GA Trade May-Jun interactive - page 6

Supermarket ChainAldi
BuysMorenoValley Site
for aHeadquarters
Supermarket chainAldi, which plans
to open 650 new stores in the U.S. in
the next five years, has acquired a
55-acre site inMoreno Valleywhere
it will build its Southern California
regional headquarters. Aldi, which is
based in Batavia, Ill., will construct
an 850,000-square-foot distribution
center east of the 215 Freeway at
Redlands Boulevard that is intended
to serve about 200 stores in the
region, real estate brokerage the
Klabin Co. said.
Schwalbe StartsNorth
American Subsidiary
Schwalbe has strengthened its
position inNorthAmerica consider-
ablywith the acquisition of its long
term distribution partner Moser
Enterprises. For 15 years the Victoria,
Canada based company has been
Schwalbe's exclusive distributor
for the NorthAmericanmarket.
Managing Directors Celeste
Steindl-Moser and KlausMoser
will continue tomanage the brand
alongside their team.
Lufthansa Technik to
OpenNewAircraft Overhaul
Facility in Puerto Rico
Lufthansa Technik and the Common-
wealth of Puerto Rico announced an
agreement to create a new aviation
maintenance, repair and overhaul
("MRO") facility in Puerto Rico,
whichwill service short-haul and
medium-haul aircraft. Agreements to
this effect have now been signed
with the government of Puerto Rico
and the responsible port authority
and the company plans to start work
in the next threemonths on the
construction of the new facility.
EWCWeather Consult GmbH
Enters U.S. Market
EWCWeather Consult GmbH, a
Germanweather service provider,
plans to enter the U.S. market and
present its wind andweather data
management solutions towind
power developers in the country. The
company plans to launch its "mea-
sure correlate predict" process for
windmeasurements alongwith a
simulation tool for virtual expansion
scenarios using renewable energies.
The company says the wind potential
analysis, which is already established
on the Germanmarket, will now be
complementedwith comprehensive
wind and yield time series in the U.S.
as well.
Investments and Expansions
Polarion Software Inc Nabs
$10M in Series a Funding
from Siemens
Polarion Software Inc has secured
$10million in its first funding round
fromGerman investment firm
Siemens Venture Capital. The capital
infusionwill fund the startup's
global expansion, according to
SiliconValley Business Journal.
Polarion chief Frank Schroeder said:
“Siemens’ investment in Polarion
underscores the need for enterprises
in industries like automotive, medical
devices, electronic engineering,
telecoms, manufacturing and
aerospace, to gain a 360-degree view
of a project's history, current trends
and potential challenges. Marking
Siemens' first foray into application
lifecyclemanagement (ALM), this
milestone investment will help
Polarion bring its highly sought-after
platform to an even greater share of
themarket."
BMW to Invest $1 Billion
to ExpandU.S. Production
by 50 Percent
BMWwill expand production
capacity in the United States by 50
percent and introduce another new
offroadmodel, the German luxury
carmaker said on Friday, inwhat
amounts to a $1 billion bet on sport
utility vehicles (SUVs). BMW said
that as well as the newX4 SUV, its
U.S. factorywouldmake a newX7
SUV. Ramping up production
capacity at Spartanburg, South
Carolina to 450,000 cars by 2016will
make it BMW's largest factory, the
company said.
KOSTERAmerican Breaks
Ground on $4.6MVirginia
Expansion
Located in Oceana South Industrial
Park, German-based KOSTER
purchased their original
14,000-square-foot facility in 2004.
In 2013, the company purchased an
existing 8,000-square-foot building
to serve as the first phase of their
expansion. NowKOSTER is entering
the next expansion phase with the
construction of a 14,000-square-foot
production facility. The companywill
invest more than $4.6million in
improvements to the site andwill
also hire six additional full-time
personnel.
BMW Expands U.S.,
ChineseOutput, Plans to Sell
2-MillionVehicles in 2014
BMW, the world’s largest premium
carmaker is looking to expand
production capacity at its plants in
the United States and China, as the
German automaker reaffirmed the
company’s target to sell more than
twomillion vehicles this year.
T R A N S A T L A N T I C T I C K E R
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GermanAmerican TradeMay/June 2014
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