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Concentric AB Opens European Hydraulics Centre in Hof, Bavaria and Completes Transferring All Production Lines into New Facility

Monday, 15 Jul 2013 02:00am EDT 

Concentric AB announced that the Company has opened a new plant in Hof, Bavaria, consolidating all its European hydraulics manufacturing operations into a single site. The inauguration of the new 9,000 square meters Hof facility is the culmination of a SEK 36 million (approximately EUR 4.2 million) restructuring program to create one centre for Concentric's hydraulics technology and manufacturing in Europe. It involves the closure of the existing older plants in Hof and Skanes Fagerhult, Sweden and the gradual transfer of all production lines into the new facility during 2013. The Swedish plant has now completed the transfer of the business and ceased all production, in line with the previously announced restructuring program, and deliveries of Concentric power packs from the new Hof plant are already under way. 

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