Thu, Feb 22nd 2024
YADOS GmbH, a Hoval subsidiary, embarks on a transformative €20 million investment to expand its Hoyerswerda site with cutting-edge, networked heating technology.
YADOS GmbH has claimed in their press release that they will double production. YADOS, a subsidiary of Liechtenstein company Hoval, announced their lighthouse project, a 20 million euro investment into their state-of-the-art networked heating technology, as they expect demand to keep up with their production. YADOS had sales of 60 million euros in 2022.
With over ten years of energy distribution under their belts, they are scaling up with an additional location that includes two factories of 2,500 m2. The project will commence at the beginning of Q1 of 2025.
The next expansion stage of the Hoyerswerda location is a further milestone for us in the consistent bundling of our competencies to provide holistic and economical supply solutions with reliable delivery jointly
Fabian Frick, co-CEO of the Hoval Group
Hoval heat pump technology serves as the basis for Yados’s locally controlled heating stations. The new buildings expect performance between 1kW and 500Kw.
With optimism for their future, Yados believes their staff will almost double from the current 320 to over 600 in the medium term. Driving regional job growth in Lusatia.
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