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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.
The University of Sheffield awarded a £792,045 contract to Herzog GmbH for the supply, installation and commissioning of a Circumferential Braiding Facility for its Advanced Manufacturing Research Centre's new Composites Facility.
hGears Group announced a strategic reorientation at Herzog GmbH, reducing the motorcycle segment and cutting jobs from 500 to 350 by mid-2018. Over EUR 10 million will be invested in machinery at the Schramberg site over 36 months.
| Site | Largest | Latest |
|---|---|---|
| Schramberg, Germany | $28.4M | 2019-02-25 |