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The funds are used in the areas of location strengthening, digitization, and greening and should help keep the company on top of the world. “Investments were already planned before the crisis. The federal investment bond now allows us to implement more projects more quickly,” Palfinger CEO Andreas Klauser said at a press conference on Tuesday. About a third of the investments have been advanced. “That means an immediate economic stimulus for the region with the start of the works in February 2021.”
Millions for “Palfinger World” and training center
20 million euros will be allocated to the expansion of the Lengau (Upper Austria) location on the state border with Salzburg; for example, the renovation of a machining center, a new maintenance room, or more energy efficient laser or beam systems. Three million euros are reserved for the product world “Palfinger World”, the new construction of the learning and continuous training center “Palfinger Campus” will cost 3.7 million euros.
“We are creating 200 highly-equipped learning programs that focus on digitization and software development, as well as Industry 4.0,” said Klauser. This also includes a new workshop for additive manufacturing apprentices, assistive systems and digital work environments. In addition to more powerful products, the manufacturer wants to focus on efficiency and security, and digital solutions that enable virtual services for virtual products or product transfers.
Palfinger is weathering the crown crisis well
At the Köstendorf location in the Flachgau region of Salzburg, prototype construction and the research and development center are being expanded. The Covid 19 crisis has been survived well so far, Klauser explained. “The order books for the first quarter of 2021 look great, but beyond that, the view is still limited.”
With his investment, Palfinger is strengthening Austria as an industrial location and securing strong economic momentum, Economy Minister Margarete Schramböck (ÖVP) said on Tuesday. Right now it is important to create framework conditions so that companies can continue working. “Competitiveness is important. The economy is not stopping. Other markets outside of Europe are recovering rapidly, so it is important that companies can invest in Austria,” the minister said.
(Those: APA)
