06/12/2013 09:57:24
LPKF extends its laser plastic welding business
LPKF Laser & Electronics AG / Key word(s): Real Estate 12.06.2013 / 09:57 --------------------------------------------------------------------- Laser specialist invests 14 million euro in new production and office spaces Garbsen, 12th June 2013 - LPKF is one of the leading global suppliers of laser welding systems for plastics. This product area has been growing rapidly for a number of years. Revenue growth was hindered recently due to capacity bottlenecks at the location of Erlangen. This week the board of directors of the LPKF Group sealed the planned move to a new production and office building by signing a purchase contract. At around 10,000 m² the new premises in Fürth is more than twice as big as the previous location and offers further potential for expansion. According to Frank Brunnecker, head of the Laser Welding Department, one priority is a marked reduction in delivery times: 'We don't want to test the patience of our clients any longer. And we definitely don't want to reject any orders due to capacity limits!' Production should already be starting in Fürth by August this year; all of the 125 employees will have been permanently relocated by 2014. 'This investment in the premises in Fürth is, at a cost of up to 14 million euro, the biggest single investment in the history of the company,' explains CEO Dr. Ingo Bretthauer. This clearly illustrates the growth potential LPKF attributes to laser plastic welding. Laser plastic welding is replacing the conventional joining processes in many areas such as bonding or ultrasonic welding. Production is increasingly being shifted to laser welding procedures, particularly in the automotive, pharmaceutical technology and consumer sectors. About LPKF LPKF Laser & Electronics AG specializes in the production of laser systems for micro material processing, a field in which it is the world leader in several sectors. Founded in 1976, the Group has its headquarters in Garbsen near Hannover in Germany and does business around the world together with its subsidiaries and representatives. LPKF has 706 employees globally. The shares in LPKF Laser & Electronics AG are traded on TecDAX index of the Frankfurt Stock Exchange (ISIN 0006450000). End of Corporate News --------------------------------------------------------------------- 12.06.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: LPKF Laser & Electronics AG Osteriede 7 30827 Garbsen Germany Phone: +49 (0) 5131 7095-0 Fax: +49 (0) 5131 7095-95 E-mail: investorrelations@lpkf.com Internet: www.lpkf.com ISIN: DE0006450000 WKN: 645000 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 215984 12.06.2013