Peter Wolters Group restructures its VOUMARD operations

The Peter Wolters Group, Rendsburg, Germany, has announced that it will restructure their Swiss VOUMARD operations and integrate the product line’s R&D, production, logistics and administration into Peter Wolters’ German Headquarters facility in Rendsburg, near Hamburg.

“With this restructuring of our production and R&D sites we are addressing the immense and ongoing cost pressure in the worldwide machine tool markets, which is strongly effecting our VOUMARD range as well. With this restructuring we will be able to realize extensive synergies in the product cost and overhead areas, which will benefit through the combination with other major products we manufacture in our main German facility”, explains Kay Petersen, Peter Wolters’ CEO. “Markets for our products are shifting to Asia and local competitors play a strong role there. That’s why synergy efforts in product manufacturing and intelligent, worldwide sourcing and outsourcing are such important factors for western manufacturers today. Another reason for our restructuring decision is the much enhanced ability for R&D alignment between the products. We have already seen the benefit of these types of synergies with the recent successful integration of our newly acquired and very technically advanced MICRON line from it’s original US facility into our main operations in Rendsburg”.

The sales organization for the VOUMARD product line had already been successfully integrated into the worldwide-acting Peter Wolters sales organization in 2005, expanding the international presence of VOUMARD products and solutions well beyond its historically European customer base.