On June 24, 2014, a festive ground-breaking ceremony heralded the expansion of STEYR MOTORS GmbH, Austria, with a future engineering and production site. The event represents an important step into a productive future of the company’s Austrian location and seals the promising cooperation of the STEYR management with the investors group Phoenix Tree Capital (HSC). The guests of honor included Provincial Economy Minister Michael Strugl and Mayor Gerald Hackl.
The expansion of the local location not only represents an investment of 17.6 million euros but also the creation of a space for innovation and technological development. Approximately 2000 m² of additional production space and 800 m² of additional office space will be created. With this expansion, STEYR MOTORS will more or less double its engineering and production capacity by the beginning of 2015.