IAV Expands Chemnitz Development Center

August 9, 2012 // Berlin – IAV is extending its activities in Chemnitz and will be opening a new development center in 2014. This will give the company a basis for further growth. Costing around € 30 million, the project is set to start in August 2012. When the first construction phase is completed, the development center will create around 150 additional jobs.

Traditionally an automotive hub, Chemnitz has been one of IAV’s operating bases since as long ago as 1990. “In these 20 years or more, our development center has grown so much that we are bursting at the seams with our activities at the Kauffahrtei site”, explains Michael Schubert, President and CFO at IAV. “This is why we have been looking around for larger premises with the potential we need to expand our development center in Chemnitz and create new jobs.”

The choice went to “Stollberger Tor” industrial park which is located on the outskirts of Stollberg and, with access to the A 72 freeway, has excellent infrastructure links. There are also plans to extend the “City-Bahn” metropolitan rail line from Chemnitz to the “Stollberger Tor” industrial park which means that even with public transportation it will only take 30 minutes to get to the new development center. “This makes the IAV’s new base easy to reach for staff and customers alike”, says Dr. Andreas Singer, head of the Chemnitz operation. “The location also offers very good shopping and childcare facilities for our staff.”

Over the next few years, IAV will be constructing a new development center with office and technical buildings on the 7.3 hectare site. “The new workshops as well as state-of-the-art test benches for components, combustion engines and electric motors will make the operation fit for the future”, says Kurt Blumenröder, IAV’s President and CEO. “This is where we will be able to develop fuel-efficient combustion engines and environment-friendly alternative drives.” Creating additional jobs, IAV is investing around € 30 million in the first phase which will take until 2014 to complete. Further extensions are planned up to 2020. Over 600 staff currently work at Chemnitz.

About IAV:

Employing over 4,500 members of staff, IAV is one of the world’s leading providers of engineering services to the automotive industry. The company has been developing innovative concepts and technologies for future vehicles for over 25 years. Core competencies include production-ready solutions in all fields of electronics, powertrain and vehicle development. Clients include all of the world's premier automobile manufacturers and suppliers. In addition to development centers in Berlin, Gifhorn and Chemnitz, IAV also operates from other locations in Europe, Asia as well as North and South America.