Manz Automation AG: Highly successful trade fair in Milan
- New orders totaling € 17 million acquired
- Manz Automation to be a global solar cell manufacturer's "Preferred Supplier" in future
- Metallization line successfully launched on market
Manz Automation AG, one of the world's leading producers of automation, quality assurance and laser process technology systems for the photovoltaic and LCD industry, acquired a large number of new orders at the 22nd European Photovoltaic Solar Energy Conference and Exhibition in Milan. During this conference, Manz concluded orders with a total volume of € 17 million. In addition, Manz Automation AG was selected as "Preferred Supplier" and "Global Automation Partner" for a leading global solar cell manufacturer with branches in the USA, India and Spain. Both companies agreed a master agreement for a long-term strategic alliance which will open up additional sales and earnings potential for Manz Automation. An initial order for the automation of a production line in India has already been placed.
Manz Automation introduced its new metallization line, which offers significant quality and capacity advantages for the production of crystalline solar cells, thus once again underscoring its innovational prowess. Launching this machine means that Manz is able to supply the entire back-end for a production line. This elevates the percentage of the total investment in a production line for crystalline silicon solar cells that Manz can supply to up to 60%.
Dieter Manz, Manz Automation's CEO, is very pleased with the trade fair: "Feedback from our customers was impressive. We are very pleased with the repeat follow-on orders from Schott Solar and Eton and the initial order from Evergreen. Our existing customers' trust and the rapid expansion of our customer base underscores how highly satisfied our customers are with our equipment and also our excellent position on the market."
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.