Birkenstock invests 110 million euros in the construction of a shoe factory in Germany
15.09.2022 3994

Birkenstock invests 110 million euros in the construction of a shoe factory in Germany

Birkenstock has begun the third phase of building a new shoe factory in northeastern Germany at Pasewalk and is investing 110 million euros in the project, noting that such an investment is "by far" the largest individual investment in the company's history.

The groundbreaking ceremony for the Birkenstock factory, partly owned by investment company LVMH L Catterton, was attended by German Minister of Economy, Infrastructure, Tourism and Labor Reinhard Meyer.

Construction of the new Birkenstock facility began last spring. The brand announced last year that it intends to invest about 100 million euros in the factory project, but the cost of the investment is believed to have risen sharply. “When we started planning our new plant just under a year and a half ago, the world was different. Therefore, I am all the more grateful to our leaders that the project is still on schedule despite inflation, commodity market turmoil, supply bottlenecks in the construction sector,” commented Mark Jensen, Chief Technology Officer (CTOO) of the Birkenstock Group.

The factory should be put into production in the third quarter of 2023. The new enterprise will create about 1000 new jobs in the medium term.

Birkenstock has begun the third phase of construction of a new shoe factory in the north-east of Germany, in Pasewalk, and is investing 110 million euros in the project, noting that such investments are…
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