# Starrag invests double-digit million euro amount in Chemnitz plant

Starrag GmbH is investing a double-digit million euro amount in its Chemnitz plant, including a new high-speed machining center for heavy workpieces. The machine is to be assembled from December 2024 and operational by July 2025.

- Type: Investment
- Announced: 2024-11-13
- Where: Chemnitz, Germany
- Value: $11.0M (10.0M EUR)
- Starts operating: Jul 2025
- Status: under construction
- Products: high-speed machining center for heavy workpieces
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Starrag](https://endata.com/companies/16535.md)

## Sources

- [freiepresse.de](https://www.freiepresse.de/nachrichten/wirtschaft/wirtschaft-regional/maschinenbauer-starrag-investiert-zweistelligen-millionenbetrag-in-chemnitzer-werk-artikel13596038), 2024-11-13: "Ab Anfang Dezember wird bei der Chemnitzer Starrag GmbH ein neues Hochgeschwindigkeits-Bearbeitungszentrum für schwere Werkstücke montiert."

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