With sales growth in recent years averaging 40-50% annually, sales in 2014 were up 75% from the previous year, driven primarily by large-system sales in the company’s 1000W laser class.
According to president & CEO Frank Herzog, 2014 was the most successful year in the company’s 15 year history. ‘In our competitive environment, we not only kept pace with the rapid growth in the market, we even exceeded it,’ he said. ‘This was the result of our R&D efforts and continuous product expansion.’
Expansion plans
The company’s infrastructure at its headquarters in Lichtenfels was also expanded in 2014 to meet demand, including a new 3,500 m2 production hall, which is nearing completion and will increase machine output by a factor of 2.5. A 600 m2 process development and material research center was also launched in 2014. The company plans to build a new 1,200 m2 logistics center which is slated for operation in Q1 2015.
