Oberwihl, Germany – Freudenberg Sealing Technologieshas completed a €10-million investment in its Oberwihl site in Germany's Black Forest, the company announced 21 March.
The investment included the installation of new production capacity, as well as modernisation of equipment, according to the statement.
"We are continuing our long-term commitment in the region and want to use the additional capacity created for further growth," said Tilman Krauch, member of the Freudenberg group board of management, at the opening ceremony.
The Oberwihl site has been in production for over 60 years and mainly manufactures O-rings for industrial and automotive customers.
"With new production capacity, we are well positioned to face increasingly intense competition in the market,” said Claus Möhlenkamp, CEO of Freudenberg Sealing Technologies, adding that the company was ‘committed to the site’.
The site has approximately 1,000 square meters of additional manufacturing space, added the report.
“The hall for manufacturing waste was moved to the edge of the site. In its place, a modern production hall was built with an area of around 400 square meters. Courtyards were also covered to create additional manufacturing space,” it added.
According to Freudenberg, offices will also be relocated by October to create more space for manufacturing.