Recaro to launch headquarters expansion
Recaro Aircraft Seating is planning a major expansion of its headquarters in Schwaebisch Hall, acquiring land and buildings valued in the millions.
The first phase of construction is scheduled to begin in early 2019 – as per plans by Stuttgart-based architects MDM, who won the nationwide architectural competition.
“Of course, the expansion project which we named ‘space2grow’ also reflects a clear commitment to our Schwaebisch Hall location and to the region,” commented Dr. Mark Hiller, Chief Executive Officer and Shareholder of Recaro Aircraft Seating, in today’s announcement.
Last year, the company increased yearly sales to €487 million (US$551.6 million). For the current year, the growth target is in the double-digit percentage range. The number of employees has increased to 2,700 worldwide and 1,300 in Schwaebisch Hall.
“We also need to successfully meet the demands of these high growth levels – today and into the future,” says Hiller. How the “space2grow” project will ultimately look be shown early next year, when the first expansion phase is scheduled to begin. Recaro will be investing in new buildings and factory halls, including a development and testing center, in customer service, a new canteen as well as more parking space for employees. Events and international meetings with up to 600 guests will be possible in the future. New facilities including a development center, 3,200 square meter testing hall and fire-testing laboratory will also be vital to the expansion.
Recaro Aircraft Seating held a nationwide architectural competition for the expansion project at company headquarters. With their winning design, Stuttgart architects MDM won against five other candidates.
“It is a significant achievement that a company expansion of this size can be completed within an existing commercial area. Recaro’s outstanding development also is a testament to the positive municipal land policy in Schwaebisch Hall,” says the city’s Mayor, Hermann-Josef Pelgrim.
The company’s continuous growth is also leading to investment in expanding sites in Swiebodzin, Poland and Qingdao, China.