PMG group has announced an investment of some $23 million to build a second manufacturing facility on its 40-acre campus in Columbus, Indiana, USA.
The 36,000 ft2 facility, which is expected to be completed by the end of the year, will accommodate two new manufacturing lines. In addition, a third line will be installed in an existing plant. With this expansion PMG will create up to 50 new jobs by 2014.
PMG is headquartered in Füssen, Germany, and currently has six plants in four countries (Germany, Spain, USA, China). The group employs around 1250 people and has annual turnover of around €210 million. The company manufactures a wide range of sintered components & systems for the automotive industry.
Originally founded by Plansee and Thyssen in 1960, the PMG group was sold to Vermögensverwaltung Erben Dr. Karl Goldschmidt GmbH (VVG), an asset management company based in Essen, Germany, in 2011.