SFS Group announced that it is investing over 100 million Swiss francs this year, a sum that exceeds the previous investment peak set in 2014 by the manufacturer of precision and fastening components. The company will use the capital expenditure to strengthen its international competitiveness and build on its sales momentum.
Around half of the investment sum will go towards expanding its sites in Switzerland. 12 million francs will be invested at its headquarters in Heerbrugg in the canton of St.Gallen to expand its heat treatment capacity. A further 8 million francs will be put towards production lines for cold forming, machining applications and hardening. SFS plans to invest 11 million francs at its site in Rebstein in St.Gallen to expand the capacity of its logistics centre there.
SFS intends to centralize blind rivet manufacturing at its factory in Thal, Germany and will nearly double its manufacturing capacity there with an investment of 14 million francs. An additional 1.8 million francs will expand its production capacity in Jánossomorja in Hungary.
A new production hub will be built in Nantong in China, around an hour’s drive from Shanghai, at a cost of 34.7 million francs. In La Aurora de Heredia in Costa Rica, SFS has leased a second production building adjacent to its existing site, where it plans to offer components using its core technology plastic injection moulding.