Weinig launches largest investment program in 117-year history
June 16, 2022 | 8:47 am CDT

The Weinig Group's headquarters in Tauberbischofsheim, Germany.

The Weinig Group has launched a comprehensive, large-scale investment project of more than 120 million euros to be invested over the next 5 years.  About 70 million euros of the total investment will go to the company’s headquarters in Tauberbischofsheim, Germany.

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.

With 117 years of history at its main site in Tauberbischofsheim, the company said that it has set up a new site concept that will sustainably modernize production, optimize delivery capability for customers and improve the working environment for employees. The updates include a new logistics center, a new manufacturing concept, and new production facilities, as well as new exhibition and customer training rooms. 

The supervisory board and the management board emphasized how the upcoming investments will position the company for the future. Dr. Thomas Bach, chairman of the supervisory board of Weinig AG, said that when a “crisis” occurs such as the COVID-19 pandemic, it is part of the Weinig DNA to see crises as opportunities. The pandemic, he said, 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."

Gregor Baumbusch, the company CEO, said 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.

"Today, we already have the broadest product portfolio of any supplier in the solid wood industry worldwide,” said Baumbusch. “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." 

Chief technology officer Dr. Georg Hanrath added that the future belongs to the triad of sustainable production, sustainable machines, and the sustainable products manufactured on them. WEINIG is doing its part.

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