GT Equipment Technologies Inc., a company that designs, manufactures, assembles, programs and installs turn-key fabrication lines for all three stages of the photovoltaic manufacturing chain – wafers, cells and modules — announced the company generated more revenue growth, employment growth and productivity growth in the fiscal year just ended, March 31, 2005, than at any time in its 11-year history.
The growth was in the company’s solar division, GT Solar Technologies, Inc. The $38 million of business already booked for the next fiscal year far exceeds the nearly $23 million in total revenues for the Company’s fiscal year ended March 31, 2005.
While revenues have more than doubled, productivity and employment growth have both increased as well. Equipment shipped in March of 2005 increased by a factor of 4X over equipment shipped in any given month during the previous year. The increased shipments are a result of exceptional productivity gains from the company’s workforce using an advanced manufacturing process that allows for improvements in the manufacturing of the equipment while maintaining the ability to customize orders. GT Equipment Technologies has more than doubled its workforce in the past 9 months to 75 and is still hiring, especially assemblers, technicians and engineers.
GT Equipment Technologies was recently named by the Export-Import Bank of the United States as “Environmental Exporter of the Year” in the United States. GT Equipment Technologies, Inc. is a privately held company and an industry leader in the design and manufacture of semi-custom and specialty equipment for the solar and materials processing industries, particularly for photovoltaic and semi-conductor applications.
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