By: Amanda McCormack
EUROPEAN PLASTICS NEWS
March 14, 2014
Switzerland’s Adval Tech Holding Ltd. will consolidate its mold construction business under the brand name Foboha.
Foboha consists of four Adval Tech mold construction companies which used to be more or less independent of each other — Germany’s Foboha Formenbau, Switzerland’s AWM Mold Tech, Omni Industries Tech Center in Suzhou, China, and Foboha US in Beverly, Mass.
The U.S. facility is a service center with no independent mold making.
All four of the companies will have their sales controlled by the Foboha German office in Haslach.
Hansjörg Keusgen, head of sales and marketing for Foboha, told European Plastics News that no jobs would be lost as a result of the re-organization.
“For our global customers this new structure leads to a lot of positive options,” he said. “They now have the possibility to use only one source for premium moulds in Europe and Asia.”
Foboha’s site in Germany has 195 employees, the site in Switzerland has 65 employees and the site in China has about 100 employees.
Adval Tech, based in Niederwangen, Switzerland, will focus on injection molding and metal stamping
The new Foboha, according to Adval Tech, will mostly serve the packaging and medical industry.
Adval Tech reported annual sales for 2012 of 280 million Swiss francs ($321.5 million).