HOMAG is at the beginning of a new investment cycle in the business with the furniture industry. Customer demand for machines and production lines has been picking up significantly for some months now. This was preceded by a period of weakness that started in 2019 and was later exacerbated by the corona pandemic. HOMAG has started the current year with high order intake. In 2023, HOMAG aims to achieve the target EBIT margin of at least 9%.
“We are planning an investment package of almost €100 million for HOMAG. In the coming years, we want to grow profitably and gain market shares. To do so, we require a highly efficient production in the global value creation network. At the same time, we are streamlining business processes and placing greater emphasis on personal responsibility, entrepreneurial thinking and the competence of our employees. We support this by investing in a modern working environment that promotes performance,” said Ralf W. Dieter, CEO of Dürr AG and HOMAG Group AG.
A new production hall and a logistics center will be built in Schopfloch. This is intended, among other things, to optimize the flow of materials in HOMAG’s new production system. In addition, HOMAG is investing in new office buildings in Schopfloch, a customer center for product presentations and tests, and a new dining hall.
In Środa, Poland, construction work for a new plant will begin in the second quarter of 2021. HOMAG already employs 700 people in Poland. This makes the country HOMAG’s third-largest location after Germany and China – in terms of workforce size. By this investment, the capacities in Środa will be modernized and increased. This will make the plant, from which HOMAG exports worldwide, even more efficient. At the same time, HOMAG will be able to serve the traditionally strong furniture industry in Poland even more effectively with machines and services.