# Kramski invests €7 million in new building after fire

Kramski, a precision technology company, held a groundbreaking ceremony for a new building on its site in Pforzheim, investing €7 million. The building replaces a toolmaking facility destroyed by a fire in 2016.

- Type: Investment
- Announced: 2017-09-29
- Where: Pforzheim, Germany
- Value: $8.30M (7.00M EUR)
- Status: under construction
- Products: precision tools, stamping technology
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Kramski](https://endata.com/companies/17698.md)

## Sources

- [pz-news.de](https://www.pz-news.de/wirtschaft_artikel,-Praezisionstechnik-FirmaKramski-investiert-sieben-Millionen-Euro-_arid,1188980.html), 2017-09-29: "Die Neuausrichtung unseres Werkzeugbaus ... begreifen wir als Chance."

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