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HONOLD AND LTS FOUND JOINT VENTURE FOR AEROSPACE LOGISTICS

28.02.2017 Augsburg / Neu-Ulm / Nordenham. Honold – “Logistik ist grünne” has founded a 50% joint venture with LTS, Nordenham for the logistical processing in the Aerospace / Defense business area in Augsburg / Bavaria.

The 50% joint venture will invest over € 14 million at the Augsburg site and will hire 150 new employees. The logistics will be carried out in a new logistics center on approximately 17,000 square meters, built by the client. The joint venture invests u.a. in one of the most modern automatic container storage of the Austrian manufacturer TGW.

The container warehouse is installed as a technical innovation directly in SAP EWM with SAP MFS without any additional material flow computer. Logistics is responsible for the production supply (Just in Sequence), the internal plant logistics as well as the provision for the distribution to the European works of the client.

The project places the highest demands on quality and reliability. Both companies are already active in the aerospace environment for customers in the aerospace and defense sector. The joint venture bundles the know-how of both SMEs for this project. Both partners are owner-managed family businesses, and have a partnership. Both companies have been involved in the Augsburg site for many years.

Further information will be published later at a press conference.

Honold – logistics is green: development of logistics real estate, logistics and transport. Ecologically oriented logistics in the SAP environment with the claim to be a technological benchmark. 1,200 employees, more than 750,000 square meters at 22 locations. Green, as a signal color, is a sustainable way of dealing with nature and technical competence. Honold is 100% family run. Honold has invested over 35 million euros in logistics in 2016.

LTS, Nordenham is an owner-managed technology company within the A & T group of companies, Nordenham, and operates in the wind energy, aviation, energy, equipment and jig industries. In the own development and construction extensive projects are processed. Another focal point of the company’s activities is plant logistics for customers in the high-tech and aviation sectors. LTS, Nordenham, is 50% owned by WISAG AG. WISAG AG is a leading German industrial service provider.

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