The Austrian based Pfeifer Group has plans to expand its facilities in the central Hessian town of Lauterbach. The company is set to invest around €30 million in the construction of a new cross-laminated timber plant on its current premises that will feature an annual production capacity of 100,000 cubic meters of cross-laminated timber. The start of construction in the autumn of 2017 marks an additional investment by the Pfeifer Group in the consolidation and expansion of its current market position while simultaneously broadening the range of products that it offers in the wood construction segment. Pfeifer’s presence in Lauterbach dates back to 2009, when it opened an industrial scale sawmill, a compressed wood brick production facility, a biomass heating plant, and a pelletizing plant on an approximate 50 hectare property. Pfeifer generated revenue of approximately €120 million in 2016 and employed around 190 people.
Thriving Horizon Investment Europe GmbH
Founded in 1958, the Chinese parent corporation Beijing Automotive Group Co., Ltd. now ranks among the five largest automotive companies in China. The BAIC Group recorded revenue of approximately €44 billion in 2015 and employs a total of around 90,000 people. In addition to the automotive sector, the group is also active in the financial management, innovative energies, and aviation industries. Its German subsidiary Thriving Horizon Investment Europe GmbH was launched in March 2017 in Frankfurt am Main and focuses on the automotive and automotive supply segments as well as on vehicles and autonomous driving systems powered by renewable energies. The company intends to secure M&A and joint venture opportunities by means of investments and equity investments.
Daikin Applied Germany GmbH
Daikin Industries Ltd. is a worldwide leading producer of air conditioners and a Fortune 1000 company based in the Japanese city of Osaka. Founded in 1924, the company now employs around 60,000 people worldwide. In May 2017, Daikin Applied established a sales office in Germany in the city of Frankfurt am Main for the purpose of serving the quickly growing market for large scale air conditioning systems. The commencement of the company’s operations has created 15 jobs.
Dexerials Europe B.V.
Dexerials is a chemical corporation based in Japan. The launch of operations in Frankfurt am Main was carried out by the company’s Dutch subsidiary in April 2017. Dexerials specializes in the production of chemical components used, among other things, in medical equipment, consumer electronics, and automotive industry products. The German office primarily focuses its attention on customers in the automotive industry. This involves the direct sale of products such as anti reflective film for car display screens, special adhesives for cameras used for autonomous driving, and adhesive tapes with conductive properties to German automotive suppliers and vehicle manufacturers. The opening of the German office has created five jobs.
Godrej Security Solutions
The Godrej Group, which is the largest conglomerate in India, established its presence in Germany in March 2017 by founding the company Godrej & Boyce Mfg. Co. Ltd. in Offenbach am Main. The global corporation’s showroom features products from its security division as well as a walk in vault and a wide range of security related solutions. Godrej Security Solutions is the industry leader in the security solutions segment in India and also enjoys IMS certification. Even before the opening of the Offenbach office, Godrej was frequently awarded certification by international (including German) inspection companies and has received numerous German and international accolades, such as recognition as Asia’s most preferred home security provider. The Godrej Group has been operating in India since 1897 and has subsidiaries in nearly every industrial and consumer goods sector. In light of its 28,000 employees worldwide and revenue of approximately €3.4 billion, the group’s decision to establish a physical presence in Germany will serve as a major enrichment to Hessen’s already strong culture of hosting businesses from across the globe.
HIOKI Europe GmbH
Hioki E.E. Corporation is a midmarket company based in the Japanese city of Nagano specializing in the production of electrical measuring instruments with worldwide revenue of around €140 million. The company was founded in 1935 and now employs around 800 people across the globe. Its German subsidiary HIOKI Europe GmbH was established as a sales office in Eschborn (near Frankfurt am Main) in June 2017, which has created jobs.
Neusoft Medical Europe GmbH
Neusoft Medical Europe GmbH, which is based in Eschborn (near Frankfurt am Main), engages in the international trading of merchandise of all sorts, but in particular computer programs, computer parts, CT scan equipment, ultrasound equipment, X-ray machines, magnetic resonance imaging equipment, medical diagnostic equipment, and related accessories. Its Chinese parent corporation produces medical equipment and provides medical services. The company is also involved in providing services and conducting research and development activities in the aforementioned medical segments, providing technical related consultation, and offering leases, repairs and maintenance of medical equipment and accessories. The opening of facilities in Eschborn in January 2017 led to the creation of five jobs.