Stiebel Eltron says it will quadruple heat pump manufacturing capacity in Holzminden, Germany. It also plans to triple the number of jobs provided by the industry to 1,200 jobs by 2027.
German heating manufacturer Stiebel Eltron is investing €450 million ($496 million) to expand heat pump production capacity in Holzminden, Lower Saxony, Germany. The company’s goal is to quadruple the capacity and triple the number of employees at the factory to around 1,200.
The expansion plan has already started and the heat pump production area will expand to the size of four football fields. Stiebel Eltron’s decision to expand is due to the growing demand for heat pumps in Germany.
Stiebel Eltron COO Kai Schiefelbein said the expansion is part of the company’s efforts to support the energy transition and create new jobs in Germany. Unlike many competitors, the company expands its capacity for environmentally friendly heating technology in households. For example, Bosch recently announced plans to build a heat pump factory in Poland.
In the past three years, Stiebel Eltron has more than tripled its workforce in Germany from 1,000 to around 3,200, despite a shortage of skilled workers. The company has trained untrained applicants internally, and they can be deployed in production facilities within weeks.
