Automotive glass manufacturer Carlex is investing 25 million euros in a new production line at its Grevenmacher plant.
The investment comes as a result of an agreement with the Economy Ministry, which provides financial aid for energy savings of up to 9%.
“This modernisation is important, not only because it confirms the confidence of the group’s leaders in the Luxembourg site, but also because it fits perfectly with the Luxembourg debate on growth,” said Etienne Schneider.
He added that the modernisation project should make the firm more competitive and reduce energy consumption by 27%.
Carlex manufactures products for high-end vehicle brands such as Volkswagen, BMW, Mercedes, Porsche, Audi, Lamborghini, Bentley and Jaguar.
While the project will not create new jobs, it will bring new technology to the site, which was built in the early 1990s and expanded in 2001 and 2004.
In 2014, Carlex bought the Luxembourg site of US manufacturer Guardian. Today, it is part of the Central Glass Group headquartered in Tokyo.