Manz AG: Continued strong demand for efficient production solutions in the battery sector
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Manz AG: Continued strong demand for efficient production solutions in the battery sector
The project is aimed at setting up a module assembly line in Eastern Europe and offers the potential for a follow-up order of a comparable size. The proximity to the Manz locations in Slovakia and Hungary is of great advantage in the realization of the project. Manz AG was also able to convince the customer with its extensive experience gained in similar projects as well as its many years of successful cooperation with the customer in other projects. Production advantages for the customer compared to the competition result in particular from the high precision in the interconnection of the cells by means of laser welding with simultaneously fast cycle times, which are realized by a self-developed, innovative gripper technology. The customer received intensive support from Manz AG already during the conception phase, which enabled the product design of the battery modules to be optimized for mass production. Martin Drasch, CEO of Manz AG, comments: "As a high-tech engineering company with our innovative and efficient production solutions, we are ideally positioned to benefit from the enormous global demand for battery systems. We can provide our customers with comprehensive advice based on many years of experience and offer the right solution for all processes and production stages. In doing so, as in this case, our solutions are often significantly more efficient than our competitors' offerings." Among other things, the modular Battery Laser System BLS 500, a flexible laser system that combines the advantages of a standard system with those of an individual solution thanks to its platform approach, makes an important contribution to this efficiency increase. Among other things, the BLS 500 can be used to tightly weld Li-ion battery cells into battery packs or differently shaped battery cans with high strength.
Manz AG - engineering tomorrow's production Manz AG is a globally active high-tech engineering company. With a focus on the automotive industry and electromobility, battery production, electronics, energy, and medical technology, Manz develops and builds innovative and efficient production solutions: From customized single machines for laboratory production or pilot and small series production, to standardized modules and systems, to turnkey lines for mass production. Technologically, Manz's production equipment is based on many years of experience in automation, laser processing, inspection systems, and wet chemistry. With currently around 1,400 employees, the Manz Group develops and produces in Germany, Slovakia, Hungary, Italy, China and Taiwan. Sales and service subsidiaries also exist in the USA and India. Manz AG was founded in 1987 and has been listed on the Frankfurt Stock Exchange since 2006. In fiscal year 2020, the Group generated revenues of around 237 million euros.
Manz AG End of Media Release Issuer: Manz AG Key word(s): Enterprise
14.12.2021 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: | [email protected] |
| 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: | 1257231 |
| End of News | DGAP Media |
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1257231 14.12.2021
Manz AG Stock
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Based on the current price of 7.42 € the target price of 30 € shows a potential of 304.31% for Manz AG which would more than double the current price.
