Feintool, a global leader in fineblanking, forming, and electrolamination stamping, is undergoing a significant factory planning change in Europe, particularly at its site in Lyss, Switzerland. The company is aligning its strengths in fine blanking and hydrogen technology to optimize its production capacities strategically. The decision to relocate large-scale production from Lyss to the Czech Republic by the end of 2025 is driven by the need to operate more competitively in a challenging market environment. This move may put approximately 70 jobs at risk but is part of a broader future concept for Europe aimed at enhancing economic efficiency. Feintool anticipates restructuring costs in 2024 but expects sustainable improvements in EBIT post-relocation. Feintool's commitment to hydrogen technology is evident through a recent important contract in Europe. The company has been tasked with producing precise metallic components for fuel cells and electrolyzers, signaling a significant entry into the hydrogen market in Europe. Through partnerships with companies like Sitec, Feintool is leveraging its expertise in fineblanking to contribute to the hydrogen economy's growth. The successful collaboration has already yielded results in China and is poised to expand to Europe, showcasing Feintool's dedication to green energy and sustainability. The company's CEO, Torsten Greiner, emphasizes the strategic importance of targeting future markets in green energy, reflecting Feintool's alignment with sustainable practices and innovation in the automotive and industrial sectors.