BUSINESS AND TRAINING |
INCORPORATING COLD CHAIN |
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The statistics underscoring Danfoss ’ focus on Africa .
impacting businesses across sectors . Managing inflationary pressures will require governments and central banks to employ appropriate monetary and fiscal policies to maintain price stability and support economic growth . The high percentage of unemployment in several countries in the region is a major challenge ; and we can see the impact clearly in South Africa .
Moreover , geopolitical tensions , trade disputes , and policy uncertainties can create headwinds for global and regional economies . These factors introduce risks to international trade , investment flows , and business confidence , which can have ripple effects on multiple industries and sectors .
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Q : Where are the growth and investment opportunities regionally in the TMA region ?
A : Within the TMA region , several areas present growth and investment opportunities . One of the most prominent opportunities is in Saudi Arabia , which has undertaken ambitious megaprojects and significant investments in infrastructure , tourism and renewable energy . These initiatives open up avenues for construction , real estate development , renewable energy solutions , and various associated industries .
Africa also offers immense potential as an emerging market that is yet to be fully developed . The continent boasts a young and growing population , increasing
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urbanisation , and a rising middle class . These factors create opportunities for infrastructure development , industrialisation , and investment in sectors such as energy , manufacturing , agriculture , and technology .
Central Asia , which became part of the TMA region recently , presents untapped growth potential for Danfoss . The region , comprising countries like Kazakhstan , Uzbekistan , and Turkmenistan , has been experiencing economic transformation and diversification efforts . There is a demand for modernisation , energy efficiency solutions , and infrastructure development , offering opportunities for companies like Danfoss to provide their expertise and products .
Q : Some countries in the world have localisation programmes to restrict imports . What is your view on this in the competing contexts of maintaining product national standards and in free trade , perhaps also looking at the use of national refrigerants in this context ?
A : To promote domestic industries , these programmes typically involve imposing certain requirements or barriers that incentivise or mandate local production , content , or participation in order to protect domestic businesses and create jobs .
In the context of Danfoss , as a company with a global footprint , we value free trade and open markets while recognising the importance of complying with local regulations . Danfoss strives to navigate the competing contexts of maintaining product
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national standards and promoting free trade by working closely with regulatory bodies and industry associations in each market . This approach allows Danfoss to understand and comply with local requirements while continuing to provide high-quality products and solutions to its customers worldwide .
Regarding the use of natural refrigerants in the context of localisation programmes , it is essential to consider sustainability and environmental factors . Danfoss , as a company committed to sustainability , places great emphasis on the use of natural refrigerants and energy-efficient technologies . Natural refrigerants , such as CO 2
( carbon dioxide ), ammonia , and hydrocarbons , have lower environmental impact compared to synthetic refrigerants and contribute to reducing greenhouse gas emissions .
As part of their sustainability goals and corporate responsibility , Danfoss actively promotes the use of natural refrigerants globally . CLA
Africa also offers immense potential as an emerging market that is yet to be fully developed . The continent boasts a young and growing population .
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