# hGears invests EUR 25M in machinery at Schramberg plant

hGears Group's German plant Herzog GmbH announced a EUR 25 million investment in innovative machinery, including the first Index MS40/06 multi-spindle turning machine, to expand capacity for electric transmission components at its Schramberg plant.

- Type: Investment
- Announced: 2019-02-25
- Where: Schramberg, Germany
- Value: $28.4M (25.0M EUR)
- Status: announced
- Products: key components for electric transmissions
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [hGears](https://endata.com/companies/1373.md)
- [Herzog GmbH](https://endata.com/companies/16612.md)

## Sources

- [hgears.com](https://hgears.com/hgears-invests-in-new-machinery-to-manufacture-key-components-for-electric-transmissions/), 2019-02-25: "This is part of a total investment of 25 million euros in innovative machinery, infrastructure and automation at the Schramberg plant."

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