Rustam Minnikhanov visits IPG Photonics

On September 16 Tatarstan President Rustam Minnikhanov visited IPG Photonics (Massachusetts, USA).

To the point, Rustam Minnikhanov arrived in Boston with a working visit to take part in Russian Innovation Week, RIW.

Chairman of IPG Photonics Board of Directors Valentin Gapontsev made a short presentation of the company and told about its foundation and world laser market promotion.

The company was founded in 1990 by a group of Russian scholars led by Valentin Gapontsev. Today it is a transnational scientific and technical corporation with offices in 12 countries, including Japan, South Korea, India, France, Singapore and Great Britain. Its production facilities are located in the USA (Oxford), Germany (Frankfurt) and Russia (Fryazino).

Valentin Gapontsev said that the company is engaged in development, production and sales of laser equipment. IPG Photonics has become a public limited company since 2006 with capitalization of more than 2 bln USD.

According to Valentin Gapontsev, today IPG Photonics is the leading company in the sphere of laser technologies, covering up to 80% of the world fiber laser market and up to 20 of the world laser market in general.

The range of laser fibers produced by the company makes 300 items.

Laser equipment is used in different industries, including air industry, engineering, medicine, telecommunication sphere, etc.

In particular, IPG Photonics laser technologies are applied at OAO “KAMAZ”.

Later, Valentin Gapontsev showed Rustam Minnikhanov and his party production and assembly facilities and one of the advanced laser machines in operation.