Photo: WEING Group
The WEINIG Group has announced the launch of its largest investment program in the company’s 117-year history.
In total, the company will invest 120 million euros across the Group. The Tauberbischofsheim site alone, the headquarters of the company with its 117-year track record of success, accounts for around 70 million euros of that 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. More than 120 million euros will be invested over the next five 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.
With 117 years of history at its main site in Tauberbischofsheim, the long-established company has set up a completely new site concept that will sustainably modernize production, significantly optimize delivery capability for customers and improve the working environment for its employees. This will included a new logistics center, a new manufacturing concept and new production facilities, as well as new exhibition and customer training rooms. Around 70 million euros will be invested in the infrastructure of the Tauberbischofsheim site alone.
Dr. Thomas Bach, chairman of the Supervisory Board of WEINIG AG, pointed out that it is part of the WEINIG DNA to see crises as opportunities: "We looked for, identified and seized an opportunity (during the pandemic). As a result, we can confidently say today: WEINIG is fit for a successful future."
CEO Gregor Baumbusch 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. 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," Baumbusch said.