Soaring power prices may trigger an exodus of factories from the country A large-scale power crunch could seriously jeopardize the German industrial sector as the country’s producers of car parts, chemicals and steel struggle with energy prices that are hitting new highs almost every day, Bloomberg reported on Friday. “Energy inflation is way more dramatic here than elsewhere,” said Ralf Stoffels, chief executive officer of BIW Isolierstoffe, a maker of silicone parts for the auto, aerospace and appliance industries. “I fear a gradual deindustrialization of the German economy,” he added, as quoted by the agency. P
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