Schwaz (Tyrol/Austria) 16 April, 2024 – The Tyrolit Group is expanding its production site in Stans and investing 15 million euros in a new, highly innovative production line. Tyrolit CEO Thomas Friess on the investment in the future: "The ground-breaking ceremony for the expansion of Plant 5 represents an important step for the site. We are investing in the technologies of tomorrow and are recognising our roots in the region by expanding our production capacities." The newly created area will provide space for new, highly innovative machines from autumn 2024. Furthermore, the plant expansion is just one of several initiatives within the EU - the sites in Germany, Italy and Belgium were recently modernised or expanded.