Hansgrohe has announced that it will invest more than £5 million in its UK subsidiary to build a new 40,000 sq ft headquarters in Warwick, UK. Hansgrohe said it would increase the number of employees in all areas, develop a product strategy for the UK market and strengthen its marketing plans.
Hansgrohe said its existing plant in Esher, Surrey, England, was no longer sufficient, and was only half the size of the new one. Jay Phillips, managing director of Hansgrohe UK, said: “This is exciting news for everyone associated with Hansgrohe UK. Hansgrohe UK’s new headquarters will be It will be completed and put into operation in July 2023.
Hansgrohe’s parent company, Masco, released its 2022 third-quarter report, showing that from January to September 2022, Masco achieved sales of US$6.757 billion (approximately RMB 48.9 billion), a year-on-year increase of 6%; Profits were US$1.112 billion, a year-on-year decrease of 6%. In terms of products, the sales of plumbing products from January to September were US$4.056 billion, a year-on-year increase of 4%.