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Fette to Invest €30 Million in Production

Posted by: Mu Ju 2019-10-26 Comments Off on Fette to Invest €30 Million in Production

Fette GmbH, a subsidiary of the Leitz Metalworking Technology Group in Oberkochen, Germany, will be investing €30 million in its Schwarzenbek production site between now and 2010. The money is being invested equally in overall modernization and in the production facilities of the toolmaking and compacting business divisions. Additionally, funds for the research and development of resource-efficient tool systems are being increased.

“In a globalized economy, small and medium-sized enterprises distinguish themselves through their ingenuity, their flexibility, and their proximity to customers,” explained Dr. Dieter Brucklacher, chairman of the supervisory board of Fette on the occasion of the toolmaking and mechanical engineering firm’s 100th-anniversary celebrations. “We in the Leitz group of companies firmly believe in these strengths and intend to develop them further in the tradition of a family business.”

Dr. Michael Heinrich, managing director of LMT, stressed that the investment strengthens the Schwarzenbek site and offers Fette an opportunity to continue to play a leading role in the LMT Group. “Our services as tool specialists are in great demand worldwide in all key markets and industries of the future,” he said. “As a network of specialists, we want to utilize these opportunities for growth. That entails a targeted strengthening of the group’s various sites.”

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