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FEINTOOL USA CORPORATION
Technology makes this shop prosper in the auto market.
The machine shop at Feintool USA Corp. is captive.
It is an essential part of the company's integrated operations and makes all of the progressive dies that the fineblanking operations need.
However, just because it is a captive operation and has an assured market for its work, doesn't prevent the shop from adapting new technologies. It has to.
The company is in one of the most competitive markets, and its shop has to stay ahead of its competition.
Feintool USA gets 95 percent of its sales from the automotive industry and, contrary to most other companies' experience in that market, Feintool USA is growing.
Feintool USA is a Swiss-owned company that has been producing fineblanked parts for the automotive industry in Cincinnati for 30 years. The company is a leader in fineblanking, a metal stamping process that uses progressive dies to turn out a wide variety of parts, including parts for seating, transmissions and safety and security devices for the auto industry and medical components. Its parent company makes similar parts for the European auto markets, and a sister company does similar work in Japan.
Feintool USA counts as its customers General Motors Corp., Ford Motor Co., Chrysler LLC, Toyota America and Honda Motor Manufacturing USA. It competes - and wins contracts away from - units of Toyota and Honda because it has developed niche technologies in fineblanking that put its products ahead.
"Our success comes primarily from the fact that we consider ourselves to be a...