Investment in new excavator plant
First publishedon www.WorldHighways.com
A silver spade ceremony marks the start of construction at the new Wacker Neuson plant
A silver spade ceremony was held in June to mark the official start of construction at the new Wacker Neuson plant in Hörsching, Upper Austria.
Light and compact equipment manufacturer Wacker Neuson is investing around €65 million (including purchasing and developing the site) in what will be “one of the largest, most modern plants for compact equipment in the world.”
The first compact equipment should be rolling off the production line as early as the beginning of May 2012.
“We are delighted to see construction work get underway. Growing demand for our products has clearly stretched capacity at our Leonding plant to the limit, and this is accentuated by our strategic alliance with Caterpillar for the manufacture of excavators weighing up to 3tonnes,” says Martin Lehner, deputy chairman of the Wacker Neuson executive board and head of the compact equipment segment.
The new production plant is being built on a 160,000m2 plot, giving Wacker Neuson huge scope to expand production capacity as needs evolve.
“Our company is growing, not just in terms of revenue but also headcount. We currently employ 350 people and will be creating many new job opportunities with the new plant,” explains Johannes Mahringer, general manager of Wacker Neuson Linz.
The company has appointed Cem Peksaglam as its new CEO to take over on 1 September, 2011. He succeeds Dr Georg Sick, who left the company last year. Cem Peksaglam has held a variety of management positions in the Bosch Group during his career.