03/12/2020 | Industry

Netzsch Group to invest €50m to upgrade its Waldkraiburg factory

The family-owned Netzsch Group, headquartered in Selb, Bavaria, will invest approximately € 50 m over the next three years to upgrade its factory in Waldkraiburg, Germany. According to the press release, the investment will enhance the operations of the company’s Netzsch Pumps and Systems unit, which produces pumps and similar solutions for the food industry and other sectors. A new production unit will be built at the Waldkraiburg site as part of this investment programme, integrating the assembly hall and offices from the company’s existing plant on Liebigstraße in one centralised location. This means that all Netzsch employees at the Waldkraiburg site will work from the single plant, boosting operational efficiency. According to the company, further investments will be used for factory expansions in the US, Brazil, China and India. In addition, assembly centres will be added at the company’s production sites in South Africa, Australia, Thailand, Russia, Mexico and Indonesia. “Such a project volume is unprecedented for the Netzsch Group and will tie up a significant portion of the group’s financial resources over the next years," said the company and added, “This year was and is special in many respects, and Netzsch has had to cope with extraordinarily difficult situations, not only due to the global corona crisis, but also due to a cyber-attack in the summer.“