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ESK Ceramics, based in Kempten, South Germany, and with a subsidiary in Bazet (France), is one of the world's leading manufacturers of advanced products and materials for industrial applications. ESK was founded in 1922 in Kempten. Our 18 successful brands and 10 specialized materials are the basis of a portfolio that customers from all key industries worldwide have come to rely on. ESK's 15 current patents secure our technological leadership in numerous applications. To further enhance our lead, the company annually invests around 3% of sales in R&D. Since 2004, ESK has been a wholly owned subsidiary of Ceradyne Inc. Ceradyne is a publicly listed company (NASDAQ: CRDN) based in Costa Mesa, California, with over 2,230 employees at a total of 14 sites. Its sales reached USD 662 million in 2006 (around € 480 million).