“Expanding and modernizing our capacities are important elements of our growth. Innovative logistics, automation and digitalization will help us improve our performance and our productivity,” said Klaus Keysberg, chief executive officer of thyssenkrupp Materials Services, in a statement. “That means we can cater even better to the individual requirements of our customers while they can concentrate on their core business.”

Groundbreaking for the warehouse in Germany is planned for the end of 2019, and the new logistics and processing center is scheduled for 2021 completion. The company’s expansions in Hungary and Poland are scheduled for operation by the end of September.

Read the press release here.