01/24/2007 07:30:00 CET
Manz Automation AG is one of the world's leading producers of automation, quality assurance and laser process technology systems for the photovoltaic and LCD industry and is significantly expanding its Reutlingen facility. As a result of the company’s dynamic growth, it is planning to build an additional production hall including an office area by September 2007. The building will house approx. 150 employees. In order to reduce the amount of capital locked up, Manz Automation AG will lease the new land and buildings.
“As a result of our continued strong order book we are expanding our home base two years earlier than originally planned,” commented CEO Dieter Manz, and added: “This allows us to create new jobs for engineers and specialists, and also to process additional orders – further growing both our sales and income.” The new facility has a total area of approx. 11,200 m², the building will have a usable area of approx. 4,800 m². The lessor is expected to invest a total of EUR 3.5 – 4.0 million.