# voestalpine to expand Schwäbisch Gmünd site with EUR 13 million investment

voestalpine will invest EUR 13 million to expand its phs-directform facility in Schwäbisch Gmünd, Germany, by summer 2017, creating 40 new jobs.

- Type: Expansion
- Announced: 2017-03-06
- Where: Schwäbisch Gmünd, Baden-Württemberg, Germany
- Value: $13.8M (13.0M EUR)
- Jobs: 40
- Starts operating: Q2 2017
- Status: under construction
- Products: ultra high-strength body-in-white parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [voestalpine](https://endata.com/companies/19723.md)

## Sources

- [voestalpine.com](https://www.voestalpine.com/group/en/media/press-releases/2017-03-06-innovative-voestalpine-process-brings-a-major-order-worth-EUR-250-million/), 2017-03-06: "voestalpine will again be investing EUR 13 million in expanding the site in Baden-Württemberg by summer 2017 in order to handle this major order, not only creating 40 new jobs but also continuing to drive its expansion in the automotive sector."

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