TPT May 2017

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I NDUS T RY
16 MAY 2017
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.
Schuler itself continues to expand
its market position in China as
a manufacturer of metalforming
equipment. The two parties agreed to
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.
“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
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
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.
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.
Schuler AG – Germany
Fax: +49 71 61 66 233
Website:
The Schuler Group has sold its
Tianjin technology centre to Feintool
Photo credit: Schuler