• Slider
  • GROHE Grows Strongly and Continues to Invest

    Daniel Fountain
    • 0

    GROHE achieved respectable growth in the last half of 2010. Consolidated sales increased by 24% to €490 million. Earnings before interest, taxes, depreciation and amortisation rose by 51% to €97 million. GROHE is planning to invest roughly €1.3 million in the expansion of the new Research and Development Centre in Hemer, which will be equipped with state-of-the-art future technology. The R&D Division, which is partly still based in Menden, will move to Hemer and be concentrated there.

    Having invested more than €25 million in the German plants over the past years, GROHE will further strengthen its German base through this new Research and Development Centre. Moreover, GROHE will hire another 300 people for its global sales organisation.

    Daniel Fountain / 12.09.2010

    Editor, Hotel Designs

    Share

    • 0