Feintool covers the entire fineblanking process, from component design and tool construction to system engineering and large-scale parts manufacturing. Furthermore, the group uses other key processes such as cold forming and electrolamination stamping. In addition to financial resources, tangible assets, raw materials, and components, added value is primarily created through the knowledge and expertise of our employees, who continuously upskill and expand their qualifications.
As the only full-service provider in the worldwide fineblanking and forming market, we offer our customers a compelling advantage – we combine global services with local support to create a product and service package that is tailored to their specific requirements and needs. Feintool offers premium quality and maintains lasting customer relationships based on precision, reliability, and mutual trust.
In addition, we also add value along the supply chain and in the 16 locations where the group operates around the world. In 2020, the Feintool companies paid a total of 2.0 million Swiss francs in taxes.
Sustainable investments secure growth
After years of growth, 2020 was a challenging year for the Feintool Group. The outbreak of the coronavirus pandemic has created additional uncertainties. The complex negative market trends around the world have been accompanied by additional global trends and coincide with a transformation process in the automotive industry.
This also affected Feintool’s business performance in the period from January 1, 2020, to December 31, 2020, with consolidated sales falling by 22.2 percent to 492 million Swiss francs. Operating earnings (EBIT) totaled 3 million Swiss francs. The company experienced declines in the United States and Europe, as well as in the presses and systems segment. On the other hand, business in Asia grew by around 10 percent. The latest financial reports are available here.
We have prepared ourselves for an uncertain market environment and are systematically pursuing a long-term, i.e. sustainable, growth strategy, the central drivers of which are investments in employee training, in research and technical innovations that conserve resources, in efficient production, and in cultivating strategic partnerships. 90 percent of our activities in support of sustainable business practices generate a financial return for the company.