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11.07.2024 11:36:11 - dpa-AFX: EQS-News: Manz AG launches comprehensive efficiency program and reorganizes Managing Board (english)
Manz AG launches comprehensive efficiency program and reorganizes Managing
Board
EQS-News: Manz AG / Key word(s): Personnel/Miscellaneous
Manz AG launches comprehensive efficiency program and reorganizes Managing
Board
11.07.2024 / 11:35 CET/CEST
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Manz AG launches comprehensive efficiency program and reorganizes Managing
Board
* Dr. Ulrich Brahms to become new CEO, Martin Drasch to leave the company
* Efficiency program to streamline organization and optimize processes
Reutlingen, July 11, 2024 - The Managing Board of Manz AG, a globally active
high-tech mechanical engineering company with a comprehensive technology
portfolio, today adopted a multi-stage efficiency program of measures. In
the first stage, the two divisions will be merged at the Reutlingen site and
the organization will be further optimized. In this way, the performance,
effectiveness and speed of implementation of customer projects are to be
improved. In a second step, capacities will be adapted to the expected
incoming orders and market developments by introducing short-time work. As
announced, Manz is thus reacting to the current challenges in the direct
market environment as a result of the continuing reluctance of European
customers to make new investments, especially in the field of battery
production.
Realignment of the Managing Board
At the same time, the Supervisory Board of Manz AG is reorganizing the
Managing Board. The previous CEO Martin Drasch will leave the company at his
own request and by best mutual agreement on August 31, 2024. With effect
from July 15, 2024, the Supervisory Board has appointed Dr. Ulrich Brahms as
a new member of the Managing Board and from 1st of September 2024 on as
Chief Executive Officer (CEO) with a term of office of three years. Dr.
Brahms has many years of experience in mechanical engineering. He is a
proven expert in the strategic realignment and restructuring of companies
and will use his know-how and in-depth knowledge of the market to
consistently drive forward the strategic positioning of Manz AG.
Prof. Dr. Heiko Aurenz, Chairman of the Supervisory Board of Manz AG,
comments: 'We would like to thank Martin Drasch for his high level of
commitment to our company and his many years of tireless dedication,
especially in the strategic development and entry into the battery market,
as well as Manz's entry into the automotive market. We wish him all the best
and every success for the future. In Dr. Ulrich Brahms, we have found what
we consider to be an ideal successor who, with his skills in the field of
strategy development and restructuring, is an ideal fit for our company in
the current situation.'
In addition, the Supervisory Board has decided to expand the Managing Board
to three members. The new role of Chief Technology Officer (CTO) will be
taken over by Stefan Lutter from September 1, 2024. He comes from SÜSS
MicroTec SE, where he was responsible for R&D and production technology for
many years as Managing Director. In his new role, he will be responsible for
Manz's Electronics division with a focus on Asia. Together with Manfred
Hochleitner, the company's long-standing CFO, Manz AG thus has a strong
management team.
Efficiency program to streamline organization and processes
The core of the efficiency program adopted by the Managing Board with the
approval of the Supervisory Board is the streamlining of the organization
and optimization of processes. For example, the previously independent
structures in the business segments at the Reutlingen site are to be merged
organizationally. In this way, efficiency in the handling of customer
projects is increased. The aim is to work on and manage all projects bundled
in the overarching and closely interlinked areas of technological
development, sales, project management and project controlling according to
uniform standards in the future.
Manfred Hochleitner, CFO of Manz AG, explains: 'In addition to a high degree
of flexibility in the implementation of individual customer solutions, the
cross-segment exchange of technology and know-how offers the opportunity to
generate internal synergies with regard to platform structures and
assemblies, product portfolio as well as processes and procedures and to use
them more economically. This is where we want to take a consistent approach
and see great efficiency potential for our company.'
Increased focus on semiconductor markets
As part of the efficiency program, Manz AG will also expand its strategic
focus. Since entering the battery market, the company has been developing
innovative systems for battery cell production, which are used in particular
in new cell and module factories of European and North American automotive
manufacturers and suppliers. So far, this market has not developed at the
pace and with the reliability predicted. Nevertheless, the markets for
electromobility will remain an interesting sales market for Manz in the long
term.
Against this backdrop, Manz is strengthening its strategic focus on the
semiconductor market. The plan is to further and accelerate the expansion of
business activities in the high-tech chip industry. Based on its successful
positioning in Asia, Manz already supplies its customers with wet chemical
process systems for the semiconductor industry. In the future, a special
focus will be on intensifying the company's entry into the semiconductor
market, based among other things on in-house developments in advanced
packaging technology for the production of redistribution layers (RDL) with
systems from Manz. The direction of the development activities is clearly
defined: to provide customers with end-to-end solutions with integrated
production processes, from the rapid introduction of prototype machines to
complete lines for mass production. Due to the ever-increasing size of the
chips of the manufacturers (e.g. NIVIDA AI Chip 70x70mm) panel solutions are
leading the way to reduce costs and scale throughput in production.
In addition, new business areas are to be developed using the core
competencies of robotics, automation, laser processing and industrial image
processing in order to reach not only automotive customers - for example
with inverters or powertrains for electric cars - but also additional
customer groups for Manz production solutions that have not yet been the
focus of sales activities.
About Manz AG
As a high-tech mechanical engineering company, Manz AG develops
best-in-class production solutions for lithium-ion batteries as well as for
electronic components and devices for its customers. This makes Manz an
innovative pioneer for the global megatrends of electromobility and
digitalization.
Manz covers the entire range of modern production solutions: from
customer-specific individual machines for laboratory production or pilot and
small-series production to standardized modules and systems to turnkey lines
for efficient mass production. Customers benefit from high resource
efficiency with higher throughput and shorter time-to-market.
With currently around 1,400 employees, the Manz Group develops and produces
in Germany, Slovakia, Hungary, Italy, China and Taiwan. There are also sales
and service subsidiaries in the USA and India.
Manz AG was founded in 1987 and generated consolidated sales of 249.2
million euros in the 2023 financial year with the two segments Mobility &
Battery Solutions and Industry Solutions. The shares (ISIN: DE000A0JQ5U3)
are listed on the Regulated Market of the Frankfurt Stock Exchange (Prime
Standard).
Contact:
Manz AG
Katrin Neuffer
Tel.: +49 (0)7121 - 9000-395
E-Mail: investor-relations@manz.com
Kirchhoff Consult AG
Michael Werneke
Tel.: +49 (0)40 609 186 68
E-Mail: manz@kirchhoff.de
---------------------------------------------------------------------------
11.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
---------------------------------------------------------------------------
End of News EQS News Service
---------------------------------------------------------------------------
1943853 11.07.2024 CET/CEST
Board
EQS-News: Manz AG / Key word(s): Personnel/Miscellaneous
Manz AG launches comprehensive efficiency program and reorganizes Managing
Board
11.07.2024 / 11:35 CET/CEST
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Manz AG launches comprehensive efficiency program and reorganizes Managing
Board
* Dr. Ulrich Brahms to become new CEO, Martin Drasch to leave the company
* Expansion of the Managing Board to three members: Stefan Lutter takes
over new position as CTO
* Efficiency program to streamline organization and optimize processes
* In the future, the strategic focus will be increasingly on the expansion
of the semiconductor business
Reutlingen, July 11, 2024 - The Managing Board of Manz AG, a globally active
high-tech mechanical engineering company with a comprehensive technology
portfolio, today adopted a multi-stage efficiency program of measures. In
the first stage, the two divisions will be merged at the Reutlingen site and
the organization will be further optimized. In this way, the performance,
effectiveness and speed of implementation of customer projects are to be
improved. In a second step, capacities will be adapted to the expected
incoming orders and market developments by introducing short-time work. As
announced, Manz is thus reacting to the current challenges in the direct
market environment as a result of the continuing reluctance of European
customers to make new investments, especially in the field of battery
production.
Realignment of the Managing Board
At the same time, the Supervisory Board of Manz AG is reorganizing the
Managing Board. The previous CEO Martin Drasch will leave the company at his
own request and by best mutual agreement on August 31, 2024. With effect
from July 15, 2024, the Supervisory Board has appointed Dr. Ulrich Brahms as
a new member of the Managing Board and from 1st of September 2024 on as
Chief Executive Officer (CEO) with a term of office of three years. Dr.
Brahms has many years of experience in mechanical engineering. He is a
proven expert in the strategic realignment and restructuring of companies
and will use his know-how and in-depth knowledge of the market to
consistently drive forward the strategic positioning of Manz AG.
Prof. Dr. Heiko Aurenz, Chairman of the Supervisory Board of Manz AG,
comments: 'We would like to thank Martin Drasch for his high level of
commitment to our company and his many years of tireless dedication,
especially in the strategic development and entry into the battery market,
as well as Manz's entry into the automotive market. We wish him all the best
and every success for the future. In Dr. Ulrich Brahms, we have found what
we consider to be an ideal successor who, with his skills in the field of
strategy development and restructuring, is an ideal fit for our company in
the current situation.'
In addition, the Supervisory Board has decided to expand the Managing Board
to three members. The new role of Chief Technology Officer (CTO) will be
taken over by Stefan Lutter from September 1, 2024. He comes from SÜSS
MicroTec SE, where he was responsible for R&D and production technology for
many years as Managing Director. In his new role, he will be responsible for
Manz's Electronics division with a focus on Asia. Together with Manfred
Hochleitner, the company's long-standing CFO, Manz AG thus has a strong
management team.
Efficiency program to streamline organization and processes
The core of the efficiency program adopted by the Managing Board with the
approval of the Supervisory Board is the streamlining of the organization
and optimization of processes. For example, the previously independent
structures in the business segments at the Reutlingen site are to be merged
organizationally. In this way, efficiency in the handling of customer
projects is increased. The aim is to work on and manage all projects bundled
in the overarching and closely interlinked areas of technological
development, sales, project management and project controlling according to
uniform standards in the future.
Manfred Hochleitner, CFO of Manz AG, explains: 'In addition to a high degree
of flexibility in the implementation of individual customer solutions, the
cross-segment exchange of technology and know-how offers the opportunity to
generate internal synergies with regard to platform structures and
assemblies, product portfolio as well as processes and procedures and to use
them more economically. This is where we want to take a consistent approach
and see great efficiency potential for our company.'
Increased focus on semiconductor markets
As part of the efficiency program, Manz AG will also expand its strategic
focus. Since entering the battery market, the company has been developing
innovative systems for battery cell production, which are used in particular
in new cell and module factories of European and North American automotive
manufacturers and suppliers. So far, this market has not developed at the
pace and with the reliability predicted. Nevertheless, the markets for
electromobility will remain an interesting sales market for Manz in the long
term.
Against this backdrop, Manz is strengthening its strategic focus on the
semiconductor market. The plan is to further and accelerate the expansion of
business activities in the high-tech chip industry. Based on its successful
positioning in Asia, Manz already supplies its customers with wet chemical
process systems for the semiconductor industry. In the future, a special
focus will be on intensifying the company's entry into the semiconductor
market, based among other things on in-house developments in advanced
packaging technology for the production of redistribution layers (RDL) with
systems from Manz. The direction of the development activities is clearly
defined: to provide customers with end-to-end solutions with integrated
production processes, from the rapid introduction of prototype machines to
complete lines for mass production. Due to the ever-increasing size of the
chips of the manufacturers (e.g. NIVIDA AI Chip 70x70mm) panel solutions are
leading the way to reduce costs and scale throughput in production.
In addition, new business areas are to be developed using the core
competencies of robotics, automation, laser processing and industrial image
processing in order to reach not only automotive customers - for example
with inverters or powertrains for electric cars - but also additional
customer groups for Manz production solutions that have not yet been the
focus of sales activities.
About Manz AG
As a high-tech mechanical engineering company, Manz AG develops
best-in-class production solutions for lithium-ion batteries as well as for
electronic components and devices for its customers. This makes Manz an
innovative pioneer for the global megatrends of electromobility and
digitalization.
Manz covers the entire range of modern production solutions: from
customer-specific individual machines for laboratory production or pilot and
small-series production to standardized modules and systems to turnkey lines
for efficient mass production. Customers benefit from high resource
efficiency with higher throughput and shorter time-to-market.
With currently around 1,400 employees, the Manz Group develops and produces
in Germany, Slovakia, Hungary, Italy, China and Taiwan. There are also sales
and service subsidiaries in the USA and India.
Manz AG was founded in 1987 and generated consolidated sales of 249.2
million euros in the 2023 financial year with the two segments Mobility &
Battery Solutions and Industry Solutions. The shares (ISIN: DE000A0JQ5U3)
are listed on the Regulated Market of the Frankfurt Stock Exchange (Prime
Standard).
Contact:
Manz AG
Katrin Neuffer
Tel.: +49 (0)7121 - 9000-395
E-Mail: investor-relations@manz.com
Kirchhoff Consult AG
Michael Werneke
Tel.: +49 (0)40 609 186 68
E-Mail: manz@kirchhoff.de
---------------------------------------------------------------------------
11.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
---------------------------------------------------------------------------
Language: English
Company: Manz AG
Steigäckerstr. 5
72768 Reutlingen
Germany
Phone: +49 (0) 7121 9000-0
Fax: +49 (0) 7121 9000-99
E-mail: info@manz.com
Internet: http://www.manz.com
ISIN: DE000A0JQ5U3
WKN: A0JQ5U
Listed: Regulated Market in Frankfurt (Prime Standard);
Regulated Unofficial Market in Berlin, Dusseldorf,
Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1943853
End of News EQS News Service
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1943853 11.07.2024 CET/CEST
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
MANZ AG | A0JQ5U | Frankfurt | 7,000 | 04.11.24 08:01:21 | +0,520 | +8,02% | 0,000 | 0,000 | 7,000 | 7,000 |
