015 more municipalities within the Gothenburg region. Employed Change Country of origin 2014 2015 # % China 12,155 13,887 1,732 14.2% USA 8,255 8,893 638 7.7% Norway 8,779 8,612 -167 -1.9% Foreign-owned establishments per sector Germany 7,274 7,396 122 1.7% in the Gothenburg region Denmark 5,977 6,677 700 11.7% In the remaining parts of this report only United Kingdom 5,589 5,766 177 3.2% establishment data will be presented for France 4,997 5,439 442 8.8% municipality and sector-wise statistics.
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