28/10/10

Groundbreaking Ceremony for Würth Annex in Künzelsau - Additional Investments at Headquarters to Follow

Künzelsau. Today, the Würth Group will be celebrating the groundbreaking ceremony for the annex to corporate headquarters in Künzelsau-Gaisbach. Said annex will provide room for an additional 350 office workstations. It constitutes the first step in the process of adding on to corporate headquarters of the Würth Group.

Robert Friedmann, Chairman of the Central Managing Board of the Würth Group explains: “Business development in Germany in particular is outstanding. Now is the perfect time to invest in the future of our business.” The Würth Group, he says, is reporting double-digit growth rates.

The three-story annex will border the existing administration building of Adolf Würth GmbH & Co. KG in Künzelsau-Gaisbach to the south. After a one-year construction period, the new premises will be available after April 2012. All in all, the company is planning on creating additional space of 7,175 m² with an investment of EUR 12 million.

The annex is the first step in the wake of additional investments at the location of Künzelsau-Gaisbach amounting to more than EUR 90 million in total. Friedmann explains that the logistics center of Adolf Würth GmbH & Co. KG will be enlarged, too, starting in the spring of 2011. “Apart from sales, logistics is another core competence of the Würth Group. The investment helps us to create the basis for fulfilling our highly ambitious promise regarding performance and efficiency towards our customers also in the future." Würth will also expand the logistics infrastructure in Künzelsau-Gaisbach by a space for waiting delivery trucks on business premises. A sales outlet on the spot is supposed to make contact with the customers even more attractive. Construction of the already announced Convention Center will start in 2012.

According to Friedmann, the Würth Group is planning on increasing the number of staff in Germany by about 10,000 to then 28,000. “Approximately 700 new jobs will be created at corporate headquarters in Künzelsau.” Currently, Würth has 2,000 on the payroll at corporate headquarters.

On the Würth Group

The Würth Group is world market leader in its core business, the trade in assembly and fastening material. It currently consists of about 400 companies in 84 countries and has ca. 59,000 employees on the payroll. Over 29,000 of these are permanently employed sales representatives. In the business year 2009, the Würth Group attained a worldwide sales volume of EUR 7.52 billion.

In the core business, the Würth Line, the sales range for trades and industry comprises over 100,000 products: From screws, screw accessories and anchors to tools, chemical-technical products and personal protection equipment.

The Allied Companies of the Würth Group – companies belonging to the Group that either border on the core business or work on diversified business areas - round off the range by offering products for DIY stores, material for electrical installations, electronic components (e.g. circuit boards) as well as solar modules and financial services. They account for approximately 42 percent of the Würth Group’s sales volume.

The Würth Group is the bearer of the German Logistics Award 2009 awarded by the Federal Association for Logistics (Bundesvereinigung Logistik, BVL). The Würth Group received this award for its modular logistics system that can be tailored specifically to individual customer groups.

This emphasizes the Würth Group’s claim that not only wants to satisfy its customers, being optimistic, dynamic and fully aware of its responsibility, no, it wants to inspire and fill the customers with enthusiasm. Demanding and promoting performance is an integral element of Würth’s corporate culture.