IPG PHOTONICS CORP 10-K

ITEM 2. PROPERTIES Our significant facilities at December 31, 2020 include the following: Location Owned or Leased Lease Expiration Approximate Size (sq. ft.) Primary Activity Oxford, Massachusetts Owned 502,300 Diodes, components, complete device manufacturing, R&D, administration Burbach, Germany Owned 499,500 Optical fiber, components, final assembly, complete device manufacturing, R&D administration Fryazino, Russia Owned 473,700 Manufacturing, R&D, administration Leased June 2021 - August 2022 80,500 Components, complete device manufacturing Minsk, Belarus Owned 271,500 Manufacturing Marlborough, Massachusetts Owned 243,000 Components, manufacturing, applications, sales, R&D, administration Davenport, Iowa Owned 160,300 Systems integration, administration Leased March 2022 46,500 Systems integration, sales, administration Our corporate headquarters is in Oxford, Massachusetts. As of December 31, 2020, we occupied more than 3.0 million square feet of facilities worldwide. Of this we own 2.5 million square feet and lease 0.5 million square feet of building space, of which the majority is used for manufacturing. We operate four principal manufacturing facilities for fiber lasers, laser systems, fiber amplifiers, and related optical and mechanical components, which are located in the United States, Germany, Russia and Belarus. We conduct our major research and development activities in Oxford and Marlborough, Massachusetts; Burbach, Germany; and Fryazino, Russia. 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. The productive capacity at our current facilities is substantially utilized. We plan to continue the expansion of our operations and build manufacturing in Germany, the United States and Belarus to meet the demand for our products and our sales and support needs.