# Wipag invests EUR 10M in production expansion in Gardelegen, Germany

Wipag, a plastics recycling company, is building a new production hall in Gardelegen, Germany, as part of a EUR 10 million investment. The company will also rebrand as Mocom following a merger with Mocom, both part of the Otto Krahn Group.

- Type: Expansion
- Announced: 2023-10-05
- Where: Gardelegen, Germany
- Value: $10.5M (10.0M EUR)
- Status: under construction
- Capacity: 39,000 sq. m.
- Products: recycled plastics compounds
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Wipag Group](https://endata.com/companies/27214.md)
- [Mocom](https://endata.com/companies/73066.md) (partner)
- [Otto Krahn Group](https://endata.com/companies/73067.md) (investor)

## Sources

- [volksstimme.de](https://www.volksstimme.de/lokal/gardelegen/aus-wipag-in-gardelegen-wird-mocom-10-millionen-fur-neue-produktion-3704909), 2023-10-05: "Durch den Zusammenschluss bündeln wir die individuellen Stärken der beiden Unternehmen."

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