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 glassonweb.com
Date: 8 March 2007
Source: Prnewswire.com

See more news about:

See more from these topics:

Others also read

As the world leading 100% fully tempered vacuum insulated glass, LandVac ensured the successful development of a military project.
Kohn Pedersen Fox (KPF) proudly supported the opening of MGM COTAI on Tuesday, February 13 2018. The resort is the latest addition to the MGM portfolio in Macau.
With various features including light weight, thin thickness, clear transparency, high safety, and extensive use in many aspects of building construction without regional limitation, LandVac has been well received by consumers.
As the launch pad for new products and technologies on window, door and facade in China, the 24th Windoor Expo will take place in Guangzhou from March 11 to March 13, 2018.
Considering the use of energy-saving glass as the determinant of a building’s power conservation, vacuum insulated glass currently offers the most outstanding performance in energy-saving. Among them, LandVac® is one of the best.
Recently, LandGlass is successfully selected into the list of the Innovative Large Enterprises of the City by the department of science and technology in Luoyang.

From industry

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

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

Add new comment