Leading materials handling products and services specialist Jungheinrich has announced that, to keep pace with anticipated growth in demand for its products in the years ahead, it is to invest 40 million Euros in a new factory dedicated to the production of warehouse trucks and systems equipment.
Work on the new plant which will be sited close to one of the company's existing factories in the town of Moosburg, Germany will start in April 2012 and is expected to be complete in the second half of 2013.
"By building this new plant, we are making another important investment in the future of our company, which will enable us to generate sustainable growth," said Hans-Georg Frey, Chairman of the Board of Management of Jungheinrich AG.
The Jungheinrich Group has also reported that Group sales for the 2011 financial year were 2,116 million Euros - up from 1,816 million Euros in the previous year. The value of incoming orders, encompassing all business areas, rose to 2,178 million Euros against 1,924 million Euros in 2010.