Thyssenkrupp has opened a new production shop for steering components at its Schönebeck site in Saxony-Anhalt, Germany.

From next year Thyssenkrupp will produce ball screws for electric power steering systems in the 3,000 sq m shop. 

Production at the Schönebeck site has grown steadily in recent years. The new shop complete with equipment represents the start of the planned expansion of the Schönebeck production facility in the coming years.

The project has received funding of around EUR1.5m (US$1.77m) from the state of Saxony-Anhalt towards the total investment of around EUR10m. In Schönebeck, Thyssenkrupp produces steering components which are pre-assembled into modules before being integrated into steering systems at other company plants in Germany and France.

“With investments totalling millions Thyssenkrupp is steering the plant in Schönebeck towards a strong future,” said Saxony-Anhalt State Secretary of the Ministry of Economic Affairs, Science and Digitisation, Thomas Wünsch.

“The construction of the new shop and other planned extensions are a clear commitment to the location and the state of Saxony-Anhalt. Our funding is a good investment – for the region, for the employees and for new jobs.”

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For his part, Thyssenkrupp Schönebeck managing director, Sascha Singer added: “As a major automotive supplier in Saxony-Anhalt we face stiff international competition. So efficiency enhancement, greater productivity and ongoing process optimisation are of key importance for us.

“To ensure we remain competitive in this market environment we have continuously invested in the expansion and modernisation of our equipment and in our digital infrastructure in recent years.”

Thyssenkrupp is one of the largest employers in Saxony-Anhalt and currently has around 1,900 people in the region. The plant expansion is creating 65 new jobs at the Schönebeck site.

In total the company employs around 4,100 people at more than 20 locations in the eastern German Federal States.

“We want to live up to our role as an important employer in the region and invest continuously in employee training,” added Singer. 

“Particularly against the background of the increasing digitisation of our business, this is a central success factor.”