Advanced Energy® Establishes Manufacturing Line for RF Generators in South Korea
June 24 2010 - 8:00AM
Business Wire
Advanced Energy Industries, Inc. (NasdaqGM: AEIS), today
announced that it has expanded its service facility and installed a
new manufacturing line for its RF generator products, located in
Sungnam City, South Korea. The company began shipping its first
Korean-manufactured product, a high-power RF generator for the flat
panel display industry, earlier this month.
Having begun sales and service operations in Korea in 1999,
Advanced Energy will leverage its existing infrastructure and
expand its presence in the region by increasing its local
manufacturing capabilities to achieve better alignment with its
Korean-based customers. With this new investment, Advanced Energy
is well positioned for continued growth in this key market.
“The expansion of our local manufacturing capability complements
our strong applications, sales and service presence in the region,
better enabling our responsiveness and ability to reduce lead times
and strengthen overall support for our Korean customers,” said Dr.
Hans Betz, chief executive officer of Advanced Energy. “South Korea
is one of the most technologically advanced countries in the world
and is a hub for world-class technological innovation. Our new
manufacturing line is indicative of the commitment we have to our
customers in this key region. We expect to add additional products
to this manufacturing line based on future market requirements and
demand.”
About Advanced Energy
Advanced Energy (Nasdaq: AEIS) is a global leader in innovative
power and control technologies for high-growth, thin-film
manufacturing and solar-power generation. Advanced Energy is
headquartered in Fort Collins, Colorado, with dedicated support and
service locations around the world. For more information, go to
www.advanced-energy.com.
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