TPT May 2017

I NDUS T RY

Schuler sells technology centre to Feintool THE Schuler Group has sold its technology centre in Tianjin, China, to the Swiss company Feintool. Based in Lyss, Switzerland, the company plans to produce precision components for the automotive industry in Tianjin using Schuler presses. maintain confidentiality regarding the details of the transaction. Feintool intends to expand production capacity in Tianjin during the course of the year with the use of Schuler technology. who can now take this task to the next level.” The chairman of the board of directors of Feintool, Alexander von Witzleben, explained that Feintool’s investment in China was in response to customer demands for global presence and worldwide expertise. “This will enable us to close a strategic gap in Asia,” he said. Schuler itself continues to expand its market position in China as a manufacturer of metalforming equipment. The two parties agreed to “Since its launch in 2014 our TechCenter in Tianjin has been very well received by the market,” stated Schuler CEO Stefan Klebert. “Local demand for Schuler to produce automotive

Feintool will retain all employees and infrastructure of the plant in Tianjin, as well as existing customer orders. Schuler supplies presses, automation solutions, dies, process know-how and services for the metalworking industry and lightweight automotive design. Customers include automobile manufacturers and suppliers as well as companies from the forging, household appliances, packaging, energy and electronics industries.

components in China grew strongly in 2016 in particular. We have therefore achieved our strategic target of inspiring customers in China to use Schuler technology. However, our core business is the production of plant and machinery rather than vehicle components and we are therefore happy to have found a strong buyer in Feintool

The Schuler Group has sold its Tianjin technology centre to Feintool

Schuler AG – Germany Fax: +49 71 61 66 233 Website: www.schulergroup.com

Photo credit: Schuler

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MAY 2017