Wolfhausen, November 15, 2019 – FoamPartner Fritz Nauer AG, with headquarters in Wolfhausen (Switzerland), is building a converting center for industrial foams at the company’s site in Duderstadt (Germany). The new center is scheduled to go on-stream in the first half-year of 2020 and will lead to the creation of several new jobs.
“There is a rising demand for custom-tailored technical foams in specialized industrial application areas,” says Dr. Michael Riedel, CEO of FoamPartner. “For this reason, we have decided to build a new converting center that meets this trend and will significantly expand our supply capacities for industrial foam products.”
The new center will be equipped with state-of-the-art technology to provide customized technical foam solutions for various applications. Solutions are particularly aimed at acoustics, sealing and filtering, as well as in household, surface treatment and packaging segments. The center will mainly process foam materials from the company’s own three European production sites in Leverkusen, Duderstadt and Wolfhausen.
Several different manufacturing cells in the new converting center will deliver customer-specific products in FoamPartner’s proven best-in-class quality. It will be using advanced control and process technologies amongst others in cutting, stamping, milling, drilling, laminating and packaging. In addition, there will be a small-scale machining center for customized specialty products in lower volumes.
With a surface area of 8,500 square meters, the new converting center for industrial specialty foams represents an overall investment of approximately 10 million euros. Following the construction approval by the local authorities, work on the new center has already started, with inauguration scheduled for the first half-year of 2020. Moreover, Duderstadt will also take over most of the production business of the group’s site at Stadtallendorf (Germany), which is expected to close operations by end of June 2020 for infrastructural and technical reasons. The consolidation of FoamPartner’s European manufacturing sites will strengthen the company’s competitive standing in the market and will have no impact on the reliable supply of products to customers.
Zurich, November 10, 2020 – Conzzeta reports the signing of a binding agreement to divest its FoamPartner business unit to Recticel, the Belgium specialist in polyurethane chemistry, headquartered in Brussels and listed on Euronext (REC), for an enterprise value of CHF 270 million. The closing of the transaction is expected in the first quarter 2021, subject to regulatory approval.keyboard_arrow_right
Zurich, November 10, 2020 – Ernst Baertschi, Chairman of the Board of Directors of Conzzeta, will host today’s virtual Conzzeta capital markets day. Conzzeta Group CEO Michael Willome will provide an update of the Group’s strategic transformation. Bystronic CEO Alex Waser with part of his management team will present Bystronic’s strategy.keyboard_arrow_right
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