Manz Automation AG / Miscellaneous
11.04.2008
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
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Reutlingen, April 11, 2008 - Manz Automation AG is expanding its home
facility in Reutlingen by building another production hall with office
facilities. In addition, a customer center with a canteen and additional
conference rooms and offices are also being built. CEO Dieter Manz turned
the first sod at yesterday's ground-breaking ceremony for this construction
work - the largest to date in the company's history. This project has a
volume of around EUR 20 million and the new property is being financed via
a lease to ensure that it does not tie up additional company capital. This
step will allow Manz Automation to substantially increase its capacity at
its Reutlingen facility in order to meet demand, which is enjoying dynamic
growth.
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.'
Company profile
Manz Automation AG develops and manufactures systems and components for
automation, quality assurance and laser process technology. The company's
core competences are to be found in robotics, image processing, laser
technology and control technology. Manz Automation AG thus unites bundled
expertise from elementary technology areas to achieve optimum results for
its customers. The company has three divisions: photovoltaic
(systems.solar), LCD (systems.lcd) and components and OEM-systems
(systems.aico) for automation in various sectors of industry including the
life-science industry. Reutlingen-based Manz Automation AG was formed in
1987 and has branches in the USA, Taiwan, Korea, China, Spain and India. In
addition, the company owns production facilities in Tübingen, Slovakia and
Hungary. According to preliminary figures, the Manz Group recorded revenues
of EUR 71.2 million in fiscal year 2007, up almost 63% year-on-year. More
than 55% of revenues are recorded abroad, in particular in Asia.
Investor relations contact
Manz Automation AG
Birte-Christina Benecke
Tel.: +49 (0)7121 - 9000-21
Fax: +49 (0)7121 - 9000-99
E-Mail: bbenecke@manz-automation.com
cometis AG
Ulrich Wiehle
Tel.: +49 (0)611 - 205855-11
Fax: +49 (0)611 - 205855-66
E-Mail: wiehle@cometis.de
11.04.2008 Financial News transmitted by DGAP
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