The industrial park in Bitterfeld-Wolfen (Saxony-Anhalt), one of Europe’s largest production sites for chemicals, is enjoying a wave of new investments.
For example, Heraeus, a maker of ultra-pure quartz glass, is building a third factory for approximately EUR 70 million in a move that will create roughly 70 new jobs and raise its local workforce above 600. The Heraeus facility meets a quarter of the world’s demand for water-thin fiber optic cables made from quartz glass.
In addition, the industrial services provider Ibu-tec will build a new facility to produce battery materials and chemical catalysts, and Bayer’s pharmaceutical plant will invest some EUR 90 million in new facilities.
Lastly, Progroup plans to invest EUR 375 million to build a new paper mill, which will create 140 new jobs. According to the industry association Nordostchemie, companies invested around EUR 447 million in the maintenance and construction of chemical plants in Saxony-Anhalt in 2016, the last year for which figures are currently available.