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Archive for year: 2020
PrimoTECS – a new Player in the Forging Market
Hot, warm and cold forging on vertical presses with press forces between 630 and 3000 tons and hot forging on Hatebur 70, 50 and 30 presses rounded of by machining processes: Only very few companies have this wide spectrum of processes at their disposal. PrimoTECS, which was born out of the two Italian plants formerly belonging to the Tekfor Group, is a new player in the European forging business. Acquired and now backed by Mutares SE in February 2020 and integrated into Mutares’ Portfoliosegment Automotive & Mobility, PrimoTECS is exceptionally financially stable, aiming for long-term customer relationship with a continuously profitable growth. PrimoTECS offers its customers the possibily to consolidate the supplier base – one single supplier being able to deliver a wide range of forgings:
- Long closed-die hot forgings on vertical presses up to 3000 tons press force: conrods, common rails, balancer shafts, axle stubs, geometrically intricate wheel hubs
- Precision forgings made by warm forging processes: CVJ components, rotor shafts, hollow transmission shafts, differential bevel gears
- Cold forged shafts for transmission and powertrain applications
- Components from Hatebur 30, 50 or 70: Wheel hub inner and outer races, gear blanks, pulleys, bearing rings
With its previous production- and development-oriented structure, PrimoTECS has only a small overhead and is able to offer its products at very competetive prices. It is located in the Torino area in norther Italy, a region with a long history of automotive and forging production with a dedicated engineering and production workforce.
Health & safety at workplaces at PrimoTECS
Following the Automotive Industry Code of Business Conduct in view of COVID-19, following measures are taken:
COVID-19 Impact on our business
Dear Business Partner,
We would like to provide you with a brief update on Covid-19 recent developments and related effects on our company’s business activities.
As newspapers are reporting, the situation is continuing being critical and the Italian government has prolonged its preventive measures until the 3rd of May 2020.
Following our letter dated 3rd of April 2020, by which we notified you about the impossibility to continue with the scheduled manufacturing activities and the inevitable shut-down of our production facilities due to force majeure, we inform that circumstances have unfortunately not changed. We do not have the permission to reopen our production facilities in Avigliana and Villar Perosa for the upcoming three weeks. As a consequence, we will not be in the position to guarantee delivery times. Of course, we are striving to make our restart in the most efficient way, that we are planning for the 4th of May 2020.
To prepare adequately our whole value-chain for this efficient restart, we do need your visibility. We would like to ask you to update within the next working-days your call-off-orders for the upcoming weeks until end of May.
Please be reassured that it is our priority to keep a transparent and profitable communication with all our valuable partners. We will therefore continue to keep you updated about any further development and actions that will be taken with respect to the Covid-19 pandemic.
Our customers are of the highest importance to us. Let us prepare for an efficient restart and let us use this difficult period to strengthen our business-partnership.
If you do have any questions, please feel free to contact us directly, we are at your disposal.
Thank you, in advance, for your understanding, trust and partnership.
With best regards,
Your PrimoTEAM
primotecs.com
We are newly certified for IATF 16949:2016
Dear Business Partner,
Herewith we’d like to inform you about the successful Certificate of Registration for IATF 16949:2016 that has taken place last week.
This certificates that the Quality Management System of PrimoTECS S.p.A. – for both plant-locations, Villar Perosa and Avigliana – has been assessed by TÜV SÜD and found to be in conformance to the automotive international quality standard IATF 16949:2016.
The scope of Registration is to guarantee the Manufacturing of pressed steel components & respective processing and assemblies in compliance with the most widely used international standards in the automotive industry.
We are convinced that this certification, its defined criteria and high expectations helps us to improve our quality and service performance, through a robust quality management system. Those points are crucial for us to gain the trust of our stakeholders and show this via internationally accepted standards.
Because we are proud on the achieved result, we like to share some strengths highlighted by the auditor with you:
Our production in both locations, especially the interacting employees in production, have shown a thorough knowledge and awareness of their tasks, especially for the activities of self-control of the product, as well as management of the machine.
At the control stations in production, each instrument used for a specific measurement shows the drawing of the measurement to be controlled and the measurement method.
Concerning the process development & industrialization, the auditors highlighted the useful and detailed drawings, that clearly describe the set-up of the equipment (forging and machining) and the sequence of the manufacturing operations.
We are approaching the business in a structured and organized way, we are analysing and improving the whole value-chain of our processes and their interactions, by means of a continuous improvement approach. This approach is to ensure the quality of PrimoTECS products and services. Because we are striving to be a reliable business-partner for you.
If you have any questions, please feel free to contact us directly.
Thank you, in advance, for your understanding and trust.
Sincerely,
Your PrimoTECS-team
Acquisition of Tekfor S.p.A.
Mutares starts into 2020 with the successful completion of the acquisition of Tekfor S.p.A.
- Well-known Italian manufacturer of automotive components with sales of approx. EUR 120 million expected in 2020
- New platform investment strengthens the Automotive & Mobility segment
- Tekfor S.p.A. now operates under the new name PRIMOTECS
Munich/Milan, 4 February 2020 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of the Italian business of Tekfor Group, a manufacturer of high-quality components for Tier 1 and Tier 2 suppliers in the automotive industry. With the successful completion of the acquisition, the Italian company will operate and market under the new name PRIMOTECS.
PRIMOTECS employs approx. 670 people and operates two production sites in Northern Italy, where it produces components for use in electric, hybrid and conventional powertrains. The company has established itself as a well-known, profitable supplier within the automotive sector as well as the truck industry and related industries. In financial year 2020, the system supplier expects sales of approx. EUR 120 million with a break-even operating result. Under the new name PRIMOTECS, which stands for Mobility, Transmission, Engine Components & Solutions, the company will concentrate on the development of the current business, the capitalization of the acquired know-how and acceleration of further collaboration with customers.
“We are happy having completed the acquisition of PRIMOTECS and welcome our new colleagues to the Mutares family. I am convinced that due to our operational experience and expertise in the automotive segment, together we will develop PRIMOTECS successfully and bring even more value to its customers by extending the offering towards a solution supplier”, says Johannes Laumann, CIO of Mutares.