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Swiss Feintool has started construction of its first manufacturing plant in the Czech Republic, in Most. The plant will produce car components and is expected to launch production by end of 2018, with 60 employees by early 2019. Investment totals CZK 1.26 billion.
Schuler Group sold its technology center in Tianjin, China, to Swiss company Feintool. Feintool will produce precision automotive components using Schuler presses. The purchase agreement is expected to close at the end of March 2017.
| Site | Largest | Latest |
|---|---|---|
| Most, Czechia | $55.0M | 2017-12-06 |