PMG Holding, a leading global supplier of sintered components and systems for the automotive industry, has completed its €9 million investment with the opening of a new, fully automated sintered planetary carrier production line at PMG’s plant in Füssen, Germany.
The inauguration of the new PM production line, which has the capacity to produce around 700,000 PM planetary carriers annually for use in automatic gearboxes, took place on March 12th, 2013.
In attendance during the opening were members of the PMG Management Team, local representatives, customers and other business partners, including Karl Theo Goldschmidt, who represented the family which recently took over the PMG business.
“We celebrate a further milestone for the PMG group, as well as the successful implemented first step of the comprehensive expansion and automation strategy for our plant in Füssen” stated Dr Krehl, CEO of PMG Holding.
PMG has six plants in four countries (Germany, Spain, USA, China) employing around 1250 people with annual turnover in the region of €210 million.