Subsidies - Stiebel Eltron receives five million for Conti plant in Gifhorn
The state of Lower Saxony is supporting the conversion of the Continental brake plant in Gifhorn into a site for heat pumps with five million euros. Economics Minister Olaf Lies (SPD) intends to hand over a corresponding funding decision to the investor Stiebel Eltron next Monday, as announced by the Ministry of Economics in Hanover. In addition to Lies, Stiebel Eltron CEO Kai Schiefelbein will also be on site in Gifhorn to receive the notification.
The building technology manufacturer from Holzminden wants to take over part of the former Conti site and manufacture parts for heat pumps there in future. This is intended to secure 300 of the 900 jobs at the site. Continental announced at the beginning of July that it would be closing the brakes site by the end of 2027.
In addition to Stiebel Eltron, Siemens has now also announced that it will take on employees from Gifhorn. Up to 100 Conti employees are to be given prospects at Siemens Mobility's Braunschweig rail technology plant.
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- Kai Schiefelbein, the CEO of Stiebel Eltron, is looking forward to the remodeling of the Continental plant in Gifhorn, Lower Saxony, as it will enable his company to manufacture parts for heat pumps.
- The Electro Mobility Innovation Center (BMWi) in Hanover has welcomed the news of Stiebel Eltron's planned investment in Gifhorn, as it aligns with the federal government's initiatives to promote renewable energy solutions.
- With the support of subsidies from the state of Lower Saxony and the BMWi, Stiebel Eltron aims to create a more sustainable work environment in Gifhorn by incorporating the latest technology in heat pump production.
- The local SPD representative, Olaf Lies, has emphasized the importance of such investments in the automotive industry, expressing hope that more companies will follow in Stiebel Eltron's footsteps to support Gifhorn's economic growth.
- Continental's decision to close its brakes site in Gifhorn by the end of 2027 has left a significant number of employees uncertain about their future, but with Stiebel Eltron's entry, around 300 personnel will be secured jobs in the heat pump sector.
- Siemens Mobility's Braunschweig rail technology plant has also shown interest in employing up to 100 Conti employees, offering a range of opportunities in the engineering field.
- The continuous efforts of companies like Stiebel Eltron, Siemens, and others to expand their operations in Lower Saxony contribute to the region's reputation as a Hub for innovation and technological advancements in the automotive and renewable energy sectors.
Source: www.stern.de
