The company is investing around EUR 50 million in the new facility: EUR 15 million for the building itself and EUR 35 million for the production equipment. It plans to increase its headcount from 230 permanent employees to around 350. One key element of the new production line will be a state-of-the-art masonry oven worth three million euros. “Each square meter can hold around half a ton of dough. And each production line processes around four tons per hour. Eventually, we plan to have four lines,” explains Panem CEO Markus Schirmer. “We are confident that our high product quality will enable us to expand our market share. Between the good transport links, close proximity to our customers and available space, northern Thuringia is the ideal location to continue driving our expansion!” (hw)
