LORD Corporation invests €14M in Germany facility to support EV market; thermal management and structural adhesives
LORD Corporation plans to expand operations at its Hückelhoven, Germany facility with an investment of €14 million. This expansion project will position LORD to provide optimal support to the fast-growing electric vehicle (EV) market, especially in Germany and all over Europe.
"We have a strong focus on the electric vehicle market and the trend toward electrification. 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."
—Ed Auslander, President and CEO, LORD Corporation
Seventy employees currently work at LORD’s Hückelhoven facility, which has been in operation since 1987. More than 20 additional jobs are anticipated as a result of this expansion. Construction began in March 2019. The new adjacent facility, which will add about 3,200 square meters of production and office space to the existing Hückelhoven 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—all in support of the company’s Thermal Management business and formulated to help reduce heat build-up in electronic components.
"As EVs become more and more prevalent, we continue to focus on developing innovative Thermal Management and Structural Adhesive solutions. Expanding in Hückelhoven positions us to support even more growth in the EV space, and we are committed to making greater investments in Research & Development. These efforts have a direct impact on LORD’s ability to provide innovative solutions for our customers."
—Vincent Javerzac, Vice President, EMEA, LORD Corporation
Source: Green Car Congress