Manz AG
Manz AG: Order for second tranche from AKASOL for a module production line at US location
Manz AG: Order for second tranche from AKASOL for a module production line at US location
Reutlingen, August 20, 2020 – Manz AG, a global high-tech engineering company with an extensive technology portfolio, has received the second tranche of an order from the German company AKASOL AG for assembly lines to produce lithium-ion battery modules. Back in February, AKASOL had ordered the first tranche for a module production line for the new Gigafactory 1 in Darmstadt. A second, identical module production line for the Gigafactory 2 at the US-American location of AKASOL AG in Hazel Park, Greater Detroit, has now been confirmed. The total volume of both tranches amounts to around 20 million euros. Final acceptance of the line for Gigafactory 1 will take place at the beginning of 2021, final acceptance for Gigafactory 2 is planned for the end of 2021. The modules produced on Manz’s machines are, among other things, to be used in commercial vehicles and buses from one of the world’s largest commercial vehicle manufacturers. Martin Drasch, CEO of Manz AG, comments: “We are very pleased that our concept has convinced AKASOL as the German pioneer for battery systems in hybrid and fully electric commercial vehicles. The order for the second tranche for the US location is the result of our excellent cooperation on the Gigafactory project in Darmstadt and confirms our impression that, in addition to Europe and Asia, the US market is also picking up considerable momentum in the battery segment. With over 30 years of experience in production facilities for powerful and efficient battery systems, we want to benefit from the global trend towards electrification in a wide range of industries.” Manz’s machines are not only used to produce battery cells, modules and packs for the automotive industry and large vehicles such as trucks and buses, but also for power tools or consumer electronics, for example. Manz AG – passion for efficiency With many years of expertise in automation, laser processing, vision and metrology, wet chemistry and roll-to-roll processes, the company offers manufacturers and their suppliers innovative production solutions in the areas of photovoltaics, electronics, and lithium-ion battery technology. The company’s product portfolio includes both customer-specific developments and standardized single machines and modules, which can be linked to create complete custom systems. Manz AG offers high-quality, needs-based solutions that can be integrated early into customer projects to contribute significantly to customer success. The company, listed on the stock exchange in Germany since 2006, develops and produces in Germany, Slovakia, Hungary, Italy, China and Taiwan. It also has sales and service branches in the USA and India. Manz AG currently employs roughly 1,500 workers worldwide, around half of whom work in the Asia region, which is key to the company’s target industries. Manz Group revenue in the 2019 financial year totalled around 264 million euros. cometis AG End of Media Release Issuer: Manz AG Key word(s): Industry
20.08.2020 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Manz AG |
Steigäckerstr. 5 | |
72768 Reutlingen | |
Germany | |
Phone: | +49 (0) 7121 9000-0 |
Fax: | +49 (0) 7121 9000-99 |
E-mail: | info@manz.com |
Internet: | http://www.manz.com |
ISIN: | DE000A0JQ5U3 |
WKN: | A0JQ5U |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1121127 |
End of News | DGAP Media |