Manz AG receives follow-up order for display production equipment

05/19/2020 09:00:00 CEST, Reutlingen Order for wet-chemical equipment for display production | New follow-up order from one of China's largest display manufacturers

Manz AG, a global high-tech engineering company with an extensive technology portfolio, has received an order with a total volume in the low double-digit million euro range for display production equipment. 

The follow-up order from one of China's largest display manufacturers and a long-standing Manz AG customer includes wet-chemical equipment for the production of large-format displays on 8.6 generation substrates (2250 x 2610 mm). Around 60% of the order from the Electronics division will impact revenues and earnings in the current fiscal year. Manz AG's forecast for 2020 already includes the revenue and earnings contributions from this order.

Martin Drasch, Manz AG's CEO, commented: "We are pleased that our quality is convincing, that we enjoy the trust of leading industry players and that these companies have been among our loyal customer base for many years. Even in the current extraordinary situation, which is characterized by numerous restrictions due to the Covid-19 pandemic, we are still ready to serve our customers thanks to our global production network. They appreciate this very much and rely on our engineering skills and our many years of successful cooperation. For this reason, all commissioned projects are currently being continued as planned and new projects are being driven forward." 

Manz was awarded the current contract based on the reliability and high quality of its production equipment, as well as the very short ramp-up phases in past, successfully completed projects. With decades of expertise in wet-chemical processes and automation, Manz is well positioned in the Asian display industry.

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