en.Wedoany.com Reported - Swiss precision stamping component manufacturer Feintool officially inaugurated its first production base in the Indian industrial city of Pune on June 24. The factory is currently ramping up capacity to fulfill initial customer orders, focusing on the production of precision stamped automotive components.
Feintool operates 18 production bases across Asia, Europe, and the United States, with core processes encompassing fine blanking, cold forming, and high-speed stamping of electric motor cores, providing high-volume production of precision components for customers across various industries.
CEO Lars Reich stated at the opening ceremony that the strategic significance of the Pune plant lies in meeting customer demand for localized production in India. Feintool is well-positioned to benefit from the booming Indian automotive industry, continuing to capitalize on this growth momentum and seize opportunities presented by the Indian industrial market.
Marcel Pernici, President of Feintool Asia, noted that the company adopts a "localized service" model, supplying directly to customers in their regions while leveraging global technical expertise. This approach enables more flexible responses to market changes, reduces the impact of geopolitical factors, and consistently ensures the high reliability that customers expect.
India is currently the world's third-largest automotive market and is expected to maintain strong growth in the future, while its importance as an export hub is also increasing. Many of Feintool's existing automotive customers are expanding their operations in India and urgently require reliable local supplier support.
Tobias Gries, Managing Director of Feintool India, is responsible for local business development. He stated that the company has assembled a strong team in India and is gradually increasing production capacity at the Pune plant, leveraging global expertise. Initial focus is on fine blanking products for automotive seat systems. Future plans include expanding into cold-formed products, electric motor cores, and hydrogen energy applications. The factory is already prepared for subsequent expansion.
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