NEWS


IPG GROWS 46 PER CENT IN Q2 2017, WHILE TRUMPF POSTS €3.1BN ANNUAL SALES


Fibre laser manufacturer IPG Photonics has generated revenue of $369.4 million in the second quarter of 2017, a significant 46 per cent increase year-on-year. The results were driven by rapid growth in cutting and welding applications and exceptional performance in China, where sales almost doubled to account for half the company’s total quarterly revenue. Meanwhile, laser manufacturer


Trumpf’s annual sales increased to €3.1 billion in the 2016/17 fiscal year ending 30 June 2017, preliminary calculations have revealed. This corresponds to a growth of 10.8 per cent compared to the previous fiscal year. IPG’s high-power laser sales


increased by 57 per cent, while sales of QCW lasers increased 82 per cent, thanks to growth in consumer electronics production and percussion hole drilling. During Q2 2017, IPG generated


$82.3 million in cash from operations and used $21.8 million to finance capital expenditures. The company ended the quarter with $930.4 million in cash and cash equivalents and short-term


investments, representing an increase of $99.8 million from 31 December 2016. ‘We are benefiting from


accelerating adoption of fibre lasers over conventional lasers and non-laser cutting and welding equipment,’ commented IPG CEO Dr Valentin Gapontsev. ‘Based on these trends and the strength of our current backlog, we believe we are in excellent position to deliver another strong quarter in three months.’ IPG Photonics expects revenue


in the range of $350 million to $375 million for the third quarter of 2017. ‘Year-to-date bookings have


exceeded our expectations, pointing to strong revenue growth in 2017,’ said Gapontsev. ‘Based on first half outperformance and current backlog, we are now targeting approximately 32 per cent to 34 per cent revenue growth for the full year.’ Given the magnitude of


outperformance during the first half of the year, the company expects a lower growth rate in the fourth quarter because of more challenging comparisons and an


Trumpf’s management board oversaw 10 per cent growth in the company


expected slowdown in spending related to typical seasonality in China and the consumer electronics investment cycle. Germany continued to be the


largest single market for Trumpf, accountable for €642 million in sales, followed by the US (€416 million) and China (€398 million). Sales in South Korea also showed promise after rising 57 per cent year-on-year to €209 million, making the region Trumpf’s fourth biggest market. Sales in Italy and the Netherlands


Session on Indian manufacturing organised for metalworking fair EMO


The German Machine Tool Builders’ Association, the VDW, will hold a session dedicated to the Indian manufacturing sector at the metalworking trade fair, EMO Hannover 2017. The session, which takes place on 20


September from 10:00 to 13:00, will include a talk from Shri N. Sivanand, Joint Secretary of the Indian government’s Department of Heavy Industry in the Ministry of Heavy Industry and Public Enterprises, who will speak about a government initiative to promote manufacturing in India. The conference will also have


presentations from: Jeremy Leonard at Oxford Economics, on the Indian economy and industrial production and investment opportunities; V. Anbu from the Indian Machine Tool Manufacturers’


Association, who will give an overview of the nation’s machine tool industry; Dr Andreas Wolf from Bosch, on automotive production in the country; Milind Madhav Shahane from Tata Advance Materials, who will speak about the aerospace industry in India; and C.R. Sudheendra from United Grinding, who will present on the company’s market activities and strategic positioning – United Grinding has opened a subsidiary and set up a technology centre in Bangalore. In a statement for EMO Hannover,


Anbu, director general of the Indian Machine Tool Manufacturers’ Association, commented: ‘Game- changing initiatives such as “Make in India”, opening up strategic sectors to foreign direct investments, and the


implementation of “One nation, one tax” for goods and services have spurred manufacturing growth.’ India is the eighth largest market for


machine tools, according to EMO, valued at €1.7 billion in 2016. India imports around 70 per cent of the machine tools it needs, worth €1.2 billion in 2016. Dr Andreas Wolf from Bosch


commented in relation to his presentation on the country’s automotive sector: ‘Triggered by the new legislation in regard to vehicle safety and emissions, we’re going to be seeing rapid implementation of modern-day technologies.’ The trade fair will also welcome six


delegations of high-ranking Indian entrepreneurs, which will be organised and accompanied by various Indian


customer associations and the staff of the VDMA’s liaison office in Kolkata. ‘We are particularly gratified to note


that it will be almost exclusively Indian speakers or pundits who are thoroughly familiar with the country from their own career experience there who will be presenting their expertise on the India Day,’ said Gerhard Hein, who is co-organising the session at the VDW. ‘We’re expecting an exciting event, offering exceptional added value to everyone involved.’ EMO Hannover 2017 will also have a


focus on additive manufacturing, with sessions organised on the 20 and 21 September, and input from Fruth Innovative Technologies, which has recently opened an additive factory, along with Siemens PLM Software.


were strong, increasing by 34 per cent and 55 per cent respectively. Sales in the Netherlands were boosted by business with chip manufacturer ASML, to which Trumpf supplies CO2


lasers for


extreme ultraviolet lithography systems for processing semiconductor chips. ASML received eight additional orders for its EUV machines in Q2 2017, which the company says shows that the adoption for high-volume EUV manufacturing has reached an inflection point.


6


LASER SYSTEMS EUROPE ISSUE 36 • AUTUMN 2017


@lasersystemsmag | www.lasersystemseurope.com


Trumpf


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40