Schunk invests 85 M euros in Germany, US facilities
- June 26, 2019
Schunk has announced a broad-based investment program that will see around 85 million euros (about Cdn$127 million) invested in three German facilities and one site in the US.
The investments in Brackenheim-Hausen, Mengen and St. Georgen in Germany and Morrisville in North Carolina will be completed by the middle of next year, and will create around 42,000 square meters (upwards of 450,000 sq. ft.) of added production and administration space.
The new buildings in Morrisville are already complete. In addition to the expansion of the production area, Schunk Intec USA created a new administrative building featuring an open architecture layout. In the new Customer Center users can interact with Schunk components live and receive additional know-how in technology forums and workshops.
Under the motto "One Team - One Family - One Future," the approximately 4,000 square meter (43,000 sq. ft.) building expansion was inaugurated in early May. Schunk invested a total of almost 10 million euros (about Cdn$15 million) in the expansion of the site.
In addition, 40 million euros (Cdn$59 million) are being put into the Competence Center for Gripping Systems in Brackenheim-Hausen, near Schunk’s HQ in Lauffen. The expansion represents a doubling of the existing production area. Schunk is also investing heavily in the Competence Center for Lathe Chuck Technology and Stationary Workholding in Mengen and is doubling its production area in St. Georgen.
"In the coming years, we will experience a boom in automation and digitization worldwide, and we'll only be able to handle this by having the right capacities," said CEO Henrik A. Schunk. He expects high growth rates, especially for mechatronic and increasingly intelligent clamping devices and gripping systems.
Schunk recently announced a cooperation agreement with AnotherBrain, one of the world's leading specialists in artificial intelligence.