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Lord invests EUR14 mn in Germany; to support EV growth

Lord invests EUR14 mn in Germany; to support EV growth

US technology firm Lord Corporation plans to expand operations at its Hückelhoven, Germany facility, with an investment of EUR14 million. This expansion project will position it to provide optimal support to the fast-growing electric vehicle (EV) market, especially in Germany and all over Europe, says the firm.

Around 70 employees currently work at the 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, and was commemorated with a groundbreaking ceremony recently. The new adjacent facility, which will add about 3,200 sq m 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.

“We have a strong focus on the electric vehicle market and the trend toward electrification,” said Ed Auslander, President/CEO. “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.”

A global leader in thermal management for EVs, Lord has been manufacturing adhesives for the automotive industry for nearly 50 years.

(IMA)


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