Annual Report (PDF) - Feintool

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16 Plastic/Metal Components Segment Market expansion and upgrading of capacity The Mühlemann Group reached its sales growth target of CHF 62.9 million. Further improvements to processes enabled it to meet its operating profit target as well. Production started in Antioch, Tennessee and work has begun on extending capacity at the Biberist plant. Olaf Meik Managing Director of Mühlemann Group Sales by region � Europe 94% � North America 5% � Asia/rest of the world 1% Steady growth from a strong base Mühlemann succeeded in achieving its expected sales growth last year thanks to its solid reputation and its traditional customer base in expanding sectors. The commitment of its staff and the high degree of automation in production enabled it to improve on its operating result for the first time. Its core competencies of stamping and moulding technology, stamping/moulding tool Plastic/Metal Components Segment from 1 May 1999 1999/00 1998/99 (5 months) Sales CHF m 62.9 23.5 Change from previous year % n.a. n.a. EBIT CHF m 4.7 1.6 Change from previous year % n.a. n.a. as percent of sales % 7.5 6.9 Total assets CHF m 56.7 46.6 Change from previous year % +21.8 n.a. manufacture, injection moulding technology and assembly technology together with efficient logistics have made Mühlemann the leading supplier of precision plastic/metal components. The company is highly regarded not only by its customers but as an employer in the Solothurn region. In the year under review, Mühlemann was able to meet growing demand and customer requirements for support in component development and production facilities in North America. Investment was thus targeted at modernising the manufacturing plant in Biberist, at boosting production capacities in the Antioch, Tennessee plant and at creating a new Engineering unit. Using the Feintool platform Mühlemann’s skills in the production of plastic/metal components will be incorporated and steadily developed within the global Feintool platform – as in Tennessee – in line with Feintool’s overall strategy of expanding its parts and components range and concentrating on high-volume production orders with a high element of added value.
Highlights � Award of QS 9000 and VDA 6.1 certificates � Start of production in the Feintool plant at Antioch, Tennessee � Land purchased and work begun on expanding the Biberist production facilities � Setting up of the Engineering unit in Biberist Outlook A healthy order book and the start of work on new products form a solid basis for further growth in sales and earnings in the 2000–01 financial year. The expansion of the Biberist site will create the conditions for optimal materials flow and help the Mühlemann Group speed up its progress towards becoming a skills and technology centre. Production at the US site will be stepped up and it will eventually have its own marketing and sales organisation. Processes and the order structure will be optimised with a view to improving earning power. Companies in the Mühlemann group Mühlemann Holding AG, Biberist Mühlemann AG, Biberist Muhlemann US Operations, Inc., Antioch A high-volume assembly machine assembles a spring switch for Bosch Scintilla from a current conductor, a brush holder, a retaining plate and a contact plate. Apart from the carbon brush, all the parts in this picture are made by Mühlemann AG. Breaking the ground for Mühlemann’s new extension in Biberist: from left to right Dr Beat E. Lüthi, Fritz F. Boesch, Heinz Lehmann, the mayor of Biberist, and Olaf Meik. Muhlemann US Operations, Inc., has got off to a good start in manufacturing plastic/metal components at the new Feintool plant in Tennessee. 17
Page 3 and 4: Contents 2 Profile 3 Key Figures 4
Page 5 and 6: Feintool Group 1999/00 1998/99 1997
Page 7 and 8: Highlights The following highlights
Page 9 and 10: Asia America Europe The Group Manag
Page 11 and 12: ising order intake. The adoption of
Page 13 and 14: Brake discs have to absorb and cont
Page 15 and 16: The company plans to retain its tec
Page 17: IMA’s high-performance assembly p
Page 21 and 22: Motorists and their passengers rely
Page 23: Shareholder structure (30.9.00) Num
Page 26 and 27: 24 Consolidated Balance Sheet CHF 1
Page 28 and 29: 26 Consolidated Statement of Cash F
Page 30 and 31: 28 Notes to the Consolidated Financ
Page 38 and 39: 36 5 Summary of property, plant and
Page 40 and 41: 38 Auditor’s Report on Consolidat
Page 42 and 43: 40 Balance Sheet of Feintool Intern
Page 44 and 45: 42 Notes to the Financial Statement
Page 46 and 47: 44 Notes to the Financial Statement
Page 48 and 49: 46 Report and Proposal of the Board
Page 50: 48 Adresses Switzerland Feintool In

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