Thyssenkrupp Schulte Tuesday said it will invest Eur60 million ($70 million) in the construction of a new logistics center in Rotenburg in the German state of Lower Saxony.
A purchase agreement for a 100,000 square meter industrial site has been signed with construction set to be completed in summer 2019 and the center fully operational by 2021.
The state of the art facility will absorb existing warehouses in nearby Bremen and Hamburg, bringing combined storage capacity to 18,000 mt of aluminum, stainless steel and carbon steel.
Len Griffin