Swiss Firm Geobrugg Invests Over 10 Million Euros to Expand Bodensee Facility Amid Calls for German Business Tax Relief

Geobrugg, a protective nets and barriers company based in Romanshorn, Switzerland, is investing over 10 million CHF (approximately 10.6 million Euros) to expand its production and logistics capabilities near Bodensee. The expansion involves building a new facility, 'Werk 2', covering 3,000 square meters for production and 3,100 square meters for storage, expected to create 30 new jobs operating in multiple shifts. The facility will feature a photovoltaic system with 1,777 solar modules generating 870 kWp and producing about 1.3 GWh annually, supplying energy to Geobrugg's two plants in Romanshorn. Additional infrastructure enhancements include public electric vehicle charging stations. This development coincides with the company's 75th anniversary, marking a milestone since Geobrugg pioneered wire mesh protection nets in 1951. Employing over 550 people worldwide across more than 50 countries, Geobrugg serves sectors including construction and motorsport.

Simultaneously, in Germany, Dennis Radtke, head of the CDU's social wing, has called for more substantial tax relief for both citizens and businesses. He suggested financing such relief by cutting subsidies and halting the expansion of the Mütterrente, amidst growing resistance within the Union faction against current government tax plans. Several members demand full compensation for cold progression next year. Recently, the federal cabinet approved a bill providing approximately 10 billion euros in relief, primarily benefiting families with children and low to middle-income earners. The combination of Geobrugg’s major investment near the German border and political discussions on tax cuts reflects important economic developments influencing the business climate in the region.