EQS-News

GEA invests EUR 50 million in German centrifuge production sites

EQS-News: GEA Group Aktiengesellschaft / Key word(s): Conference GEA invests EUR 50 million in German centrifuge production sites 11.05.2023 / 14:15 CET/CEST The issuer is solely responsible for the content of this announcement. 130 years of GEA Separation

GEA invests EUR 50 million in German centrifuge production sites

 

• Modernization of centrifuge production facilities in Oelde and Niederahr
• Investments enable further growth in important GEA industries: food, beverage and pharmaceutical
• Focus on sustainable production, including digitalized and automated processes

 

Düsseldorf, May 11, 2023 - GEA will invest around EUR 50 million in the modernization of its German centrifuge production facilities in Oelde (North Rhine-Westphalia) and Niederahr (Rhineland-Palatinate) by the end of 2024. The engineering group made the announcement today at a press conference marking the 130^th anniversary of GEA separation technology at its Oelde site. By investing in sustainable production, digitalization and automation, GEA is targeting further growth in its key markets, which include the food, beverage and pharmaceutical industries.

GEA centrifuges are used in more than 3,500 different processes in a wide range of industries. Growth drivers include applications for alternative protein production and global demand for dairy products. The investment package for the centrifuge plants is based on four pillars: sustainability, digitalization, automation and modern manufacturing technologies.

"This year, we look back with pride at 130 successful years in separation technology. With the investments announced today, we are future-proofing our sites by producing in an even more climate-friendly, efficient and modern way. As a result, we strengthen the competitiveness of both of these German sites," explains GEA CEO Stefan Klebert. "We owe our success story to our committed employees, who work tirelessly and with a high level of engineering skill every day to ensure that we fulfill our purpose of “Engineering for a better world.”