January 27, 2021 – St. Petersburg, FL. Hine Automation, robotic automation design and manufacturing firm, announced a new phase of growth with the establishment of its first European business entity in Bernin, France. Hine Automation’s expansion is in response to increasing customer demand. The company’s European market reach has seen double-digit growth over the last five years. An established France location allows Hine Automation to support its global growth and better serve its customers abroad and in the United States. The company is planning for future growth in Europe around the needs and demands of customers. Hine Automation’s headquarters will remain in St. Petersburg, Florida.
The European semiconductor industry is experiencing rapid growth with more than half of the countries in the European Union now developing semiconductors for a variety of uses, such as self-driving cars, data centers, A.I. and computers (Fortune, 2020). A joint declaration was placed into effect in December in support of strengthening the semiconductor and processor ecosystem. According to GlobeNewswire, the semiconductor manufacturing equipment market in Europe is expected to grow from US$4.92 billion in 2018 to US$6.53 billion by the year 2027 with a compound annual growth rate (CAGR) of 2.8% from the year 2019 to 2027.
Hine Automation is optimistic about the industry growth as well as the opportunity to better serve its international and European-based customers through its expanded capabilities. Hine Automation’s CEO, Scott Craver, remarked, “The decision to expand our presence into Europe was a logical step in our business growth strategy. The region is growing with high-tech Fortune 500 companies. We now have the opportunity to expand staffing and manufacturing capabilities, as well as increase our ability to service current and future markets.”
About Hine Automation
Hine Automation is a designer and manufacturer of automation systems and robotic components, serving original equipment manufacturers (OEMs) in the semiconductor, solar, flat-panel display, and related industries around the world. Hine Automation’s products are utilized in a wide range of environments, providing the flexibility needed in research and development labs as well as meeting the stringent reliability demands of manufacturing facilities. To learn more about Hine Automation, visit HineAutomation.com.