Wirtgen Group unveils huge investment plans
First publishedon www.AggBusiness.com
Stefan and Jürgen Wirtgen unveiled big investment plans for Wirtgen Group companies
The Wirtgen Group says it is to invest some €150 million in its mineral technologies unit in 2016-2017, including a new site for Benninghoven and expansion for Kleemann.
This was revealed at a press conference at the Wirtgen Mineral Technology Days 2015, the group’s eighth international industry get-together in which were hosted by Benninghoven.
More than 2,100 trade visitors from over 70 countries were treated to a demonstration of “practically oriented and pioneering solutions from the Wirtgen Group mineral technologies business sector at the home of the asphalt mixing plant specialists in Mülheim an der Mosel.
The industry specialists were given an in-depth look behind the scenes during the tours of the Benninghoven plants in Mülheim and Wittlich.
Benninghoven, acquired by Wirtgen in 2014, will have a new plant to be built on a greenfield site costing an estimated €100 million. It will replace the two existing plants, which Wirtgen says cannot be expanded further.
“While we cannot say yet where the site will be it will remain in the region so that we do not lose any of our employees,” said Jürgen Wirtgen, who with his brother Stefan is joint managing partner of the Wirtgen Group.
Work is expected to take two years to complete.
The Wirtgen Mineral Technology Days 2015, the group's eighth international industry get-together, were hosted by Benninghoven
The Wirtgen Group’s crushing/screening equipment manufacturer Kleemann, based in Göppingen, will be expanded and production volume will be doubled,
The news comes as the group says sales for 2015 are likely to hit €2.2 billion.
“With the acquisition of Benninghoven we have allowed ourselves to remain true to our strategic concept,” said Stefan Wirtgen.
The group now offers “five strong brands and five German companies” including Wirtgen (surface miners, milling machines and slipform pavers); Vögele (road pavers) and Hamm (compactors) in the road technologies sector and Kleemann and Benninghoven in the mineral technologies sector, offering a “one-stop shop for road construction and maintenance.”
The group has also opened a new factory in China; is planning expansion in India, and has bought extra land for expansion in Brazil, saying it has gained market share by having these locally based factories.
“In road technologies the Wirtgen group is the clear market leader in these areas,” said Stefan Wirtgen.
In terms of road technologies, the group says it now offers 200 different machines and 10,000 options.