DGAP-News

Manz AG: Preconditions for CIGS orders definitively fulfilled - Seite 2

The granting of the official approvals has also led to the start of operations at the second newly established company - Suzhou Manz New Energy Equipment Co.,Ltd. The company is exhibiting for the first time at the world's most important photovoltaics trade show, the "SNEC PV Power Expo" which is currently being held in Shanghai. Suzhou Manz New Energy Equipment was founded by Manz AG, Shanghai Electric and the Shenhua Group in order to boost the marketing of CIGS technology in China. From now on the company has exclusive responsibility for the sales activities in China, will provide engineering services for future projects and will support in their early phases. Whereas both of the existing major orders were placed directly with Manz AG, potential follow-up orders from China will be placed with Suzhou Manz New Energy Equipment. The company's majority shareholder is Manz AG with a 56% holding. Future earnings and expenditure will accordingly be consolidated in the Manz Group's financial statements. In all other regions apart from China, CIGSfab will continue to be marketed exclusively by Manz AG.
Company profile:

Manz AG - passion for efficiency


As a globally active high-tech equipment manufacturer, Manz AG, based in Reutlingen, Germany, is a pioneer in the provision of innovative products in fast-growing markets. Founded in 1987, the company has expertise in six technology sectors: automation, laser processing, screen printing, metrology, wet chemical and roll-to-roll processing. Manz deploys and continuously develops these technologies in three strategic business segments: Electronics, Solar and Energy Storage.

The company is headed up by its founder, Dieter Manz, and has been listed on the stock exchange in Germany since 2006. It currently develops and produces in Germany, China, Taiwan, Slovakia, Hungary and Italy. It also has sales and service branches in the United States and India. Manz's motto "passion for efficiency" sums up its promise of production systems with the highest levels of efficiency and innovation for its customers in dynamic, future-oriented industries. With its comprehensive expertise in developing new production technologies and related machines, the company contributes substantially to reducing production costs for end products and making them accessible to large groups of buyers the world over.