Wirral heating specialist to be boosted by German investment
Stiebel Eltron, the Wirral-headquartered heat pump maker, is set to receive a financial boost after its German branch announced more than €600m investment into increasing its capacity, R&D and creating new jobs.
The investment will have a ‘positive knock-on effect’ across the entire company as it feeds into its supply chain and ‘makes it more robust.’
The company said the demand for environmentally friendly electricity-based heating has been booming.
The German branch expects to have produced 80,000 heat pumps – an increase of 60% compared to the previous year.
As a result, the company is planning further investments of more than €600m euros.
Production capacities will be expanded, research and development financed, and 400 new jobs will be created.
Dr Kai Schiefelbein, managing director of Stiebel Eltron, said: “We have specialised in electricity-powered heat pump systems ‘Made in Germany’.
“With experience of almost 50 years of in-house development work, we are among the technical market leaders.
“Environmentally friendly heating technology does not require oil and gas and is therefore of outstanding importance both for climate protection and for Germany’s energy supply security. We will continue to expand in this market.”
The UK branch, based in Bromborough, Wirral, has placed significant investment into its own recruitment drive as well as into its own facilities, with the company set to launch a brand-new training centre and showroom this autumn.
Mark McManus, UK managing director, said: “It’s fantastic to see demand for heat pumps continuing to rise, and the investment made by Stiebel Eltron in Germany is a significant statement from the company that it will meet demand.
“Not only will this have a positive impact in Germany, but also here at Stiebel Eltron in the UK as our supply chains become stronger as a result, which will in turn help us to fulfil our commitment to helping the UK move away from fossil fuel boilers, while supporting the Government’s ambition to install 600,000 heat pumps annually by 2028.”