Jungheinrich unveils £33.5m factory
The materials handling products and services specialist Jungheinrich has announced that it is to invest €40 million (£33.5m) in a new factory dedicated to the production of warehouse trucks and systems equipment.
Work on the new plant – which will be sited close to one of the company's existing factories in the town of Moosburg, Germany – will start in April and is expected to be complete in the second half of 2013.
The company said the new plant will help it keep pace with anticipated growth in demand for its products in the years ahead. "By building this new plant, we are making another important investment in the future of our company, which will enable us to generate sustainable growth," said chairman Hans-Georg Frey.
Jungheinrich also reported that sales for the 2011 financial year were €2.1 million – up from €1.8. million in the previous year. The value of new orders rose to €2.2 million against €1.924 million in 2010.
