German wire and cable maker Helukabel GmbH has invested more than USD 38 million to increase its global presence in 2017, including breaking ground for a new headquarters for Helukabel USA in a Chicago suburb.
December 5, 2017
In separate moves, the firm has expanded its manufacturing facility in Windsbach, Germany, and recently opened subsidiaries in both Mexico and Brazil. Helukabel’s new U.S. headquarters represents an USD 8 million investment with room to expand beyond 200,000 square feet if future growth dictates. The site will open with about 20 full-time employees. A company spokesman said via email the firm had maxed out its previous 45,000-square-foot headquarters in nearby Elgin, Ill.
The building will have state-of-the-art energy efficiency systems in place. The spokesman added that the firm will be able to increase operational efficiency with improved workflow as well as a dedicated spooling rack space for high-volume items.
