Adhesives specialist Lord Corporation said it would expand operations at its Hueckelhoven, Germany facility at a cost of EUR14m.
"This expansion project will position Lord to provide optimal support to the fast-growing electric vehicle (EV) market, especially in Germany and around Europe. The expanded operations will enable us to be closer in proximity to customers, meet their needs in a faster manner, improve performance, and reduce end costs," the supplier said in a statement.
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"We have a strong focus on the EV market and the trend toward electrification," said Ed Auslander, president and CEO. "This strategic investment in our Hueckelhoven facility will further grow our presence in the EV market while supporting OEMs and enabling them to meet launch timelines."
Seventy employees currently work at Hueckelhoven which has been in operation since 1987. More than 20 additional jobs are anticipated as a result of this expansion.
Construction began this month and was commemorated with a groundbreaking ceremony on 14 March. The new adjacent facility, which will add about 3,200 square metres of production and office space to the existing facility, is expected to be complete and operating by mid-2020.
Gap fillers, potting and encapsulants, and thermal adhesives sold under the CoolTherm brand name will be produced in Hueckelhoven – all formulated to help reduce heat build-up in electronic components.
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By GlobalData"As EVs become more prevalent, we continue to focus on developing innovative thermal management and structural adhesive solutions," said Vincent Javerzac, vice president, EMEA.
