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'''Adval Tech Holding''' is a [[Swiss Stock Exchange|Swiss Stock company]] based in [[Bern]], [[Switzerland]], currently trading as ADVN:SW<ref>{{Cite web|url=https://www.bloomberg.com/profile/company/ADVN:SW|title=Bloomberg.com Profile of Adval Tech Holding AG|last=|first=|date=October 3, 2019|website=|archive-url=|archive-date=|dead-url=|access-date=October 3, 2019}}</ref>. It functions primarily in the machinery industry for high-volume components manufactured using metal and plastic and focuses on the [[automotive industry]] and related applications. The company covers the entire [[value chain]], including product development, [[prototyping|prototype]] development, mold and tool development, component production, and assembly. The firm specializes in the production of [[tools]], [[punching]], [[forming processes]], [[injection moulding|injection molding]], [[Manufacturing|assembly line]] systems, and serial parts.<ref>{{Cite web|url=https://www.advaltech.com/en/group/about-adval-tech/company-profile/#panel-6066-2606|title=Company profile|last=Holding|first=Adval Tech|date=April 8, 2019|website=|archive-url=|archive-date=|dead-url=|access-date=April 8, 2019}}</ref>
'''Adval Tech Holding''' is a [[Swiss Stock Exchange|Swiss Stock company]] based in [[Bern]], [[Switzerland]], currently trading as ADVN:SW<ref>{{Cite web|url=https://www.bloomberg.com/profile/company/ADVN:SW|title=Bloomberg.com Profile of Adval Tech Holding AG|last=|first=|date=October 3, 2019|website=|archive-url=|archive-date=|dead-url=|access-date=October 3, 2019}}</ref>. It functions primarily in the machinery industry for high-volume components manufactured using metal and plastic and focuses on the [[automotive industry]] and related applications. The company covers the entire [[value chain]], including product development, [[prototyping|prototype]] development, [[mold]] and tool development, component production, and assembly. The firm specializes in the production of [[tools]], [[punching]], [[forming processes]], [[injection moulding|injection molding]], [[Manufacturing|assembly line]] systems, and serial parts.<ref>{{Cite web|url=https://www.advaltech.com/en/group/about-adval-tech/company-profile/#panel-6066-2606|title=Company profile|last=Holding|first=Adval Tech|date=April 8, 2019|website=|archive-url=|archive-date=|dead-url=|access-date=April 8, 2019}}</ref>


The company's series-production plastic components are used in cars and other technically demanding applications. The components that are made for cars include airflow elements, airbags, [[Anti-lock braking system|ABS (Anti-lock Braking System)]], steering, lighting systems, seat belt buckles, and trim strips. It manufactures components of airflow systems for [[Audi]] and air/water separation systems for [[BMW]]. The company also produces parts and sub-assemblies containing metal and plastic components, such as door sill plates for BMW.
The company's series-production plastic components are used in cars and other technically demanding applications. The components that are made for cars include airflow elements, airbags, [[Anti-lock braking system|ABS (Anti-lock Braking System)]], steering, lighting systems, seat belt buckles, and trim strips. It manufactures components of airflow systems for [[Audi]] and air/water separation systems for [[BMW]]. The company also produces parts and sub-assemblies containing metal and plastic components, such as door sill plates for BMW.
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== History ==
== History ==
In 1924, Adval Tech Holding was a mechanic in [[Bümpliz-Oberbottigen]], [[Bern]]. It was founded<ref>{{Cite web|url=https://www.swissquote.ch/sqi_premium/public/market/Description.action?s=CH0008967926_4_CHF|title=SWISSQUOTE|website=www.swissquote.ch|access-date=2019-10-14}}</ref> by Fritz Styner and Rudolf Bienz as a collective company originally called 'Styner + Bienz.' In 1942, the company was converted into an [[Aktiengesellschaft]] (stock market company). In 1963, Styner and Bienz relocated to Niederwangen. With the addition of 73 employees from AWM Muri in 1974, [[Sydney]] and [[Frankfurt]] entered the field of plastic injection molding technology. In 1985, Styner + Bienz AG became the first company in the [[Canton of Bern]],the first in the industry and the sixth in [[Switzerland]] to be awarded the [[International Organization for Standardization|ISO Certificate]] Swiss Norm SN-029-100. The company was renamed 'Adval Technology' in 1997 and was listed on the stock exchange in 1998, the same year it conducted its [[Initial public offering|initial public offering (IPO)]]. Shares of Adval Tech Holding AG are traded on the Zurich stock exchange. In August 2010, the injection molding division 'FOBOHA' was sold to the [[Barnes Group]]. AWM Adval Tech created tools for manufacturing [[Compact disc|CDs]], [[DVD|DVDs]], [[Blu-ray|Blu-rays]], CD covers, and automotive parts as a subcontractor of [[Sika AG]] for [[BMW]], [[Honda]], and other car manufacturers. Company apprentices learn specialty extrusion [[Blow molding|blow-molding]]. The company has employed 1,341 people since Q3 2017 and reported a turnover of [[Swiss franc|CHF]] 104.2 million. In 2018, Adval Tech (Thailand) was acquired by Sunningdale Tech<ref>{{Cite web|url=https://www.businesstimes.com.sg/companies-markets/sunningdale-tech-acquires-precision-manufacturer-adval-tech-thailand|title=Sunningdale Tech acquires precision manufacturer Adval Tech (Thailand)|last=Yi|first=Wong Kai|date=2018-09-05|website=The Business Times|language=en|access-date=2019-10-15}}</ref>, another manufacturer of precision plastic components.
In 1924, Adval Tech Holding was a mechanic in [[Bümpliz-Oberbottigen]], [[Bern]]. It was founded<ref>{{Cite web|url=https://www.swissquote.ch/sqi_premium/public/market/Description.action?s=CH0008967926_4_CHF|title=SWISSQUOTE|website=www.swissquote.ch|access-date=2019-10-14}}</ref> by Fritz Styner and Rudolf Bienz as a collective company originally called 'Styner + Bienz.' In 1942, the company was converted into an [[Aktiengesellschaft]] (stock market company). In 1963, Styner and Bienz relocated to Niederwangen. With the addition of 73 employees from AWM in [[Mur, Switzerland|Muri]] in 1974, [[Sydney]] and [[Frankfurt]] entered the field of plastic injection molding technology. In 1985, Styner + Bienz AG became the first company in the [[Canton of Bern]],the first in the industry and the sixth in [[Switzerland]] to be awarded the [[International Organization for Standardization|ISO Certificate]] Swiss Norm SN-029-100. The company was renamed 'Adval Technology' in 1997 and was listed on the stock exchange in 1998, the same year it conducted its [[Initial public offering|initial public offering (IPO)]]. Shares of Adval Tech Holding AG are traded on the Zurich stock exchange. In August 2010, the injection molding division 'FOBOHA' was sold to the [[Barnes Group]]. In March 2014, the Adval Tech Group consolidated all of its global mold construction activities under the brand Adval Tech Foboha<ref>{{Cite web|url=https://www.eppm.com/api/content/ce6caa8c-a9db-11e3-9f60-1231380a02d9/|title=Adval Tech bundles mould-making activities under Foboha brand|last=Gray|first=Dave|date=2014-03-12|website=EPPM|language=en-gb|access-date=2019-11-15}}</ref>. Barnes Group Inc. has entered into a definitive agreement to acquire Adval Tech’s molds business (FOBOHA) in July 2016<ref>{{Cite web|url=https://www.businesswire.com/news/home/20160711006136/en/Barnes-Group-Acquire-Molds-Business-Adval-Tech|title=Barnes Group Inc. to Acquire the Molds Business of Adval Tech Holding AG|date=2016-07-12|website=www.businesswire.com|language=en|access-date=2019-11-15}}</ref>. AWM Adval Tech created tools for manufacturing [[Compact disc|CDs]], [[DVD|DVDs]], [[Blu-ray|Blu-rays]], CD covers, and automotive parts as a subcontractor of [[Sika AG]] for [[BMW]], [[Honda]], and other car manufacturers. Company apprentices learn specialty extrusion [[Blow molding|blow-molding]]. The company has employed 1,341 people since Q3 2017 and reported a turnover of [[Swiss franc|CHF]] 104.2 million. In 2018, Adval Tech (Thailand) was acquired by Sunningdale Tech<ref>{{Cite web|url=https://www.businesstimes.com.sg/companies-markets/sunningdale-tech-acquires-precision-manufacturer-adval-tech-thailand|title=Sunningdale Tech acquires precision manufacturer Adval Tech (Thailand)|last=Yi|first=Wong Kai|date=2018-09-05|website=The Business Times|language=en|access-date=2019-10-15}}</ref>, another manufacturer of precision plastic components.


==References==
==References==

Revision as of 15:02, 15 November 2019

Adval Tech Holding
IndustryAutomotive
Founded1924
Number of employees
1,288 (12 May 2019)
Websitewww.advaltech.com/en

Adval Tech Holding is a Swiss Stock company based in Bern, Switzerland, currently trading as ADVN:SW[1]. It functions primarily in the machinery industry for high-volume components manufactured using metal and plastic and focuses on the automotive industry and related applications. The company covers the entire value chain, including product development, prototype development, mold and tool development, component production, and assembly. The firm specializes in the production of tools, punching, forming processes, injection molding, assembly line systems, and serial parts.[2]

The company's series-production plastic components are used in cars and other technically demanding applications. The components that are made for cars include airflow elements, airbags, ABS (Anti-lock Braking System), steering, lighting systems, seat belt buckles, and trim strips. It manufactures components of airflow systems for Audi and air/water separation systems for BMW. The company also produces parts and sub-assemblies containing metal and plastic components, such as door sill plates for BMW.

The group primarily delivers its plastic components directly to car manufacturers (OEMs) and to first-tier customers who supply the car manufacturers directly. The company acquired Fischer IMF in April 2016. Some of its plastic parts are made for premium sewing machines or sophisticated safety-related components and are produced in large quantities.

History

In 1924, Adval Tech Holding was a mechanic in Bümpliz-Oberbottigen, Bern. It was founded[3] by Fritz Styner and Rudolf Bienz as a collective company originally called 'Styner + Bienz.' In 1942, the company was converted into an Aktiengesellschaft (stock market company). In 1963, Styner and Bienz relocated to Niederwangen. With the addition of 73 employees from AWM in Muri in 1974, Sydney and Frankfurt entered the field of plastic injection molding technology. In 1985, Styner + Bienz AG became the first company in the Canton of Bern,the first in the industry and the sixth in Switzerland to be awarded the ISO Certificate Swiss Norm SN-029-100. The company was renamed 'Adval Technology' in 1997 and was listed on the stock exchange in 1998, the same year it conducted its initial public offering (IPO). Shares of Adval Tech Holding AG are traded on the Zurich stock exchange. In August 2010, the injection molding division 'FOBOHA' was sold to the Barnes Group. In March 2014, the Adval Tech Group consolidated all of its global mold construction activities under the brand Adval Tech Foboha[4]. Barnes Group Inc. has entered into a definitive agreement to acquire Adval Tech’s molds business (FOBOHA) in July 2016[5]. AWM Adval Tech created tools for manufacturing CDs, DVDs, Blu-rays, CD covers, and automotive parts as a subcontractor of Sika AG for BMW, Honda, and other car manufacturers. Company apprentices learn specialty extrusion blow-molding. The company has employed 1,341 people since Q3 2017 and reported a turnover of CHF 104.2 million. In 2018, Adval Tech (Thailand) was acquired by Sunningdale Tech[6], another manufacturer of precision plastic components.

References

  1. ^ "Bloomberg.com Profile of Adval Tech Holding AG". October 3, 2019. Retrieved October 3, 2019. {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  2. ^ Holding, Adval Tech (April 8, 2019). "Company profile". Retrieved April 8, 2019. {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  3. ^ "SWISSQUOTE". www.swissquote.ch. Retrieved 2019-10-14.
  4. ^ Gray, Dave (2014-03-12). "Adval Tech bundles mould-making activities under Foboha brand". EPPM. Retrieved 2019-11-15.
  5. ^ "Barnes Group Inc. to Acquire the Molds Business of Adval Tech Holding AG". www.businesswire.com. 2016-07-12. Retrieved 2019-11-15.
  6. ^ Yi, Wong Kai (2018-09-05). "Sunningdale Tech acquires precision manufacturer Adval Tech (Thailand)". The Business Times. Retrieved 2019-10-15.
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