Stadt Münster, Economic location
Welcome to Münster in Westphalia
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Economic location
Münster is the creative "desk of Westphalia". Greater Münster is peppered with public authorities, consulting companies, insurance companies, banks, computer centres, publishing houses and advertising and design agencies. 13,000 new jobs have been created within the service sectors over the past ten years alone.
With a total turnover of around 1.9 billion euros, the retail trade is an important economic factor. With its traditional merchants’ townhouses and more modern outlets, such as the Münster arcades and the Stubengasse, the historic centre is a consumer magnet.
www.wfm-muenster.de/index59.htm
Münster’s status as a significant industrial location is frequently overlooked. Yet the city’s Hiltrup district, for example, is home to the headquarters of BASF Coatings AG, where car paints, designed for the world market, are developed and manufactured. Hengst GmbH & Co. KG is another jewel in the industrial city's crown. Virtually all the famous car manufacturers place their trust in the filters and filter systems manufactured by Hengst. Wyeth, one of the world’s largest pharmaceutical companies also active in the field of research, provides the German and Austrian market with medicines from its Münster headquarters. Brillux (paints) and Compo (fertilizers) are two other famous brands which are "made" in Münster. The industry’s export quota is almost 35 per cent.
www.ihk-nordwestfalen.de
All in all, Münster is a powerful economic location with a high quality of life, an above-average income level and a significantly lower unemployment rate than the average currently prevailing in the Federal State of North Rhine-Westphalia.
Information:
Wirtschaftsförderung Münster GmbH
Wolfgang Neteler
Steinfurter Straße 60a
Tel. 02 51 / 6 86 42 70
www.wfm-muenster.de
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