ThermHex reports a €1 million capital increase

The business growth follows new investments to further optimize and expand ThermHex’s digitalization of its honeycomb core production processes.


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ThermHex honeycomb core products.

Photo Credit: ThermHex Waben GmbH

Honeycomb core producer ThermHex Waben GmbH (Halle, Germany) reported on Feb. 22 that it has increased its capital to €1 million, a sum which was previously approved in 2020 by its parent company, EconCore N.V. (Leuven, Belgium), during a shareholders meeting. The €900,000 increase has now been entered in the commercial register before the end of the financial year. According to ThermHex, with its successful financial year and the capital increase, the company is strengthening its position in the market.

In the coming business year, ThermHex says it is planning some profound investments, all with the aim of further optimizing and expanding the automated and continuous production process of its honeycomb cores and driving forward the digitalization of its business processes.

In particular, the planned investments will also support the resource-efficient production process of the honeycomb cores. ThermHex adds that certification as a CO2-neutral company in accordance with DIN EN ISO 14001 is imminent.