Gebr. Schmid purchases shares in SierraTherm
At the end of 2008, Gebr. Schmid GmbH + Co. concluded an agreement to become the majority shareholder in SierraTherm Production Furnaces, Inc. of Watsonville, CA, USA.
Gebr. Schmid was founded in 1864 in Freudenstadt, Germany, as an iron foundry and mechanical workshop. Schmid develops and produces equipment in three business sectors -- solar and photovoltaics, printed circuit boards and flat panel displays -- in state-of-the-art facilities in 13 locations worldwide, of which 3 locations are in Germany. In the photovoltaic sector Schmid is now the global market leader, supplying production equipment for wafer production, cell production, and module assembly -- from individual equipment to complete turnkey factories. Schmid has approximately 1,800 employees worldwide. The company's sales volume was 400 million Euros in 2008.
SierraTherm Production Furnaces, Inc. is headquartered in Watsonville, CA, USA and manufactures a wide variety of thermal processing and APCVD thin film deposition equipment for both the electronics industry as well as for solar cell production. SierraTherm was founded in 1992 and is a world leader in the design and manufacture of innovative, precisely controlled conveyor furnaces. Approximately 140 SierraTherm employees work at the headquarters in Watsonville, CA.
About SCHMID Group | Gebr. SCHMID GmbH
Solar/Photovoltaics, Printed Circuit Boards and Flat Panel Display:
Quality and Innovation out of Tradition
Gebr. Schmid was founded in 1864 in Freudenstadt, Germany, as an iron foundry and mechanical workshop. For almost 100 years Schmid manufactured machines for the wood-working industry. Since 1965 brushing machines for the printed circuit board industry added to the portfolio; 10 years later woodworking machines ceased to be manufactured by Gebr. Schmid.
The following years were marked by continuous innovation and expansion, mainly focussed on the demands of the printed circuit board industry. In 1998 with production of the first systems for the flat panel display sector the Schmid cleanroom went into operation.
Since 2001 Schmid´s new business field, photovoltaic, is a big success story worldwide. Schmid delivers— meanwhile as world market leader in this segment—production equipment for wafers, cells and modules.
From the Single System up to the Complete Turnkey Shop
In the three business fields Solar/Photovoltaics, Printed Circuit Boards and Flat Panel Display Schmid develops and produces in most modern plants around the globe at total 13 locations (3 of them in Germany) with approx. 1,800 employees a wide range of innovative production equipment and special purpose machines: from the single system up to the complete turnkey shop.
– more than 1,800 staff at total 13 locations (3 of them in Germany)
– company turnover in 2008: 400 Mio. EUR +
– ca. 18.000 m² (Freudenstadt)
– ca. 3.000 m² (Niedereschach/STN)
– ca. 1.500 m² (Schwetzingen/STS)
– ca. 6.000 m² (Taiwan)
– ca. 4.500 m² (China: Shenzen)
– ca. 6.000 m² (China: Dongguan)
– ca. 15.000 m² (China: Dongguan)
– ca. 40.000 m² (China: Zhuhai)
– DIN EN ISO 9001-certified