EANS-News: LPKF expands in Japan and China (with photo)
Garbsen (euro adhoc) -
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Global Expansion
Garbsen, 19 January 2011 - LPKF Laser & Electronics AG expects outstanding business figures for 2010. Turnover will probably be up 56 % to around EUR 79 million, with an EBIT margin of 19 %. The success of the Garbsen-based laser specialist is largely attributable to its booming export business. And the biggest market is China where most of the laser systems are used for electronics production.
LPKF Chairman of the Board of Managing Directors Dr. Ingo Bretthauer opened two new sales and service branches in Asia this week. LPKF already had six sites in China, and has now added a seventh branch office with its new sales and marketing office in Shanghai - in the dynamic center of the Chinese electronics industry. "Our clients have a right to expect us to be located nearby. It is essential for LPKF to have a dense sales and service network in our most important market," says Bretthauer.
The Japanese are considered to be the technical leaders in the electronics sector, and the Japanese market is renowned for its very high standards. The Japanese electronics industry innovatively occupies the prime segments of the electronic consumer goods sectors, and maintains this leading position by manufacturing all the critical components in its own country. This is why it is particularly important for Bretthauer that LPKF now has its own subsidiary in Japan. LPKF Japan K.K. in Yokohama to the south of Tokyo will not only strengthen the Group´s sales and service in Japan, but also generate important feedback on the latest electronic trends for the benefit of research and development work in Garbsen.
As part of the measures to concentrate the sales and marketing network, LPKF AG has transferred its stake in the French subsidiary to the local management, which will focus in future on selling Rapid Prototyping products. LPKF Deutschland will take over responsibility for the sale and marketing of laser systems in France and the Benelux countries.
LPKF Laser & Electronics AG is a technology company specializing in laser systems for micro-material processing. Founded in 1976, the Group has its headquarters in Garbsen near Hannover in Germany, and does business around the world together with its subsidiaries and representatives. LPKF has around 450 employees globally, of which 200 are in Garbsen. The shares of LPKF Laser & Electronics AG are traded on the Prime Standard of the Frankfurt Stock Exchange (ISIN 0006450000).
Pictures with Announcement: http://resources.euroadhoc.com/us/TKTZ35CT http://resources.euroadhoc.com/us/APUfZ8kA
end of announcement euro adhoc
Further inquiry note:
LPKF Laser & Electronics AG
Bettina Schäfer, Investor Relations
Tel: (05131) 7095-382
Branche: Semiconductors & active components
ISIN: DE0006450000
WKN: 645000
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade