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2024-12-13 00:00:00
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Austrian crane manufacturer Palfinger is set to invest €70 million ($74 million) in the construction of a cutting-edge production plant in Ormoz, northeastern Slovenia. The Slovenian economy ministry announced the development following the signing of a memorandum of understanding between Palfinger, the ministry, and the municipality of Ormoz on Wednesday.
Details of the Investment
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Location: Ormoz, Slovenia
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Investment Value: €70 million
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Start of Production: Expected in 2028
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Facility Area: 18.5 hectares
The new plant will focus on manufacturing cranes and lifting solutions, addressing both onshore and offshore needs. This expansion aligns with Palfinger’s strategic goal to optimize its European production network and enhance its overall manufacturing capacity.
Palfinger’s Legacy in Slovenia
Palfinger has maintained a strong presence in Slovenia for over 30 years, employing 900 people in its current Maribor facility. However, the existing location lacks the capacity to support further expansion. The Maribor plant’s primary activities include:
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Production, painting, and pre-assembly of loading and forestry cranes.
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Final assembly of marine and wind cranes for the marine sector.
The new Ormoz plant will enable Palfinger to significantly expand its operations and better meet growing global demand.
Strategic Importance of the New Plant
The investment underscores Palfinger’s commitment to strengthening its European production capabilities. The new facility will:
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Expand manufacturing capacities for a diverse range of cranes and lifting solutions.
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Enhance operational efficiency through optimized production processes.
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Support Palfinger’s growth in onshore, offshore, and marine crane markets.
Economic Impact on Ormoz and Slovenia
The project is expected to have a substantial economic impact on the Ormoz region, bringing:
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Job creation during construction and operational phases.
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Economic growth driven by increased manufacturing activities.
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Enhanced local infrastructure to support the new facility.
Future Outlook
Palfinger’s investment in Slovenia reaffirms its dedication to innovation and operational excellence. The Ormoz plant will play a pivotal role in Palfinger’s long-term strategy to meet global demand and remain a leader in crane manufacturing and lifting solutions.
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