IPG PHOTONICS CORP
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
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Item 2. PROPERTIES
Our significant facilities at December 31, 2023 include the following:
| Location | Owned orLeased | Lease Expiration | ApproximateSize (sq. ft.) | Primary Activity |
|---|---|---|---|---|
| Oxford, Massachusetts | Owned | 550,300 | Diodes, components, final assembly, complete device manufacturing, R&D, administration | |
| Burbach, Germany | Owned | 567,100 | Optical fiber, components, final assembly, complete device manufacturing, R&D, administration | |
| Leased | May 2027 | 1,500 | Complete device manufacturing | |
| Fryazino, Russia | Owned | 496,000 | Optical fiber, components, final assembly, complete device manufacturing, R&D, administration | |
| Leased | November 2026 | 20,000 | Components | |
| Marlborough, Massachusetts | Owned | 377,800 | Components, systems manufacturing, applications, sales, R&D, administration | |
| Minsk, Belarus | Owned | 372,100 | Manufacturing of cabinets and mechanical subcomponents | |
| Davenport, Iowa | Owned | 160,300 | Systems integration, sales, administration |
Our corporate headquarters is in Marlborough, Massachusetts. As of December 31, 2023, we occupied more than 3.3 million square feet of facilities worldwide. Of this we own 2.9 million square feet and lease 0.4 million square feet of building space, of which the majority is used for manufacturing. Our major manufacturing facilities are located in the United States and Germany. We have substantially reduced our reliance on our Russian operations, and have ceased new investments in our Russian and Belarus operations. We have and will continue to expand our manufacturing operations in Germany and the United States, and have added manufacturing capacity in Italy and Poland to meet the demand for our products and our sales and support needs. We conduct our major research and development activities in Oxford and Marlborough, Massachusetts and Burbach, Germany.
We own additional facilities and land for various purposes, such as sales and support and applications labs. We believe the existing facilities are in good operating condition and are suitable for the conduct of our operations.
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