CARY – LORD Corporation, a global diversified technology and manufacturing company, has announced plans to expand operations at its Hückelhoven, Germany facility – an investment of 14 million euros or some $15.4 million.
This expansion project is set to well position LORD with 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,” said Ed Auslander, LORD’s president and CEO said in a statement.
“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.”
The Hückelhoven facility, which has been in operation since 1987, currently has 70 employees. The expansion is expected to add more than 20 additional jobs.
Construction began in March 2019, and was commemorated with a groundbreaking ceremony on March 14.
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,” said Vincent Javerzac, vice president, EMEA, LORD Corporation. “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.”
LORD, which is based in Cary, is privately held.
