Gruppo Lube expands its corporate headquarters in Passo di Treia: an investment of EUR 40 million is planned
For Gruppo Lube the year 2023 started on a positive note. In the first two months, the company recorded a +5% increase in turnover compared to the same period in 2022, a very important year from a commercial and economic point of view, in which their turnover rise by 10% to €272 million, as also they opened in Italy 600 Cucine Lube and Creo Kitchens single-brand stores.
Gruppo Lube thus confirms its leading role in the Italian market and in investments, having implemented a policy of continuous growth and expansion over the years, always focusing on innovation and technology.
Proof of this lies in the fact that the company is working on a major investment project involving the construction of a new production unit, close to the existing factory, dedicated to the design, production and shipping of kitchen furniture, living room furniture and wardrobes for the foreign market.
An investment of over 40 million euros that will have an employment impact of more than 50 people. Added to this are all the investments involving automation and digitization at 360°, such as the completion of the new automatic warehouse for a total of 18 million euros planned for 2023, to add to the 14 million euros of production investments made in last year.
Development, production and commercial investments as well as a strong focus on the market and consumption, these are the pillars of the success of the Gruppo LUBE achievements.