LORD Announces $15 Million Expansion in Germany
LORD Corp. recently announced plans to expand operations at its Hückelhoven, Germany, facility.
LORD Corp. recently announced it has invested 14 million euro (~ $15.8 million) as part of plans to expand operations at its Hückelhoven, Germany, location. The project will reportedly position LORD to provide support to the fast-growing electric vehicle (EV) market, especially in Germany and throughout Europe. More than 20 additional jobs are expected as a result of this expansion.
The new adjacent facility, which will add about 3,200 sq m of production and office space to the existing facility, is expected to be complete and operating by mid-2020. Gap fillers, potting and encapsulants, and thermal adhesives sold under LORD’s CoolTherm® brand name will be produced in Hückelhoven.
“We have a strong focus on the electric vehicle market and the trend toward electrification,” said Ed Auslander, president and CEO. “Currently LORD solutions are on nearly every vehicle in the world. This strategic investment in our Hückelhoven facility will further grow our presence in the EV market while supporting OEMs and enabling them to meet launch timelines.”
For more information, visit www.lord.com.