# LMG Hoym invests EUR 50M in new production hall for EV components

LMG Manufacturing GmbH broke ground on a new EUR 50 million production hall with four production lines in Seeland/Hoym, Germany, creating 120 jobs, to produce aluminum die-cast parts for electric vehicles.

- Type: Expansion
- Announced: 2023-03-07
- Where: Seeland/Hoym, Saxony-Anhalt, Germany
- Value: $53.0M (50.0M EUR)
- Jobs: 120
- Starts operating: 31 Aug 2023
- Status: under construction
- Capacity: 1,200,000 units per year
- Products: aluminum die-cast parts for electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [LMG Manufacturing](https://endata.com/companies/68976.md)
- [Jaya Hind](https://endata.com/companies/69046.md) (investor)

## Sources

- [aluminium-journal.de](https://aluminium-journal.de/lmg-hoym-setzt-spatenstich-fuer-neue-produktionshalle), 2023-03-07: "Die Erweiterung schafft rund 120 zusätzliche Arbeitsplätze und stärkt das Unternehmen langfristig."
- [prnewswire.com](https://www.prnewswire.com/in/news-releases/growth-at-lmg-hoym-ground-breaking-ceremony-for-a-new-production-hall--50-million-euro-investment-and-major-order-win-301767746.html), 2023-03-09: "The current investment is a first step to further modernize LMG as well as to internationalize and develop new product technologies."
- [theprint.in](https://theprint.in/ani-press-releases/growth-at-lmg-hoym-ground-breaking-ceremony-for-a-new-production-hall-50-million-euro-investment-and-major-order-win/1430055/), 2023-03-09: "The current investment is a first step to further modernize LMG as well as to internationalize and develop new product technologies."

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