HOMAG Group with largest investment program in the company’s history

Schopfloch, April 12, 2021. The HOMAG Group has launched the largest investment program in its corporate history. Over the next three years, €60 to €80 million are to be invested in the modernization of the main location in Schopfloch. HOMAG is investing a further €15 million in a new plant in Poland.

A customer center, modern office buildings, a modern dining hall and a logistics center are to be built in Schopfloch. Ralf W. Dieter, CEO of HOMAG Group AG: “The two older office buildings as well as the dining hall in Schopfloch are no longer up to date and would have to be extensively renovated. We have now decided on a sustainable solution and are building entirely new structures. This is a clear commitment to our location and an important investment in the future of HOMAG. On the one hand, we are creating a modern and pleasant working environment for our employees. On the other hand, we will be able to present our products to customers appropriately in the new customer center.”

There are also plans to build a new logistics center connected to the site. The goals are a high availability of spare parts as well as lean and efficient logistics processes for supplying the plant and customers. The new logistics center will also replace the remaining external warehouses.

Back in December 2020, the HOMAG Group had announced investments of over €12 million for the modernization of the plant at the Schopfloch location. The largest part of this investment sum is accounted for by a hall extension.

“We are pleased to have the Schopfloch location significantly strengthened and upgraded,” emphasizes Carmen Hettich-Günther, Group Chairwoman of the Works Council at HOMAG GmbH. “We very much welcome the holistic solution now planned. This is very good news for all employees here in Schopfloch.”

New buildings are also to be constructed in Poland, where the HOMAG Group already employs over 700 people. Ralf W. Dieter: “The Polish market has been growing for years, and in the meantime, we have reached the limits of capacity at our present location. In addition, the Polish plant plays an important role in our global production network. That is why we are building a new plant in Środa starting in the second quarter of 2021.”

 

Company Background

The HOMAG Group is the world's leading provider of integrated solutions for production in the woodworking industry and woodworking shops. Its 14 specialized production sites, about 20 Group-owned sales and service companies and approximately 60 exclusive sales partners worldwide make the company a unique system provider. Backed by a workforce of some 7,000 employees the HOMAG Group offers its customers solutions for digitized production, based on digital data continuity from point of sale through the entire production process, combined with a comprehensive software suite. In addition, the open ecosystem "tapio" (open Internet-of-Things platform) maps the data flow along the entire value chain of the timber industry. The HOMAG Group has been majority-owned by the Dürr Group since October 2014.

 

Disclaimer

This press release contains certain statements relating to the future. Future oriented 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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