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Home  > Markets & companies  > Coatings market  > Looser Holding invests and restructures it...

Thursday, 04 June 2020
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Markets & companies, Coatings market

Looser Holding invests and restructures its business units Schekolin AG and Feyco AG

Friday, 20 June 2014

Looser Holding is investing up to CHF 13.5 million in the coatings division. A reduction in the Feyco workforce is to be expected over the two years to come.

Feyco AG in St. Margrethen, Switzerland, has developed, produced, and distributed paint and lacquer for over 100 years. The production will be shifted to the Schekolin location in Bendern. Source: Looser Holding
Feyco AG in St. Margrethen, Switzerland, has developed, produced, and distributed paint and lacquer for over 100 years. The production will be shif...

Looser Holding is investing up to CHF 13.5 million (CHF 1 = EUR 0.82) in the coatings division. A reduction in the Feyco workforce is to be expected over the two years to come.

Looser Holding AG with its head office in Arbon (Switzerland) has today announced that it is planning major investments in the product areas of wood coatings and packaging coatings. The investment will strengthen the Swiss wood coatings business of Feyco AG and support the international expansion of the packaging coatings business of Schekolin AG. To allow the synergy potential that exists to be exploited, the Schekolin production location in Bendern (Principality of Liechtenstein) is to be expanded and modernised, and a new competence and training centre is planned for Urdorf. In the light of the challenging market situation in the Swiss wood coatings business, Looser Holding AG has reviewed the production capacities of the Feyco locations in St. Margrethen and Urdorf and the production capacity of Schekolin AG in Bendern and assessed the synergy potential.

Production to be merged at Schekolin location

In the context of the realignment, production at St. Margrethen and Urdorf is to be merged at the Schekolin location in Bendern within the next two years. St. Margrethen will continue to operate as an administrative location and a research and development centre, while a competence and training centre will be developed in Urdorf. Activities such as application technology and the sample service, which are currently offered at Hinwil and Gümligen, will be transferred to Urdorf. Crissier will be retained as a depot location. To transfer the Feyco production capacities to Bendern and carry out conversion work in Urdorf, investments of up to CHF 13.5 million (CHF 1 = EUR 0.82) are planned in buildings, production facilities and equipment over the next two years.

Through the planned transfer of Feyco's production to Bendern and the exploitation of synergy effects achieved through the closer cooperation with Schekolin AG, a reduction in the Feyco workforce is to be expected over the two years to come. According to the provisional planning, up to 30 jobs could be affected. A consultation procedure has been initiated with the clear intention of configuring the planned workforce reduction in a socially responsible manner.

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