Advanced Energy Announces Plans to Close Stolberg, Germany Factory and Further Optimize Global Operations

Advanced Energy Industries, Inc. announced plans to transfer manufacturing operations from the Stolberg, Germany site to the Company's manufacturing locations in Shenzhen, China, and Fort Collins, Colorado, and subsequently close its Stolberg facility.

Product design, sales and service functions will be reassigned to the Filderstadt, Germany and Fort Collins, Colorado locations. This transition is expected to be completed by October 31, 2007.

Hans Betz, president and chief executive officer of Advanced Energy, said, "While the Stolberg facility has contributed to our success over the years, our strategy to drive operational efficiencies on a global scale is clear, and we faced a difficult decision whether to invest in an expansion of our factory in Germany or leverage the infrastructure that we have built in China. As a result of this decision, we will narrow our focus in operations and achieve greater efficiencies in the long term by transferring these lines to our high volume manufacturing facility in Shenzhen, China, and our advanced manufacturing facility in Fort Collins, Colorado."

Mr. Betz continued, "This is a difficult decision for the Company, given our talented workforce in Stolberg. The transition will impact approximately 65 employees over the course of the next several months. The Stolberg team has been a dedicated group of employees, committed to meeting our critical objectives, and we thank them for their hard work."

Read the entire news on the source link below.

600450 Advanced Energy Announces Plans to Close Stolberg, Germany Factory and Further Optimize Global Operations

See more news about:

Others also read

LandGlass Won the Silver Award at “The Third China Dual-use Technological Innovation Application Contest”.
The 2019 exhibition will be held in Guangzhou-Pazhou-Canton Fair from August 22nd to 24th.
Recently, LandGlass was named as one of the “Outstanding Private Enterprises in Luoyang - High Growth Innovative Entities” by the CPC Luoyang Municipal Committee and the People’s Government of Luoyang Municipality.
On November 22, the municipal office of civilization and office of credibility held the “2018 Credible Private Enterprises” commendation conference at the 2nd floor conference room of the Luoyang city hall.
Permasteelisa S.p.A welcomes the LIXIL Group Corporation’s announcement about the agreement with Grandland Holdings Group Limited, a leading Chinese architectural design and construction company, to terminate planned Permasteelisa transaction.
Asia’s No. 1 fenestration exhibition - FENESTRATION BAU China 2018 (”FBC”) concluded on November 3, 2018 in Beijing.

From industry

Is Kuleleri, Kule: 2, Kat: 22, 4. Levent
34330 Levent-Istanbul/İstanbul

No. 160 Yichuan Rd.,
Jiaonan Shi
Qingdao Shi
Shandong Sheng, 266000

Add new comment