This move will enable the specialist for high-precision ball screws and gears, which is part of the Japan-based Kuroda Group, to continue growing and modernizing: The company’s current building is too old to continue meeting the demands of modern, energy-efficient production. “Given their specialized products, Thuringia’s mid-market companies need to constantly evolve to remain competitive. By investing in a new plant, Jenaer Gewindetechnik is not only modernizing its production; it is also setting itself up to keep up with constantly growing demand,” said Wolfgang Tiefensee, Thuringia’s Minister for Economic Affairs, whose office has provided one million euros in investment incentives. This will also create modern workplaces for the currently about 100 employees. The company has been manufacturing ball screws since 1970. These devices are primarily used in the mechanical engineering, semiconductor, optical, medical device and aerospace sectors. (gro)
