Nordson Corp - Company Profile
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Business Description
Nordson Corp (Nordson) manufactures and markets differentiated products and systems used in coatings, dispensing adhesives, biomaterials, sealants and other materials. It serves consumer non-durable, consumer durable and technology end markets, including nonwovens, packaging, medical, appliances, electronics, transportation, building and construction, energy, general product assembly and finishing markets.
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R&D Overview
Nordson focuses on investments on research and development that are important to for long-term growth, to meet customer requirements. It strives for the improvement and development of innovative technology to develop new products and new production processes for existing products. In FY2023, it spent US$71.4 million on its R&D, which was 2.7% of its revenue and grew 35.9% YoY.
Business Segments
Overview
Provides systems for high-tech industries relating to electronics, medicine and general product assembly. Electronic systems, fluid management, tests and inspections are examples of important items. The category of electronic systems offers automated dispensing systems for precise attachment application and associated gas plasma treatment systems to clean and prepare surfaces before wire bonding. In FY2023, the segment incurred a capital expenditure of US$4,209 million which grew 76.6% YoY.
Performance
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Overview
Combines Adhesive Dispensing Systems (ADS) and Industrial Coating Systems (ICS) businesses. Product lines reduce material consumption, increase line efficiency and enhance product brand and appearance. Used in dispensing adhesives, coatings, paint, finishes, sealants and other materials. Major products include nonwovens, packaging, polymer processing, product assembly category, cold materials, container coating, curing and drying systems, liquid finishing, and powder coating. The nonwoven category offers dispensing, laminating and coating systems; the packaging category provides automated adhesive dispensing systems; and polymer processing category offers components and systems for thermoplastic melt stream in plastic extrusion; and the product assembly category offers dispensing, laminating and coating systems. The cold materials category offers automated and manual dispensing products and systems; the container coating category offers manual and automated dispensing and curing systems; and the curing and drying systems category offers ultraviolet equipment. Its liquid finishing category comprises manual and automated dispensing systems; and the powder coating category includes manual and automated dispensing systems. Baby diapers and training pants, feminine hygiene items and surgical drapes, food and beverage packaging, pharmaceutical packaging, building and construction, transportation and aerospace, automotive components, electronics, and packaging for consumer goods, in addition to alternative energy, aerospace, medical, building and construction, electronics, beverage containers, durable goods, and agriculture, are the major serving markets. In FY2023, the segment incurred a capital expenditure of US$9,257 million which declined 2.5% YoY.
Performance
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Overview
Fluid management systems category comprises semi-automated dispensers and precision manuals, cartridge tips, single-use plastic molded syringes and fluid connection component tubing and catheters. Automated optical, X-ray and bond testing options are equipped within the test and inspection systems category. In FY2023, the segment incurred a capital expenditure of US$15716 million which declined 49.3% YoY.
Performance
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Geographical Segments
Target Markets
Mexico, Canada, and Central and South America.
Performance
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Target Markets
Australia, Hong Kong, India, Indonesia, Korea, Malaysia, New Zealand, and Taiwan.
Performance
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Performance
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