German stockholder Eisen-Fendt invests in new workspace

Southern German steel stockholder Eisen-Fendt is reportedly expanding its facilities at its headquarters in Marktoberdorf.

The company is expanding storage space by 7,300 square metres, and is investing €10.8 million ($12.5m) to that end,Kallanish learns. A new workshop for steel products storage will be equipped with a high-bay warehouse on space of 930m², and with a height of 20 metres. It will be used for storing items of bright bar and speciality steels of six metres in length. Four more workshops are projected to store sheet, beams and speciality sections, and install a sawing centre.

The expansion is said to be adding 10 jobs in addition to 134 existing ones. Eisen-Fendt has a customer supply radius of 130 km, and specialises in rebar products, which will get more space once other products are moved to the new halls.

The company’s management is maintaining a low profile about the investment, which was reported only locally by a business portal in Swabia.