• Schopfloch
  • Germany

HOMAG Group invests in Schopfloch site

Schopfloch, July 12, 2017 The HOMAG Group is investing in its Schopfloch site. Investments for the extension of a building to further increase the production area and for new parking spaces will reach around € 2.5 million this year. Further investments are due to follow.

The ground-breaking ceremony to mark the 1,800 m2 extension of the production area took place yesterday, attended by the HOMAG Group's CEO, Pekka Paasivaara, the Freudenstadt district administrator, Dr. Klaus Michael Rückert, and Schopfloch's mayor, Klaas Klaasen. The extension, due to be completed by early 2018, will cost around € 2 million.

Pekka Paasivaara: "With our complex high-tech products, our domestic sites remain important to the HOMAG Group. This is why we continue to invest in their sustainability, just as we are doing now in Schopfloch. The excellent business climate has prompted us to expand our production capacities in order to serve our customers as quickly as possible."

Carmen Hettich-Günter, chair of the works council in Schopfloch and chair of the HOMAG Group works council, adds: "The staff are looking forward to the extension and regard the investment as a strong commitment to the Schopfloch site. We also see it as an appreciation of the great dedication demonstrated by the employees."

New parking spaces for the workforce will also be created. Further investments in the machinery will follow.

Disclaimer

This press release contains certain statements relating to the future. Futureoriented statements are all those statements that do not pertain to historical facts and events or expressions pertaining to the future such as "believes", "estimates", "assumes", "forecasts", "intend", "may", "will", "should" or similar expressions. Such future-oriented statements are subject to risks and uncertainty since they relate to future events and are based on current assumptions of the Company, which may not occur in the future or may not occur in the anticipated form. The Company points out that such future-oriented statements do not guarantee the future; actual results including the financial position and the profitability of the HOMAG Group as well as the development of economic and regulatory framework conditions may deviate significantly (and prove unfavorable) from what is expressly or implicitly assumed or described in these statements. Even if the actual results of the HOMAG Group including the financial position and profitability as well as the economic and regulatory framework conditions should coincide with the future-oriented statements in this press release, it cannot be guaranteed that the same will hold true in the future.

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