Reifenhäuser Kiefel Extrusion has been renamed Reifenhäuser Blown Film, and parent company Reifenhäuser GmbH is investing more than 2 million euros ($2.34 million) in the Kiefel factory in Worms, Germany.
Troisdorf, Germany-based film equipment maker Reifenhäuser bought Kiefel Extrusion GmbH in 2009, during the recession.
Reifenhäuser said the investment in Worms includes new machining centers and a new three-dimensional measuring machine.
“These investments enable us to further optimize the material flow, expand capacities, and sustainably ensure the quality for demands in the future,” says Bernd Reifenhäuser, CEO of Reifenhäuser Group. “The changes not only mean a further step forward for the Worms site, but for the complete Reifenhäuser Group: We are advancing the strengths of the group in a purposeful way, and are networking even more closely to position our products and services on the global marketplaces in the most targeted manner.”
The investment will safeguard jobs and support further growth, company officials said.