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Posted on 06 March 2019

LEM expands European manufacturing with new facility in Bulgaria

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New plant in Sofia will locate production close to key European markets

LEM, the market leader in providing innovative and high quality solutions for measurement of electrical parameters, has announced its intention to open a new cost effective production plant in Sofia, Bulgaria. 50 new jobs will be created in the first phase, and LEM's plans call for production from the Sofia facility to commence as soon as October 2013; LEM has allocated an initial investment of 2 million Swiss Francs (CHF 2million, €1.6million) to establish the site and bring it to the point of delivering its first products.

LEM has already identified the property it will lease for the operation, and will occupy floor space of 4,500 square meters with its production plant. Additionally, the company has plans in place that call for the new Sofia site to be the focus for a major part of its future growth. This represents a continuation of a long-term strategy that LEM initiated in 2004. Under this plan, LEM will increasingly relocate volume production to plants in countries that combine a lower cost base together with an appropriate location – such as Bulgaria. Opening LEM Bulgaria increases production capacity close to LEM's European customer base, while geographically diversifying the company's attractive cost manufacturing base.

François Gabella, CEO of LEM, comments: “The opening of the new production plant in Bulgaria will be a major milestone for LEM’s development. With the new plant we will increase our competitiveness while significantly growing our presence in the European economy.”

In LEM's forward planning, activities at its facilities in Geneva, Switzerland and Machida, Japan, will be re-focussed; its Swiss operations will see continued investment both in R&D activities and in marketing, and will concentrate on developing products combining high complexity and high precision, for markets worldwide. In line with the approach of serving regional markets with local resources, LEM's Machida facility will concentrate on the Japanese market.

LEM – At the heart of power electronics

LEM is the market leader in providing innovative and high quality solutions for measuring electrical parameters. Its core products - current and voltage transducers - are used in a broad range of applications in drives & welding, renewable energies & power supplies, traction, high precision, conventional and green cars businesses. LEM’s strategy is to exploit the intrinsic strengths of its core business, and to develop opportunities in existing and new markets with new applications. LEM is a mid-size, global company. It has production plants in Beijing (China), Geneva (Switzerland), and Machida (Japan). With its regional sales offices close to its clients’ locations, the company offers a seamless service around the globe. LEM is listed on the SIX Swiss Exchange since 1986; the company’s ticker symbol is LEHN.

 

For further information please contact:

Stéphane Rollier
Corporate Communications Manager
Tel.: +41 22 706 1449
E-Mail: sro@lem.com
Website : www.lem.com

or

Laura West
Napier Partnership Limited
Tel: +44 (0) 1243 531123
E-Mail: laura@napier.co.uk

 

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