LMG Manufacturing opens new facility in Germany
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Magdeburg [Germany], March 9 (ANI/PRNewswire): Contrary to current trends in the aluminum industry, LMG Manufacturing GmbH in Seeland/Hoym is expanding its production and investing 50 million euros in a new production hall with four production lines. The expansion will create around 120 additional jobs and strengthen the company in the long term. LMG Hoym is resolute in transforming the automotive sector moving it away from the world of combustion engines and will become a supplier of aluminum die-cast parts for e-vehicles. At the ground-breaking ceremony for LMG Manufacturing's new production hall, Sven Schulze, Minister of Economic Affairs, Tourism, Agriculture and Forestry of Saxony-Anhalt, said, "I am very pleased with the long-term decision to strengthen Hoym in the heart of Saxony-Anhalt and congratulate the automotive supplier LMG on its forward-looking growth". Dr. Robert Franke, Managing Director of Investment and Marketing Corporation Saxony-Anhalt mbH (IMG)