11 April 2019 Manz AG: Successful SOP at leading Chinese display manufacturer
April 11, 2019 at 03:28 pm IST
Share
11.04.2019 11:05:00 CEST, Reutlingen Ramp-up of Manz equipment in record time; formal inauguration of production line at HKC | Smooth implementation proves Manz's performance capabilities in handling large-scale projects
Manz AG, a global high-tech equipment manufacturer with an extensive technological portfolio, has proven its performance capabilities in handling large-scale projects in an impressive manner. Manz's Electronics business segment is currently involved in a major contract with a total volume of 90 million USD (approx. 76 million euro) for wet-chemical processing equipment for manufacturing large-format displays of generation 8.6 substrates (2250 x 2610 mm) with HKC, one of the top 3 display manufacturers on the Chinese market. HKC was able to produce the first LCD TV panel only 69 days after the start of installation of equipment used in wet-chemical exposure, the heart of a display production line. The industry standard for this process is a timeline of 90 to 100 days. Manz AG has a good business relationship with HKC for many years already. Manz received the current order in August 2018, thanks to its decades of expertise in wet-chemical processes and automation, its reliability, and its very short ramp-up phase.
Martin Drasch, CEO of Manz AG, is proud of the project: 'Smooth and speedy implementation of this important sub-project is an impressive proof that we, as a mid-sized high-tech equipment manufacturer, can handle large-scale turnkey contracts in Asia on schedule and in record time. This is just one result of our strategy of offering German engineering expertise at locally competitive prices with our locations and qualified employees on site. We would like to congratulate HKC on reaching this milestone!'
Delivery and final acceptance of all machines for the current large-scale order are slated for completion in the second half of 2019. Around 30 % of the order has already been booked to revenues and earnings in 2018, and around 70 % will be booked in the current fiscal year. The Manz AG 2019 forecast already includes revenues and earnings from this order.
Back to overview
Attachments
Original document
Permalink
Disclaimer
Manz AG published this content on 11 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 April 2019 09:57:05 UTC
Manz AG is a Germany-based company engaged in manufacturing high-tech equipment. The Company's business activities are divided into five segments: Solar, Electronics, Energy Storage, Contract Manufacturing, and Service. The Company specializes in automation, vision and metrology, laser processing, wet chemistry, and roll-to-roll processes. It offers manufacturers and their suppliers manufacturing solutions in the areas of photovoltaics, electronics and lithium-ion battery technology. The Company's product portfolio includes both customer-specific developments and standardized machines and modules that can be linked together to form individual system solutions. The Company operates globally, with development and production facilities in Germany, Slovakia, Hungary, Italy, China and Taiwan, as well as sales and service branches in the United States and India.