# WEG invests €1.1M in new machining center at Watt Drive

WEG invested €1.1 million in a new Makino A99E four-axis machining center at its subsidiary Watt Drive's site in Markt Piesting, Austria, as the first step of a modernization and expansion campaign. Further investments in the double-digit million euro range are planned by 2023.

- Type: Investment
- Announced: 2018-08-20
- Where: Markt Piesting, Austria, Austria
- Value: $1.28M (1.10M EUR)
- Starts operating: Aug 2018
- Status: completed
- Products: gearbox housings, geared motors
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [WEG](https://endata.com/companies/1550.md)
- [Watt Drive](https://endata.com/companies/18963.md) (partner)

## Sources

- [industrial-production.de](https://www.industrial-production.de/drive-technology/weg-modernizes-for-millions.htm), 2018-08-20: "The new Makino A99E four-axis machining center will be used for machining gearbox housings and is the first measure in a modernization and expansion campaign at the Markt Piesting site."

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