Shareholders approve all proposals
The shareholders of Feintool International Holding AG approved all proposals tabled at its General Meeting on April 30, 2019.
At the Ordinary General Meeting of Feintool International Holding AG on April 30, 2019, shareholders gave the nod to the annual report and the annual financial statement for 2018. The requested dividend distribution of CHF 2.00 per registered share was also approved.
All members of the Board of Directors were confirmed in their positions, including Alexander von Witzleben as Chairman and Dr. Michael Soormann as Deputy Chairman. Both the Remuneration Committee and the Audit Committee are made up of Dr. Michael Soormann (Chairman) and Alexander von Witzleben. Thomas A. Erb, Heinz Loosli and Norbert Indlekofer complete the board.
In a brief
Feintool is an internationally active technology and market leader in the field of fineblanking. This technology is characterized by cost-effectiveness, highest quality and productivity.
As a driver of innovation, we continually expand the horizons of fineblanking and develop intelligent solutions to meet the requirements of our customers: either fineblanking systems with innovative tools or the complete production of precise fineblanked, formed and stamped electro sheet components in high outputs for demanding industrial applications.
The processes used support the trends in the automotive industry. Feintool acts as a project and development partner in the areas of lightweight construction/sustainability, module variations/platforms and alternative drive concepts such as hybrid and electric drives.
The company, founded in 1959 and headquartered in Lyss, Switzerland, owns its production plants and technology centers in Europe, the United States, China and Japan, always making sure to be geographically close to its customers. Around 2,700 employees and over 80 trainees work worldwide on new solutions and create key advantages for Feintool customers.
Net sales grew due to acquisition – read more about Feintool’s first quarter 2019 results.