Aixtron expands footprint in Europe
New production site in Italy is close to suppliers and world-class universities, says CEO
Aixtron is expanding its manufacturing presence in Europe with the acquisition of a production site near Turin, in the Piedmont region of Italy.
“With our new production location near Turin in the Piedmont region of Italy we prepare our company for the expected market dynamics with further growth in unit shipments in the coming years. Within 2-3 years, we envision a significant share of Aixtron volume to be shipped from this location, " said Felix Grawert, CEO and president of Aixtron SE, at a media event with representatives of the regional Italian government.
He added: "We were able to secure the rare opportunity to purchase an existing production facility at very attractive commercial terms, which provides almost all of the specialised operations and test infrastructure for the manufacturing of our equipment. Furthermore, we will be located in the heart of the manufacturing ecosystem of northern Italy, being close to many strong suppliers and world-class universities. We are proud to join this ecosystem and expect strong benefits for all parties, also for our exiting sites in Germany and in the UK."
The president of the Piedmont Region Alberto Cirio together with the regional ministers Andrea Tronzano (Productive Activities), Elena Chiorino (training and work) and Fabrizio Ricca (Internationalization) underlined: “The investment by Aixtron in Piedmont for a new production site comes a few weeks after the launch in Turin of the Foundation for the National Center for Artificial Intelligence, confirming how this area is attractive and offers fertile grounds for those who work in a sector that is as innovative as it is specific."
