US company GoodMills is making a significant investment in Hamburg, expanding the capacity of its Aurora mill to 265,000 tons per year. Soon, its Hamburg location will produce dust-free flour packages.
GoodMills, which manages six other flour mills from its base in Hamburg, has big plans for its first fiscal year (2019/2020). It will expand its Hamburg site and invest 15 million euros. The Hamburg mill can currently process 185,000 tons of flour annually; after the expansion, that figure will increase to 265,000 tons. One third of the flour produced in Hamburg is sold to food retailers, and two thirds go to bulk buyers such as bakeries.
The milling industry in Germany is currently undergoing an intensive consolidation process. There were approximately 19,000 mills in 1950, but since then, their numbers have steadily decreased – currently, there are only about 550 active mills in Germany, and just 200 of those process more than 1,000 tons per year. GoodMills is Europe’s largest milling group and the fourth-largest in the world.
The centrally located Olympus Campus will be one of the largest and most modern office complexes in Hamburg.
Olympus is an innovative company in Hamburg’s health economy and a valuable partner for research and development. As an active member of the Life Science Nord cluster, the company is an important strategic partner for the city, as well. The future Olympus Campus in Hamburg offers modern, attractive office space for employees and will have a revitalizing effect on the district of Hammerbrook. The technology company has been active in Hamburg since 1963, and by signing this long-term lease, Olympus is reaffirming its dedication to the city.
Olympus manages its business with the EMEA region from its base in Hamburg.
Industrial engineering specialist VTU Engineering of Austria is continuing its expansion with a new branch in Hamburg. The goal is to strengthen its partnership with customers in northern Germany.
“By opening this new location, we will be able to work more closely and effectively with our customers in northern Germany,” explains VTU CEO Wolfram Gstrein. “Additionally, it means further strengthening our position in Germany, which will allow us to continue to grow in the future and expand our position as a partner for the process industry.” The industrial engineering company’s customers in Hamburg include Nordmark Arzneimittel, Ohly, and Aurubis.
Furthermore, Hamburg has always been one of the top locations in Germany for international service providers.
The shortage of skilled workers in the IT industry intensified again recently: According to industry association Bitkom, there are currently 82,000 open positions for IT specialists in Germany. That number rose by about 50 percent within a single year. Not only does this mean that IT specialists and programmers can demand increasingly high salaries; it is also driving business for recruiting agencies.
Consequently, Glassdoor – an American website that allows employees to review employers – decided to open its first German branch in Hamburg. It will initially be staffed by a five-person team that will support existing corporate customers and expand the company’s recruiting solutions business. San Francisco-based Glassdoor launched in 2008, and according to the company’s own data, it is the second-largest job portal in the USA.
Iventa’s strategy of focusing on customers has paid off: The company is growing, and it is currently one of the top HR consulting companies in Austria. Alongside its own offices in all of Austria’s major economic regions – Graz, Innsbruck, Linz, Salzburg, and Vienna – the company opened a location in Bucharest, Romania in May 2018, and during the last few months of that year, Iventa began working on a further location in Germany. Now, Iventa Germany is open for business in Hamburg, and the company’s local customers can enjoy even more personal service.
US publisher advertising technology platform Sovrn is further expanding its European business by establishing a branch in Hamburg.
This expansion comes after Sovrn recently took in more than 25 million US dollars in series E capital during its last round of investment and acquired e-commerce company Viglink, now known as Sovrn Commerce.
Sovrn provides publishers with an advertising platform where they can offer inventory via header bidding; this platform also delivers analysis functions and the option to monetize publisher data. In Germany, the company has already inked partnerships with publishers such as WetterOnline.de.