Ground-breaking ceremony to increase production capacity at Reutlingen facility
The building will house 65 workshop workstations as well as 240 office workstations, which are to be occupied when the building is completed at the end of 2008. In total, the new building has a usable area of around 9,100 m². This comprises 3,787 m² of production space, which is to be used for future growth, and almost 2,800 m² of warehouse space for production material and end products. A further 2,500 m² will be available as offices and conference rooms. The existing buildings will also be partially converted into a technology and training center for employees and customers. The company is thus reinforcing its research and development and sales and marketing departments.
Dieter Manz pointed towards further growth at the ground-breaking ceremony: "Expanding our capacity is the logical consequence of our constantly growing order book. As we are also forecasting substantial growth in future, we have secured further space at our Reutlingen facility at an early stage. This will allow us to expand our capacity still further in the coming years and to hire additional employees."
Reutlingen-based Manz Automation AG (ISIN: DE000A0JQ5U3) is one of the world's leading technology providers in terms of market shares for systems for automation, quality assurance and laser process technology for the photovoltaic industry and for automation and wet chemicals for the LCD industry. The Manz Group's core competences are in robotics, image processing, laser technology, wet chemicals as well as control and drive technology. The Manz Group's key strategic divisions are photovoltaic (systems.solar), LCD (systems.lcd) and OEM systems (systems.aico) for automation in various industrial sectors and the life science industry. The Manz Group has sales and service branches in Germany, Taiwan, the USA, China, South Korea, India and Spain. In addition, the Manz Group has its own production facilities in Germany, Slovakia, Hungary, Taiwan and China. The Manz Group recorded revenues of € 71.2 million in fiscal year 2007 with an EBIT margin of 14.1%. More than 57% of revenues were generated abroad, in particular in Asia. The Manz Group recorded revenues of € 101.6 million and an EBIT margin of 11.8% in the first half of fiscal year 2008.