Feintool has won a substantial contract to supply rotors and stators (the main components of electric motors) to a new key customer. The multi-year contract for this renowned European OEM involves a lifetime volume in the triple-digit million Euro range. This success illustrates the importance of Feintool's strategy which focuses on electrification.

Feintool achieved its objectives for the first half of 2022. The group generated sales of CHF 411.5 million and positive EBIT of CHF 14.6 million in the period through June 30, 2022. CEO Knut Zimmer will step down at the end of 2022, and will be succeeded by Torsten Greiner.

At EuroBLECH 2022 in hall 27, booth H128, Feintool is presenting pioneering technologies and components ensuring economical, long-lasting and sustainable reliability in demanding business areas such as automotive, industry and renewable energies. Furthermore Feintool takes the chance to present new applications in high-volume production.

Leveraging performance potential for more cost-effective manufacturing – with FEINforming, Feintool is paving the way for a new efficiency class of fuel-cell drives.