Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back

IPG Photonics Corporation, the world leader in the high power fiber laser industry.

Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back
Revenue(RF), mln.USD
73
Assets(RF), mln.USD
164
Capital(RF), mln.USD
148
Glob.Revenue, mln.USD
1287
Staff(RF), 2021
676
The Company Statement
June 10, 2024

Suspend new investments and reduce manufacturing in Russia. Shipments from Russian laser manufacturer NTO IRE-Polyus to sister company IPG Photonics India increased by 62% year-on-year, and the latter’s receivables to the supplier more than doubled.

May 03, 2022IPG Photonics Announces First Quarter 2022 Financial Results (link was deleted later)
March 31, 2022Newsroom of IPG Photonics
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