NEWSROOM

Feintool US Operations held its annual customer symposium in Cincinnati on October 16 and 17, 2019. Leading automotive OEMs and Tier suppliers gathered to gain perspective and learn how to enhance productivity in an environment where increased global competition, disruptive technologies, tariffs, and labor disputes are the new normal.

From 9 to 12 October 2019, MAKTEK Izmir, one of the largest machine fairs in the Eurasian region, will open its doors. Feintool will presents its fineblanking portfolio to an expert audience in Izmir, Turkey.

Fineblanked and formed parts are becoming lighter and smaller. At the same time, the demands on their strength are increasing. Likewise, the demand for procedures that improve their performance have increased over the past few years accordingly.

More than 120 customers, local authority representatives and suppliers followed the last weeks expansion ceremony of the cold forming plant. The most modernist plant with state-of-the-art equipment, technology of tomorrow and 100 well trained staff reflects a long-term commitment of Feintool in China and a vote of confidence in the Chinese automotive market.

Laser cutting, stamping and in-tool lamination core stacks: Feintool showed the latest content of its technology portfolio at CWIEME in Chicago from 17 to 18 September 2019.

Feintool has been a close partner of the machine tool laboratory WZL at RWTH Aachen University for many years. At two expert meetings Markus Schaltegger, head of Feintool Technologie AG, will support the WZL’s team with knowledge and our many years of experience innovating in the field of fineblanking technologies.

In a challenging market environment, the technology company Feintool recorded a slight decline in revenue in the first half of 2019, falling by 1.6 percent year over year to CHF 332 million. The decrease in the ongoing parts production and equipment business and negative currency effects were largely offset by additional net sales from the newly acquired electro lamination stamping business and ramp-ups of new parts orders. EBITDA amounted to CHF 34.8 million, and Feintool continues to expect a sustained positive net result for the entire 2019 financial year.

The employees at Feintool System Parts Ohrdruf GmbH welcomed Spain native José with open arms back on September 1, 2015, when he began his training to become a cutting machine operator. He received a traineeship in Germany as a participant in the “The Job of My Life” program. He took advantage of the opportunity and has now successfully finished his training.

Feintool’s 50th XFT2500 system, completed at the company’s Pressing Competence Center in early June, has reached its destination at the customer Kern-Liebers in the Czech Republic. A visibly pleased Managing Director Jaroslav Kopp explains the reasons behind the purchase of the press.

At exhibitions and congresses: Feintool presents modern solutions for the automotive industry and informs about trends and innovations.

Employees from over 10 nations enjoyed a summer event, which has been organized by themselves. At the lake of Neuchâtel, the colleagues from the production plant in Lyss, spent quality time with their families by networking, listening to music, dancing and tasting self-made delicacies from all over the world.

The XFT2500 press was introduced at EuroBLECH 2010. This year, the 50th one left the Press Competence Center in Jona: The XFT2500 from Feintool Technologie AG has proven to be a success. In Jona, the 50th delivery of the XFT2500 was used for a thank you to all employees involved.

Laser cutting, stamping and in-tool lamination core stacks: Feintool showed the latest content of its technology portfolio at CWIEME in Berlin from 21 to 23 May 2019. At the industry meeting for manufacturers of electric motors, generators and transformers, Feintool presented itself as a system partner along the entire process chain relating to electro sheet.

Feintool participated at the CTI Symposium in Novi, Michigan, 13-16 May with FeinClutch technology as a high-light. As the premier event for automotive transmission, HEV and EV drives the happening attracts automotive suppliers, transmission manufacturers, and OEMs from North America, Europe and Asia. CTI also featured talks on autonomous driving, NVH, and tools for performance forecasting.

At the traditional “CEO-Brunch”, Knut Zimmer got up close and personal with Feintool’s up-and-coming experts of tomorrow. The approximately twenty trainees in four different professions at the plants in Switzerland took the opportunity to get some personal and professional answers from the CEO.

The shareholders of Feintool International Holding AG approved all proposals tabled at its General Meeting on April 30, 2019.

Between January 1 and March 31, 2019, the technology group achieved net sales of CHF 174 million. Adjusted for currency effects, this amounts to an increase of 7.5%. Business of parts production grew – thanks to the acquisition in the field of electro sheet stamping – by 6.7% without exchange rate effects. The capital goods segment recorded an increase in net sales of 9.9% on an already high level.

Energy-saving hydraulic drive, high rigidity and minimal cutting impact – three of numerous key advantages of the FB one fineblanking press that Feintool recently launched on the market. On 8th and 9th April 2019, Markus Schaltegger, Head of Feintool Technologie AG, attended the “Kongress Stanztechnik” in Dortmund with his team. In a specialist presentation, he outlined the technological and production-oriented advantages of the FB one, while the latest trends in fineblanking technology were demonstrated at the booth.

In Japan, the automotive supplier Imasen named Feintool "Excellent Supplier 2018" in the "Improvement of Efficiency" category.

The technology company can once again look back on a positive financial year: Net sales grew by 11 percent year on year in 2018 to reach CHF 680 million, while operating earnings (EBIT) amount to CHF 48 million. The operating margin stands at 7 percent. The group’s net result increased by 9.9 percent to more than CHF 30 million.