Press Release from 2023-05-24 / KfW IPEX-Bank
KfW IPEX-Bank supports growth of EDEKA Nordbayern-Sachsen-Thüringen
KfW IPEX-Bank is supporting strategic investment projects of the EDEKA Group Nordbayern-Sachsen-Thüringen (EDEKA NST) with long-term financing: Intralogistics facilities totalling EUR 143 million are being financed for a total of three logistics centres in Bavaria and Saxony:
- a plant of the manufacturer Witron headquartered in the Upper Palatinate for the new “West” logistics centre in Marktredwitz, in the Upper Franconia region of Bavaria,
- a plant of the manufacturer SSI Schäfer (headquartered in Neunkirchen) for the logistics centre in Hirschaid, also in Upper Franconia, Bavaria,
- another Witron plant for the building extension at the Berbersdorf site in Central Saxony.
The funds are coming from KfW’s Energy Efficiency Programme “Production facilities and processes” No. 292, which promotes these energy efficiency measures in the production facilities and processes of commercial enterprises.
The projects in Marktredwitz and Hirschaid are part of EDEKA NST’s current investment campaign, through which the regional company is investing a total of around EUR 600 million in modernising the logistics and production infrastructure. The new central warehouse in Marktredwitz is the heart of the modernisation programme and contributes to optimising the entire logistics network in the region. From the “freshness factory” in Hirschaid, more than 400 EDEKA markets in the region will be supplied with regional meat and sausage products, vegan fresh products, and cheese and fish from the start of 2025. A total of 420 new crisis-proof jobs will be created there, along with a wide range of training and study opportunities in the areas of quality and food management. Both projects will therefore make a significant contribution to securing EDEKA NST's future success.
Dr Velibor Marjanovic, Member of the Management Board of KfW IPEX-Bank: "As a transformation bank, KfW IPEX-Bank has been financing future technology for many years. We're delighted to be supporting the growth, modernisation and transformation strategy of our long-standing customer EDEKA with the help of KfW’s “Production facilities and processes” promotional programme. With this financing, we are underlining our aspiration to further drive forward future-oriented projects for the energy transition, while helping to secure and expand local jobs."