New production site: Feintool continues success story in Asia with plant in India
29 Enero 2024 - 11:30PM
UK Regulatory
New production site: Feintool continues success story in Asia with
plant in India
With the founding of "Feintool System Parts India Pvt
Ltd" and a new production site in the metropolitan region of Pune,
Feintool is consolidating its strategic position as an important
supplier of high-precision parts in Asian automotive
production.
With an initial investment of CHF 15 million, Feintool is moving
closer to long-standing customers who already produce in the
region. "Feintool System Parts India Pvt Ltd" is establishing its
presence in a promising market and reducing its CO2 footprint
through significantly lower delivery-related emissions. Feintool
production in Pune is expected to start in summer 2025.
«With our expansion into India, we are meeting the needs of our
long-standing customers, entering a promising geographic market and
contributing to shorter and, therefore, ecologically sustainable
supply chains.»
Torsten Greiner, CEO Feintool
The new facility in Pune complements Feintool's presence in
Asia, with two production sites each in Japan (Atsugi and Tokoname)
and China (Taicang and Tianjin). In the initial phase, starting
from 2025, seat adjusters for various major automotive
manufacturers will be produced in India. Feintool is the global
market leader in the production of this fineblanked component. The
site will also facilitate the implementation of new applications in
the areas of battery and hydrogen-powered mobility, industry, and
renewable energies in the future.
«We are pleased that we can now meet customer demand for
production in India with the new Feintool plant in Pune and offer
our technological expertise in the production of high-precision
automotive parts locally.»
Marcel Pernici, President Feintool System Parts Asia
About Feintool
Feintool is an internationally active technology market leader
in the field of fineblanking, formed steel components and stamped
electro sheet metal products. Cost-effectiveness, superior quality,
and high productivity distinguish these technologies. As an
innovation driver, Feintool continually pushes the boundaries of
these technologies and develops intelligent solutions to meet its
customers’ requirements. Feintool offers innovative tools and
state-of-the-art manufacturing processes for all aspects of
high-volume sheet metal applications in the automotive industry and
other demanding industrial sectors as well as renewable energies.
The processes used support the megatrends of green energy
generation, storage, and application. Founded in 1959 and
headquartered in Switzerland, the company owns 17 production plants
in Europe, the United States, China, and Japan, ensuring proximity
to its customers. Around the globe, about 3,300 employees and over
100 apprentices are at work on new solutions to create key
advantages for customers. Feintool, which is listed on the stock
exchange, is majority-owned by the Artemis Group.
Feintool International Holding
AG
Industriering 8
3250 Lyss
Switzerland
Media spokesperson
Karin Labhart
Phone +41 32 387 51 57
Mobile +41 79 609 22 02
karin.labhart@feintool.com
www.feintool.com
The press release can be downloaded from the following link:
Press Release (PDF)
Feintool (LSE:0QLM)
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