Economy
The region is predominantly agricultural with tourism slowly becoming more important. Cows are much in evidence and are used both for meat and for milk, which is made into a number of well known cheeses: Bleu d'Auvergne, Cantal, Fourme d'Ambert and Saint-Nectaire.
Despite its small local market, the Auvergne region has developed many national and international companies, such as Michelin, Limagrain (seed), the group Centre France-La Montagne (regional daily press), Volvic mineral water (group Danone) and numerous dynamic SMEs around the two universities and large schools (engineers, doctors and business school) of its capital, Clermont-Ferrand.
Most of these companies are exporting more than 75% of their production in the world.
While agriculture is important, Auvergne is a relatively industrial region as well, as the share of the working population in industry is 22% (110,000 jobs), versus the national average of 18%.
The main industry in Auvergne is the tire industry, represented by Michelin, with headquarters and history is located in Clermont-Ferrand, and Dunlop, based in Montlucon.
A diverse range of small industries also exists: metallurgical (Aubert and Duval), mechanical, pharmaceutical (Merck-Chibret), food (cereals, meat (Salers, Limousin), cheese (Saint-Nectaire, goat, blue d'Auvergne), mineral, etc..) exists in the region, particularly in the Puy-de-Dôme and the Haute-Loire.
These include the Thiers cutlery, metal Issoire, lace in Le Puy, and livestock as well as food in the Cantal.
The Auvergne is also one of the premier research areas in France with >8,000 researchers in the fields of chemistry, tire, steel, medical and pharmaceutical sciences in agricultural research (INRA's laboratories and Limagrain's laboratories), in biotechnology, seismology, meteorology, etc.
The food industry, with its branches mineral water, dairy products, meat products, forestry, honey, jams and candied fruit, employs over 12,000 people.
Read more about this topic: Auvergne (region)
Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)