HOMAG continues expansion with groundbreaking in Schopfloch
Published on :Monday, July 19, 2021
HOMAG Group begins ambitious expansion project with the groundbreaking ceremony in Schopfloch and invests in building extension. The building work for an extension at the HOMAG Group officially began on July 7, 2021. The company is investing around 10 million euros in expanding and modernising its production capacities. The new building is part of the largest investment program in the company’s history.
The extension, measuring approx. 6,700 sq m, is planned to be used for assembly and shipping. The HOMAG Group is thus combining the activities which have to date been decentrally managed at its Schopfloch plant. CFO Rainer Gausepohl explained in his speech that the plan is to close down some of the current assembly sites outside Schopfloch and to reduce external warehouse space. “We will thus save rent and transport costs. But the biggest benefit of the new building lies in the optimization of processes and an improved material flow within the plant.”
Aside from the HOMAG Group’s management team, the Freudenstadt district administrator, Dr. Klaus Michael Rückert, and Schopfloch’s mayor, Klaas Klaassen, were also keen to be part of the groundbreaking ceremony. Dr. Rückert highlighted the great significance for the region of companies such as HOMAG. “HOMAG operates around the world with numerous plants and locations for sales and service. We are pleased that the company’s current investment also shows a clear commitment to its roots here in Schopfloch.”
The new extension is due to be completed by early 2022 and is scheduled for gradual commissioning over the first six months of 2022. The building extension is the beginning of the largest investment program in the company’s history, set to support the HOMAG Group’s growth trajectory. As announced in April, the company wants to invest around € 100 million over the next three years, of which a total of € 60 to 80 million is earmarked for modernizing the Schopfloch headquarters. The construction of a new plant is also being planned for Poland.
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