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The newly-acquired property adds 170 acres of land and over 500,000 square feet of warehouse space, creating room for industrial, manufacturing and logistics businesses to locate, grow or build new facilities. The new addition is a former automotive parts plant, which closed its doors in 2008.
The automotive industry was severely hit by the pandemic, with a 13.6% dip in global car sales in 2020, a more significant slide than during the financial crisis of 2008. For example, the Automotive Club of Luxembourg (ACL) has developed a solution – ‘Electrolease’ in partnership with Leaseplan for individuals leasing EVs.
In 2008, after several years in product management and business development at Siemens, he moved to product management at DELO. Since 2015, he has been responsible for production, logistics and quality management. Karl Bitzer and Christian Walther, two extremely experienced and valued colleagues, will succeed him.”
About Würth Group The Würth Group is a worldwide wholesaler of fasteners, screws and screw accessories, dowels, chemicals, electronic and electromechanical components, furniture and construction fittings, tools, machines, installation material, automotive hardware, inventory management, storage and retrieval systems. www.fastenal.com.
While these two trends are common across many industries, perhaps nowhere are they more pronounced than in the automotive industry. Beyond the automotive industry, even the most basic household appliances are now wireless and connected. New companies may have limited resources and expertise necessary to overcome hurdles that may arise.
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