On November 10th, Seco Tools held its opening ceremony for a new factory for pressing and sintering carbide inserts in Fagersta, Sweden.
The new plant is directly adjacent to the existing production plant, which means a total of approximately SEK 1.5 billion in equipment and plant investment over the past two years.
Kai Wärn, President and CEO of Seco Tools, said, “This investment should be seen as a testament to Seco Tools’ long-term commitment to establishing an absolute leading position in technology and quality in the field of metal cutting. Although the global production structure is becoming more and more Important, but the tightness between production and R&D is critical for high value-added operations like ours. The Fagersta plant will continue to play a high-tech frontier."
The minimal opening ceremony was held at two in the afternoon, with speakers including CEO Kai Wärn, Chairman of the Board Anders Ilstam and Governor of Västmanland Ingemar Skogö.
The new plant is directly adjacent to the existing production plant, which means a total of approximately SEK 1.5 billion in equipment and plant investment over the past two years.
Kai Wärn, President and CEO of Seco Tools, said, “This investment should be seen as a testament to Seco Tools’ long-term commitment to establishing an absolute leading position in technology and quality in the field of metal cutting. Although the global production structure is becoming more and more Important, but the tightness between production and R&D is critical for high value-added operations like ours. The Fagersta plant will continue to play a high-tech frontier."
The minimal opening ceremony was held at two in the afternoon, with speakers including CEO Kai Wärn, Chairman of the Board Anders Ilstam and Governor of Västmanland Ingemar Skogö.
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