back to top

News Detail

24.04.2012

Automotive supplier Fräger will expand its production in Altenburg

04/06/2012

The Thuringian economics minister Matthias Machnig and Dirk Fräger, General Manager of Fräger Antriebstechnik GmbH signed a reservation agreement for a plot of 4.5 ha in the industrial area "Altenburg Nord-Ost" - just opposite of the existing production site.

"Fräger's investment shows that a medium-sized automotive supplier strongly counts on the "Green Engine Thuringia" when it comes to developing modern drive technologies", Machnig said.

Fräger plans to invest at least 15 mio Euro and to create about 50 to 60 new jobs. The State Development Corporation of Thuringia (LEG) - having developed the industrial site - is about to check a rental factory concept, i.e. LEG will build the new production hall and rent it out to the company.

The expansion of the plant should be finished by mid 2013 and will then foster the opening of new international markets in Eastern Europe and Asia. So far, Fräger has been investing 26 mio Euro in Altenburg and employs round about 160 people. The Fräger Group has been based in Altenburg since 2004, since 2006 at their current site. The plant in Altenburg is the main plant for drive technologies within the Fräger Group and meanwhile sets increasingly focus on electromobility with products such as gear boxes, gear wheels as well as shaft drives and others.

back
back to top

Search database

Industrial sites

Filter your results

    Companies and technologies

    Filter your results

      Thuringia offers about 400 fully developed and immediately available industrial and commercial sites of all sizes. Our online database gives you an overview of potential properties. In combination with our Company Database, that lists more than 4,000 approved profiles of Thuringian companies, you can also check which companies are located at your chosen site. In addition, this search function is also available for research institutions.