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Peikko renews its manufacturing operations in Germany

Peikko Group’s legal entity in Germany, Peikko Deutschland GmbH, is undergoing important changes in its manufacturing operations. Currently Peikko has two factories in Germany: in Waldeck, near Kassel, and in Brotterode, near Erfurt.

During 2019 Peikko will make significant machinery investments in Waldeck. The investments will increase the automatization level of Peikko’s current manufacturing processes and extend production possibilities, particularly for customers in the energy sector. The planned investments will be around 4 million euros, and all the machinery will be operational by the end of 2019.

In connection with the investment project, the manufacturing operations of Brotterode factory will be divested as of January 1st, 2019. The buyer of the factory is Buthelor GmbH, a company with a long-term customer relationship with Peikko. The sale includes the factory real estate and most of the machinery. All 27 employees of Peikko Brotterode will be transferred to Buthelor GmbH.

“Our investments enable new possibilities for Peikko’s capacity and productivity and for the service level we provide to our customers. At the same time, I am happy that the Brotterode factory has found a new good home within Buthelor GmbH. To focus only on one manufacturing entity in Germany is an important step for Peikko,” says Topi Paananen, CEO of Peikko Group Corporation.

Further information:

Topi Paananen, CEO, Peikko Group Corporation
mobile: +358 50 384 3001, email: topi.paananen@peikko.com 

Tobias Althaus, Managing Director, Peikko Deutschland GmbH,
mobile: +49 170 163 8168, email: tobias.althaus@peikko.com     

Distribution: Main media, Peikko websites

Peikko Group in brief:
Peikko Group Corporation is a leading global supplier of slim floor structures and connection technology for precast and cast-in-situ applications. Peikko’s innovative solutions offer a faster, safer, and more efficient way to design and build. Peikko has sales offices in over 30 countries in Asia-Pacific, Europe, the Middle East, and North America, with certified manufacturing operations in 7 countries. Peikko’s turnover in 2017 was EUR 188 million. Peikko is a family-owned and run company that employs over 1,800 professionals. Peikko was founded in 1965 and is headquartered in Lahti, Finland. Further information: www.peikko.com.