The BMZ group has announced a €120 million (US$141.2m) investment to expand battery systems production at its Karlstein am Main headquarters in Bavaria.
The decision will yield a 3,000sq.m production area, 80 new workstations, and a 20m logistics centre with 12,000 pallet spaces. “As early as 2019, the new building alone will create another 300 jobs at the Karlstein plant,” said BMZ CEO Sven Bauer.
“By the end of September 2019, the second of three construction phases in Karlstein will be completed, in which high-tech products will be built,” Bauer said.
BMZ said it also planned to expand production facilities in Poland and China— but declined to discuss details.
The announcement follows a €7m investment in April, to build a new 35,00sq.m facility in Shenzhen for BMZ’s 100%-owned China subsidiary, following sales growth of 70% in 2016 and 2017.
The BMZ group develops and produces high-tech battery systems for various applications. In May, BMZ signed a long-term supply deal representing “over a few hundred million cells” with South Korean manufacturer LG Chem