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    OERL   CH0000816824

OC OERLIKON CORPORATION AG

(OERL)
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Delayed Swiss Exchange  -  05/23 11:30:56 am EDT
7.085 CHF   +0.78%
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Oerlikon's New State-of-the-art Laser Cladding Center Now Operational

01/04/2022 | 10:11am EDT

USA - Oerlikon Metco Coating Services (MCS) is pleased to announce that the company's new laser cladding service center is fully operational in Huntersville, NC, a suburb of Charlotte NC.

As previously communicated last year, Oerlikon would expand their existing world-class additive manufacturing facility to include laser cladding and thermal spray services; thereby implementing a service 'super center' under one roof and allowing the company to conveniently offer 'Print & Coat' parts.

Laser cladding services are now fully operational at this facility with the ability to offer O.D. and I.D. coatings, as well as laser hardening, pre- and post-machining and inspection services.

The facility is well-equipped to handle a wide range of parts, with a maximum part weight of 15,000 lb (6,800 kg), maximum part length of 480 in (12,192 mm). Outside diameters up to 96 in (2438 mm), as well as inside diameters from 2 in to 120 in (50.8 mm to 3048 mm) can be processed.

Experienced personnel at the Huntersville location and the company's long history of laser cladding solution development will serve the aerospace, energy and automotive markets, among others.

'Laser cladding is increasingly an important process in the services that Oerlikon, through Oerlikon Metco Coating Services, can offer. We are therefore excited to see this new facility now in operation and already serving our customers,' states Thomas Meier, Global Head of Sales for Metco Coating Services. The substantial investment at the Huntersville facility, along with a recent significant investment in new, leading edge laser cladding equipment at the company's Wohlen, Switzerland facility, clearly punctuates the importance of laser cladding to the overall coating service strategy. In addition, the company continues to develop new materials optimized for the laser cladding process.

In addition to the laser cladding expansion at Huntersville, thermal spray coating equipment is currently being installed and planned to be operational at the same location at the end of Q1 2022.

Contact:

Karen Sender

Tel: +1 516 338 2222

(C) 2022 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2022 2 831 M 2 931 M 2 931 M
Net income 2022 177 M 183 M 183 M
Net Debt 2022 70,1 M 72,6 M 72,6 M
P/E ratio 2022 12,6x
Yield 2022 5,10%
Capitalization 2 314 M 2 396 M 2 396 M
EV / Sales 2022 0,84x
EV / Sales 2023 0,77x
Nbr of Employees 11 808
Free-Float 54,1%
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Number of Analysts 7
Last Close Price 7,03 CHF
Average target price 10,03 CHF
Spread / Average Target 42,7%
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Managers and Directors
Roland Fischer Chief Executive Officer & CEO-Surface Solutions
Philipp MŘller Chief Financial Officer
Michael SŘ▀ Chairman
Helmut Rudigier Chief Technology Officer
Paul Roger Adams Independent Non-Executive Director
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