# Festo invests €70M in expanding and renovating Scharnhausen plant

Festo invested €70 million to expand and renovate its oldest factory in Scharnhausen, Germany, creating a leading plant for valves, valve terminals and electronics. The plant was completed last autumn and produces valve technology for multiple industries.

- Type: Expansion
- Announced: 2016-12-19
- Where: Scharnhausen, Stuttgart, Germany
- Value: $74.0M (70.0M EUR)
- Starts operating: Q3 2016
- Status: completed
- Capacity: over one million valves per year
- Products: valves, valve terminals, electronics
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Festo](https://endata.com/companies/1097.md)

## Sources

- [emag.directindustry.com](https://emag.directindustry.com/2016/12/19/festo-in-germany-industry-4-0-in-action/), 2016-12-19: "It is now our leading plant for valves, valve terminals and electronics."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.