The Weinig Group announced the launch of a comprehensive, large-scale investment project of more than 120 million euros. The Tauberbischofsheim site alone, the headquarters of the company with its 117-year track record of success, accounts for around 70 million euros of the total investment.
The supervisory board of the Weinig Group has approved a comprehensive, group-wide investment program that will fundamentally reposition the group and its headquarters in Tauberbischofsheim (around 70 million euros will be invested in the infrastructure of the Tauberbischofsheim site alone). In total, more than 120 million euros will be invested over the next 5 years. For the Voitsberg site in Austria, the production location of the subsidiary Holz-Her, 15 million euros have already been approved in advance and will be invested in assembly, production and logistics. The newly adopted program focuses mainly on the solid wood division of the mechanical engineering company.
The supervisory board and the management board emphasized how the upcoming investments will position the company for the future. Thomas Bach, Chairman of the Supervisory Board of Weinig, pointed out that it is part of the Weinig dna to see crises as opportunities, and that not least the Corona pandemic has provided room for conceptual work: “We looked for, identified and seized an opportunity in the crisis. As a result, we can confidently say today: Weinig is fit for a successful future“.
Chief Executive Officer Gregor Baumbusch explained that the wood processing industry is a growth sector that is getting an additional boost through sustainability and climate protection. The demand for machines and solutions that serve this market is correspondingly high and continues to rise. A further 40 million euros will therefore be invested in expanding the product portfolio. Mr. Baumbusch stated: “Today, we already have the broadest product portfolio of any supplier in the solid wood industry worldwide. Especially in the rapidly growing segment of timber construction, we will be able to offer our customers even better solutions from a single source, namely Weinig, in the future“.