The plant, which makes resistors for use in buses and trains, will grow from 3,000 m2 today to 6,300 m2. In the past two years, the plant’s annual revenue has doubled from €18 mn to almost €37 mn, the company said. It currently employs around 300 people.
According to the company, around 90% of all wind turbine manufacturers worldwide now use power resistors and an increasing number of automotive companies are using the company's discharge resistors in their series production.
"We are expanding the factory location, which has existed since 1977, with an additional two-storey building," said general manager and plant manager Louis Klein. "Around 3,000 m2 on the ground floor are reserved for eMobility - for production, but also for research and development as well as sales and administration. […] The greatly increased space will allow us to integrate our previous external production in St. Stefan im Rosental into the Kirchbach plant location.”
The investment is expected to create around 40 new jobs for the region, Miba said.