GERMANY - 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 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.
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 include 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.
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." 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.
