NEWSROOM

Feintool System Parts Europe has achieved the Special Award in the category "Busi-ness Unit Transformation - Learning Organization". Special aspects of efficient lean management methods are assessed and verified for their sustainable success.

The technology group Feintool will achieve sales of around CHF 300 million in the first half of 2021, driven by the recovery of the automotive industry. Thanks to the high capacity utilization of the plants and their increased profitability, an operating EBIT margin of around 6% is expected. Furthermore, long-term financing is secured by a renewed promissory note of EUR 35 million.

In 2020, the Feintool Group made significant progress in sustainable development: The share of renewable energy in the electricity mix was increased by more than 12 percent year-on-year to 30 percent. Since the beginning of 2021, all plants in Germany have also been sourcing 100 percent green electricity. In its new Sustainability Report for 2020 published today, the technology group has documented facts and figures relating to its sustainability strategy.

A clear roadmap towards sustainability: Once a year, Feintool determines its sustainability performance, which it achieves with its entire business activity.

The Italian based fineblanking company invests in state-of-the-art technology and has ordered the first of the most powerful fineblanking press FB one series with a total force of 1100 tons from Feintool.

The third part concluded the digital event series "Feintool Technology Forum 2021". In his presentation, Marc Schneeberger, Head of Global Services at Feintool, explained how FEINmonitoring and Smart Maintenance turn system availability and the maintenance of a press into a success story.

Last week, the second digital event of the three-part Feintool Technology Forum went off successfully with over 150 participants from Europe, Asia and America. In an interview, Sven Hofstetter, Head of the Tools Competence Center at Feintool, explains what a perfect world of parts removal looks like.

The shareholders of Feintool International Holding AG approved all proposals listed at the Annual General Meeting of Shareholders on 20 April 2021.

The first webinar of the three-part Feintool Technology Forum took place this week. The digital event series focuses on Feintool's latest generation of presses and how they pave the way for forward-looking solutions in high-tech production.

Feintool has entered into a strategic partnership with Automation W+R in the field of automatic quality inspection. The company builds fully automated surface inspection systems.

In virtual form for the first time: Feintool's annual media conference. You can see the financial and business reporting, our highlights of 2020, important innovations and our growth potential for the future here in the attached video.

Despite the impact of the COVID-19 pandemic and the continuously difficult market environment Feintool was able to close out the 2020 financial year with an EBIT slightly in the black in the amount of CHF 3.3 million.

Interruptions in production are high risks that may quickly become expensive. In the SPACIER research project, scientists and experts from industry are using artificial intelligence (AI) to develop new solutions that will better protect companies and entire industries from disruptions.

Two pedal arms, one cover plate, and two console elements – behind the scenes, all these fineblanked precision parts contribute to the safety of passengers in vehicles.  For years, Feintool has been advancing developments in this area and recently acquired a long-term order for a well-known supplier of a German automobile manufacturer.

Due to the global economic downturn caused by the Covid-19 pandemic, Feintool generated sales of 492 million in 2020, 19.1% less than in the previous year in local currency terms. The second half of the year has shown a significant market recovery.

Fineblanked automotive parts, such as clutch plates, are often subjected to tremendous wear and stress. Components with the controlled surface, flatness, perpendicular cutting surfaces and a clean finish throughout the entire material thickness bring the precision and reliability to the hard-working transmissions.

An important element of the successful fineblanking process chain is the part and waste removal, especially at high stroke rates. Feintool experts shared their longtermed knowledge at the 13th Annual Conference of the Fineblanking Confederation of the Chinese Metalworking Industry (CCMI) in Foshan.

Sustainable business operations not only entail manufacturing economical products from safe materials, but also require rethinking how the company is set up. Feintool has committed itself to sustainable management, as examples from Germany and Switzerland show.

The technology group Feintool recorded a significant decline in sales in the first half of 2020 due to the COVID-19 pandemic. But from today’s perspective, the group expects slightly higher sales and significantly improved profitability in the second half of the year.

Feintool has published its first sustainability report for the year 2019. The report transparently communicates the company’s long-standing achievements in the areas of economics, environment, and social affairs and makes it possible to compare them with other organizations around the globe.