Companies in the mood for investing
In 2012, industrial companies in Thuringia invested more than € 1.4 bn. This was an increase of € 187 m in investments for tangible assets on the previous year. It also meant that companies from Thuringia again caught up with pre-crisis levels.
Some of the more recent investment success stories include MDC Technology GmbH in Arnstadt. Parent company Daimler AG invested about € 90 m in a brand new production plant. Construction started in October 2011, production in June 2013 with 40 employees. Another 40 staff shall be added during the first project stage. The crankcases made in Arnstadt are coated using Daimler's proprietary NANOSLIDE technology that makes for mirror-bright and almost perfectly smooth surfaces of the cylinder barrels and a strongly increased resistance to wear and tear. A broad range of Mercedes-Benz cars in the medium-class and luxury class segment are equipped with this technology. www.mdc-technology.com
MDC Power GmbH, another Daimler subsidiary, laid the foundations for two new assembly halls last December in Kölleda. Produced are engines that are lighter, have less CO2 emissions and consume less fuel. www.mdc-power.com/en/home
Feuer Powertrain, an automotive supplier producing crankshafts for automotive, agricultural and industrial engines, is currently investing € 35.5 m to build two new production lines at its headquarters in Northern Thuringia. In addition, a new plant is being planned in Tunica, Mississippi/USA with 100 employees. Feuer Powertrain aims at increasing its revenues by 30% to reach roughly € 150 m this year whereas staff numbers are said to reach 600. www.feuer-pt.de/en/feuer.html
Sources: Thüringer Allgemeine of 9 January and TLZ of 18 January 2014back