The company will start construction of an assembly plant adjacent to its current premises in Crailsheim, Germany, to double its final assembly capacity.
Work will begin on the site this year and another factory for the production and pre-assembly of TLM sub-machines is planned for 2015.
According to Ralf Schubert, the firm’s objective is to double sales by the year 2020, and create about 300 jobs.
Its 2013 financial year results saw sales amounted to €153m, up €15m over the previous year. As in 2012, the company recorded a double-digit increase in sales. The group of companies recorded turnover of €272m for 2013.
Schubert invests up to €10m in research and development, to improve the top-loading packaging machine market.
Two brothers, Ralf and Gerald Schubert, head up the firm’s operative business, sharing responsibility for the company with their father, company founder Gerhard Schubert.
FoodProductionDaily.com contacted Gerhard Schubert on the expansion but the company declined to comment.