05 October 2012

AFG investing CHF 2 million in its Hagenbach location in Alsace, France

A r b o n - 05 October 2012 – AFG Arbonia-Forster-Holding AG is investing approximately CHF 2 million in the development of Arbonia at its Hagenbach location in the Alsace region. The market in France is the third largest for radiators in Europe, so it is a strategically important growth market for the Heating Technology and Sanitary Equipment division. 

In mid-September 2012 the new offices of Arbonia France Sàrl were inaugurated. AFG is investing approximately CHF 2 million in the new Hagenbach location in the Alsace region. The showroom, office and warehouse space at the new branch office is more than twice the size of the previous premises.

Achieving growth in international markets is one of the most important aims in coming years. France is an important radiator market for AFG, so the prospects for growth here are quite attractive. Personnel have been added to the sales and marketing organization, and investments have been made in the logistics chain. Among the division’s innovative products are the energy saving Kermi X2 radiator and the high quality Arbonia Decotherm Plus, which is produced in one of the most modern production plants in Switzerland.

The Heating Technology and Sanitary Equipment division is the largest division of Arbonia-Forster-Holding AG, and has production plants in Switzerland, Germany and the Czech Republic. Kermi, Arbonia and Prolux are leaders in the areas of room heating and/or shower systems in many European countries. 

AFG is a leading technology-driven, internationally active construction materials and machinery group. The company has its head office in Arbon, in the canton of Thurgau (Switzerland), and is quoted on the Swiss Stock Exchange (SIX). It has about 50 production and distribution companies and is active worldwide, with offices and partners in over 70 countries. In the 2011 business year, AFG had a workforce of 5,800 and achieved a turnover of CHF 1347.4 million and earnings before interest and tax (EBIT) of CHF -34.3 million. 

Source: AFG