Manz AG receives the largest single order to date in the Battery segment
10.06.2014 | Reutlingen
- Successful entry into the market sector of lithium-ion batteries for Consumer Electronics
- Innovative production technology enables advanced battery design with longer battery life
- Comprehensive technology portfolio of Manz AG and new acquired Manz Italy (formerly Arcotronics) impress customers
Manz AG, one of the world's leading high-tech engineering companies with an extensive technology portfolio covering the three strategic divisions of "Display", "Solar" and "Battery", has received the largest single order to date in the Battery business segment. With this order Manz AG has successfully entered into the rapidly growing Battery market sector for consumer electronics. The driving factor in this attractive market is the ever-increasing importance of the battery life, especially in premium segment devices. Manz AG also estimates the potential for follow-up orders to be correspondingly high. The order will primarily contribute to revenues and earnings in the second half of 2014.
With its extensive expertise and experience in engineering for lithium-ion batteries for e-mobility Manz AG was able to convince the customer. The foundations for the ground-breaking production technology of innovative batteries with a longer battery life were worked out in a previous development project. Core processes, such as the laser cutting and the rapid high-precision stacking of electrode sheets, developed and successfully introduced to the market in the past few years, were successfully transferred. Also the long-term experience of Manz Italy (formerly Arcotronics), acquired in May 2014, in the production technology of small size consumer electronic batteries as well as their leading technology for laminating separators came to the fore. Through this acquisition Manz AG has further enhanced its comprehensive technology portfolio. With this worldwide unique portfolio of all relevant technologies for the production of lithium-ion batteries, Manz was able to win the major order.
Dieter Manz, CEO and founder of Manz AG: "This order means for us entering into the rapidly growing Lithium-ion Battery sector for consumer electronics. Thereby we can quickly expand the Battery business segment as planned and are therefore not impacted by the recent sluggish development in the e-mobility sector.” The order received involves a fully integrated production line, where Manz AG is also providing essential elements of the process know-how. “The potential for follow-up orders is huge and will strengthen our leading position as an equipment and technology provider for the production of lithium-ion batteries,” Dieter Manz concludes.
With its entry into the market segment lithium-ion batteries for consumer electronics Manz AG is continuing to push forward the diversification of the company in order of being not impacted by the volatility of the individual business segments. Dieter Manz: "We will achieve record revenues in the Battery business segment with this large order as well as the consolidated revenues from the newly acquired Manz Italy. This development gives us reason to be very positive for the full year, enabling us to confirm our forecast of significant growth in revenues within the entire group and increased profitability."