By region, here are Feintool's recent manufacturing investments:
In Asia, the new India plant will start with fineblanking capacity, initially producing seat adjuster components for various car makers in Asia. Feintool is internationally recognized as a market leader in seat components. Then, in an expansion stage planned for this plant, forming capacity is likely to be added. This will allow for part production for hybrid vehicles for customers in this part of the world.
In Europe, high-volume fineblanking performed at our plant in Lyss, Switzerland, is being relocated to an existing state-of-the-art plant in Most, Czech Republic. Our Lyss site will focus on its role as a center of excellence for fineblanking tooling, as well as for production technologies related to emerging hydrogen applications.
In North America, where our market share gain in the automotive industry has been strongest, Feintool recently completed an expansion of over 4,300 square meters to our plant in Nashville. The expansion will add to our U.S. capacity in both fineblanking and forming, with new equipment including an 880-ton fineblanking press and a 1,600-ton servo-driven transfer press for forming.