Investment – Birkenstock builds new factory – economy

Sandal maker Birkenstock, headquartered in Linz am Rhein in Rhineland-Palatinate, wants to invest 100 million euros in its expansion. Almost four months after the takeover by US company L Catterton, Birkenstock announced on Monday that it would invest around € 50 million to modernize its largest factory with 1,900 employees in Görlitz, eastern Saxony. Mainly, cork-latex sandals will be produced there. An additional 50 million euros will be spent on the construction of a new factory for the production of plastic sandals. For the new plant with only 400 and later 1000 jobs, Birkenstock is looking at three to four possible locations in eastern Germany and northern Bavaria. The decision is due in fall 2021, and production at the new plant is due to start in 2023.

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