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IPG issues statement regarding operations in Russia

Date Announced: 31 Mar 2022

File:IPG Photonics logo.svg - Wikimedia Commons

Oxford, MA, USA  -- IPG Photonics Corporation hopes that the tragic crisis in Ukraine reaches a resolution as swiftly as possible and our thoughts are with all of those who have been impacted.

Our top priority continues to be the safety and well-being of our employees and their families – including our nearly 2,000 colleagues in Russia.

Based on the state of the situation, we have suspended new investments in our Russian operations, curtailed development projects (shutting down some existing projects) and have made progress towards shifting manufacturing capacity from Russia to our facilities in Western Europe and the U.S. We will continue to closely monitor events and provide business updates as appropriate.

IPG Photonics Announces Continued Production at Russian Operations (March 3rd, 2022)

IPG Photonics Announces Addition of New Directors to the Board (March 28th, 2022)

About IPG Photonics Corporation

IPG Photonics Corporation is the leader in high-power fiber lasers and amplifiers used primarily in materials processing and other diverse applications. The Company’s mission is to make its fiber laser technology the tool of choice in mass production. IPG accomplishes this mission by delivering superior performance, reliability and usability at a lower total cost of ownership compared with other types of lasers and non-laser tools, allowing end users to increase productivity and decrease costs. A member of the S&P 500® Index, IPG is headquartered in Oxford, Massachusetts and has more than 30 facilities worldwide.

Contact

IPG Photonics
50 Old Webster Rd
Oxford, MA 01540
USA
 
 
Phone: +1 508-373-1100

E-mail: info@ipgphotonics.com

Web Site: www.ipgphotonics.com

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