Japanese battery and fuel-cell specialist HORIBA Fuelcon is investing EUR 30 million in expanding the Technologiepark Ostfalen technology center in Barleben in the eastern German state of Saxony Anhalt.
Work commenced on the project in late May. It’s expected to create as many as 30 new jobs.
The technology park is already home to an innovation and entrepreneur center and a branch office of the nearby Otto von Guericke University Magdeburg.
“The future of mobility and the automobile of tomorrow are partly being created in Saxony-Anhalt,” said regional Economics Ministry State Secretary Jürgen Ude at the groundbreaking ceremony. “With this millions-of-euros expansion, HORIBA Fielcon will profit even more from the future-oriented electro-mobility market. Their investment also strengthens the E-Mobility Campus Magdeburg Barleben, which is supported by the Economics Ministry and with which we want provide momentum for our suppliers to deal with the structural transformation of the automotive sector.”