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. In total, more than Euro 120 million will be invested over the next 5 years. For the Voitsberg site in Austria, the production location of the subsidiary HOLZ-HER, Euro 15 million 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.
Weinig 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 Euro 70 million will be invested in the infrastructure of the Tauberbischofsheim site alone.
CEO 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 Euro 40 million 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."
Weinig AG is the leading technology provider for the solid wood and panel processing industry and small businesses.
