II-VI Incorporated Powers All its European Sites with 100% Renewable Electricity
October 19 2021 - 8:30AM
II‐VI Incorporated (Nasdaq: IIVI), a global leader in engineered
materials and optoelectronic components, today announced that it is
powering all its facilities in Europe with 100% renewable
electricity sources.
The renewable electricity is supplied to II-VI’s manufacturing
operations, research and development sites, and sales offices
throughout six European countries (Belgium, Germany, Italy, Sweden,
Switzerland, and the U.K.), encompassing 615,000 square feet, or
57,000 square meters, of facility space across 12 sites. To power
its footprint across Europe, II-VI is purchasing approximately 38
million kilowatt-hours (kWh) per year of renewable electricity, and
thereby eliminating about 5,800 metric tons of CO2 emissions each
year.
“II-VI has made it a top priority to reduce its carbon footprint
across its global operations,” said Dr. Karlheinz Gulden, Senior
Vice President, Laser Devices and Systems Business Unit. “This is
elating news for our employees not only in Europe, but also around
the world to know that we have achieved this important milestone
and to be working for a company that not only supports but actively
works towards long-term sustainability through tangible
actions.”
Globally, II-VI has entered into renewable-electricity contracts
for 24 sites, including 14 of them now covering 100% of their
annual electricity usage from renewable sources. Over 20% of
II-VI’s global electricity needs are now being supplied by
renewable sources across the U.S. and Europe. The percentage of
renewable electricity powering II-VI’s operations is expected to
grow annually and, in the future, include the company’s major
manufacturing sites in Asia.
About II-VI Incorporated
II-VI Incorporated, a global leader in engineered materials and
optoelectronic components, is a vertically integrated manufacturing
company that develops innovative products for diversified
applications in communications, industrial, aerospace &
defense, semiconductor capital equipment, life sciences, consumer
electronics, and automotive markets. Headquartered in Saxonburg,
Pennsylvania, the Company has research and development,
manufacturing, sales, service, and distribution facilities
worldwide. The Company produces a wide variety of
application-specific photonic and electronic materials and
components, and deploys them in various forms, including integrated
with advanced software to support our customers. For more
information, please visit us at www.ii-vi.com.
CONTACT: |
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Mark
Lourie |
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Vice President, Corporate Communications |
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corporate.communications@ii-vi.com |
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www.ii-vi.com/contact-us |
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