Viessmann to invest EUR 200m in new heat pump factory in Poland

German heating systems maker Viessmann Group will spend more than EUR 200 million (USD 201.34m) on the construction of a factory for the production of green climate solutions and heat pumps in southwestern Poland.

The plant will be built in the city of Legnica and will supply heat pumps for the markets in Central and Eastern Europe to support the energy transition in the region and its independence from fossil fuels, especially Russian gas imports, Viessmann said on Thursday.

The construction of the factory with an area of about 50,000 square metres (59,800 sq yd) should be completed in 2023.

"On the way to becoming the leading European supplier of 100% renewable climate solutions, the development of the site in Legnica plays a central role. Through our historic investment, we will achieve a significant expansion of our production capacities, accelerate research and development, and drive forward the expansion of green air conditioning solutions with a focus on heat pumps," said Viessmann Climate Solutions' chief executive Thomas Heim.

The plan is part of Viessmann's strategy to invest EUR 1 billion in the next three years to expand its heat pump and green climate solutions portfolio amid growing demand.

The group noted that in addition to heat pumps, it is also driving forward the expansion of electricity storage, solar thermal and district heating capacities, among other things.

(EUR 1 = USD 1.007)

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