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Photonex+Vacuum Technologies
IPG sales: historic and projected (click to enlarge)
Having posted annual sales growth of 40% in 2017, this year will see IPG Photonics' growth rate clipped to around 2.5% as a result of slowing demand in China and Europe. That will represent the lowest year-on-year increase since 2009, when the fiber laser firm's sales decreased in the aftermath of the global financial crisis. Data: IPG Photonics.
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