Wemhöner to invest €12m in Herford location
28 February 2017German company Wemhöner will be investing €12m at its Herford location as a result of a satisfactory business development in the past financial year 2016,
Wemhöner, producer of machines and systems for upgrading wood based panels operations, showed a group turnover of €110m for 2016 bringing 2017 a significant increase in sales to €130m.
The main markets in the current year are North America, Eastern Europe and China. After two weaker years, the Chinese Wemhoener (Changzhou) Machinery Manufacturing is now an important sales driver accounting for about 30% of group sales. The group employs about 480 people.
The investment at the Herford location is mainly aimed at improving the logistics structures and assembly areas. In addition, replacement investments are being made in new machine tools. The capacity utilisation in both locations is secured by existing orders in 2018.
