GPV invests more than DKK 100 million in new capacity extensions

In the first half of 2017, the largest Danish electronics manufacturer GPV, which is owned by the Danish industrial conglomerate Schouw & Co., saw revenue growth of no less than 28 percent. The growth stems from an increased demand from a wide range of existing and new customers, and during 2017, the electronics manufacturer has launched a further extension of capacity within both electronics and mechanics. For the first time, GPV expects to round DKK one billion in revenue for the present financial year.

During the first half of 2017, GPV lifted revenue by 28 percent to DKK 547 million compared with the first half of 2016. The order intake from existing and new customers has been a positive surprise, and GPV is investing in capacity extensions in both Denmark and Thailand:

- Things are happening very quickly right now, and therefore we have decided to invest again in further capacity extensions only a good six months after the latest investment. We see the increased order intake as a positive challenge, and I can say that we have both the will and the capability to keep up with the rising demand and make the necessary investments to enhance capacity, CEO Bo Lybæk explains.

Most recently, in December 2016, GPV installed two new complete SMT production lines, and now the company will carry out yet another extension with four additional SMT lines. The extension is to be made with three new lines at GPV’s electronics plants in Bangkok in Thailand, where the staff will be increased from about 900 employees to more than 1,000 employees, and with a new line for prototypes in the production in Aars in Denmark, where the staff has been increased by 60 employees to over 200 employees. GPV’s new plant in Guadalajara in Mexico now counts about 80 employees. Five of the six new SMT lines have been based on the latest Industry 4.0 technology, where all elements in the lines “talk” and are self-regulatory:

- Investments are amounting to more than DKK 110 million and will contribute to ensure that we can deliver the products that the customers are increasingly demanding. Furthermore, the new lines will contribute positively to making sure that we are able to meet both present and future quality requirements, Bo Lybæk continues.

In addition to the investments in electronics, GPV has particularly invested in new fiber laser technology and 5-axis CNC machines with robots at the plants in both Tarm in Denmark and Bangkok. Besides capacity, these investments will provide new qualifications to support new business areas:

- It is vital that we are currently investing and renewing the machinery pool so that we can continue to be amongst the very best in EMS. Furthermore, automation is a must if we are to continue to have competitive production in Denmark among other places, Bo Lybæk concludes.

About GPV
GPV is customer-driven EMS (Electronic Manufacturing Services) partner with production in Denmark, Thailand and Mexico. The company delivers advanced electronics solutions and mechatronics to customers worldwide. GPV is the largest EMS manufacturer in Denmark. Besides strong competencies within electronics production, GPV also has strong competencies within advanced mechanics production as well as logistics. GPV is headquartered in Denmark with plants in Tarm and Aars as well as in Bangkok, Thailand, and Guadalajara, Mexico. The company generates revenue at about DKK 1,000 million and counts a staff of around 1,300 employees. Since 1 April 2016, GPV has been part of the Danish industrial conglomerate Schouw & Co.

 

For further information, please contract:

  • Bo Lybæk, CEO, GPV, Tel. (direct) +45 2128 8797
  • Jens Bjerg Sørensen, President, Schouw & Co., Tel. +45 8611 2222
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