core sector communique

ThyssenKrupp Elevator investing in the future: Neuhausen site to be expanded

Executive Board resolves extensive growth plan

ThyssenKrupp Elevator's Neuhausen plant near Stuttgart is to be expanded into a state-of-the-art technology park. To safeguard the plant's competitiveness both now and in the future, the Executive Board of ThyssenKrupp Elevator AG has decided to invest 81 million euros in an extensive growth plan. In addition to upgrading the production facilities and optimizing processes, the investment also includes the construction of a modern sales and customer center.

"Building a technology park in Neuhausen with around 1,200 employees will be key to implementing our growth strategy," says Dr. Olaf Berlien, Executive Board Chairman of ThyssenKrupp Elevator AG. "Central to this will be the development center for our high-speed elevators. And our new customer center will provide the right framework for our innovative elevator systems. At the same time we will create a safe and attractive working environment for our employees." Work will commence before the end of 2012, with the expansion of the site proceeding step by step.

The Elevator Technology business area brings together the ThyssenKrupp Group's global activities in passenger transportation systems. With more than 46,000 employees, sales of 5.3 billion euros in fiscal 2010/2011 and customers in 150 countries, ThyssenKrupp Elevator is one of the world's leading elevator companies. The company's portfolio includes passenger and freight elevators, escalators and moving walks, passenger boarding bridges, stair and platform lifts as well as tailored service solutions for all products. 900 locations around the world provide an extensive sales and service network to guarantee closeness to customers.