The electronics industry was once somewhat immune to macro-economic factors, but those times are long past. Operating from a European headquarters, we are keenly aware of the challenges facing the electronics market there, and will be very surprised if there is any improvement before the second half of 2013.
On the other hand, we conclude from discussions with other customers that Asia will be much more stable, with renewed growth opportunities...however modest by historical standards. In North America, continued discussion about on shoring and an economy freed from election paralysis offers additional promise of growth.
Rehm will launch a variety of new products in 2013, many with an intense design focus upon ultra low energy consumption, in addition to process innovations tailored for the specific demands of different worldwide markets. We have also continued to invest in our local infrastructure, and will open a new building in 2013 on our German campus which includes a state-of -the-art applications laboratory and demonstration center.
The grand opening and dedication ceremony will coincide with our June 6-7 Technology Days. This annual event spotlights Rehm's ongoing commitment to delivering more than simply hardware...but also the process knowledge essential to success in a competitive global marketplace.
