Schuler streamlines corporate structure

The Schuler Group is streamlining its corporate structures in Germany and aims to secure its success in major growth markets like China with more local production, procurement and development. It was to this end that the company greatly expanded capacities at its Chinese factory in Dalian a few months ago.

“We are following our customers to their foreign markets and thus laying the foundation for us to remain a global leader in metalforming technology after two record years,” explains CEO Stefan Klebert.

The company aims to streamline its manufacturing in Germany, while reducing its degree of vertical integration and raising flexibility. The company’s traditional foundry in Göppingen, which has been running at a loss for several years, is to be closed after no potential buyer was prepared to guarantee its continued existence. In Weingarten, Schuler will focus manufacturing on its core competencies, and above all on its fast growing service business. The Board of management plans to make further savings at other German sites.

The Supervisory Board has given the go-ahead for the construction of a new Engineering and Technology Center. The new complex in Göppingen costing around € 40 million will provide about 750 modern workplaces and is expected to be completed by 2016.