# Nidec/SYS invests EUR 17M in Grafenau plant expansion

Nidec/SYS is investing EUR 17 million in an expansion of its site in Grafenau, Germany, for the production of high-speed presses. A groundbreaking ceremony has taken place.

- Type: Expansion
- Announced: 2023-10-19
- Where: Grafenau, Bavaria, Germany
- Value: $18.0M (17.0M EUR)
- Status: under construction
- Products: high-speed presses
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Nidec/SYS](https://endata.com/companies/73850.md)

## Sources

- [pnp.de](https://www.pnp.de/lokales/landkreis-freyung-grafenau/hochdruck-invest-in-die-zukunft-14605743), 2023-10-19: "Eine 17 Millionen Euro-Investition in den Nidec/SYS-Standort in der Reismühle – das seien auch 17 Millionen Euro für Grafenau und 17 Millionen Euro für den Landkreis."

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