DGAP-News: LPKF Laser & Electronics AG / Key word(s):
Miscellaneous/Miscellaneous

20.03.2014 / 10:21

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LPKF sets up new subsidiary to cater to the growing market for laser
production machines in South Korea.

Garbsen, March 20, 2014 - LPKF is one of the leading providers of laser
systems for the production of electronic components worldwide. Approx. 70
percent of the company's profits are generated in Asia. In addition to
China and Taiwan, South Korea is also one of the laser specialist's most
important markets.

While LPKF already has seven service and sales subsidiaries in China,
distributors have been supplying South Korea so far. Due to the growth in
business, this next step will provide direct access to the South Korean
market.

"We already have an installed base of over 300 LPKF systems in South
Korea," explains Dr. Ingo Bretthauer, CEO at LPKF AG. "From 2014 onwards,
we will be able to attend to our clients' needs on-site with our own
service and sales employees."

Bretthauer has already found a Managing Director for the new subsidiary.
Peter Birkner will be responsible for the company's expansion in Seoul.
Prior to this, Birkner successfully headed the restructuring of customer
service as well as sales support on-site for a German solar company in
South Korea while taking into account the local and cultural circumstances.
The goal is to have about 20 qualified service and sales employees at the
new offices by the end of next year.

South Korea is one of the 20 most important economies worldwide. The
peninsular nation specializes in the manufacturing of technology products
and cars. Samsung, LG and Hyundai are just some of its most influential
companies.


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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  
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258610 20.03.2014