ThomasNet News Logo
Sign Up | Log In | ThomasNet Home | Promote Your Business

Faustel Hits 10-Year High, Exceeds Pre-Recession Business

Print | 
Email |  Comment   Share  

Faustel Inc.
W194 N11301 McCormick Drive
Germantown, WI, 53022
USA



Press release date: May 20, 2014

Germantown, Wisconsin — Faustel, Inc. reached a 10-year high for the fiscal year ending March 31. The privately held company emerged from the deep recession that hit the capital equipment industry even stronger than the prior years. Looking ahead to fiscal 2015, the converting equipment manufacturer expects a continuing upturn in activity.

Expansion into new markets has helped Faustel create opportunities with new customers and diverse industries. The areas of Lithium ion electrodes and battery separators, reverse osmosis membranes and medical device manufacturing have all seen significant recent growth. Originally created to serve multi-national companies with operations in Asia, Faustel’s manufacturing facility in Xiamen, China has been a critical benefit to the company’s ability to take on these emerging markets.

To address the uptick in business Faustel expects to increase its staff over the next year. Job seekers can check the company website for a current list of job openings in engineering and operations.

“When the recession hit we cut expenses, trimmed overhead, and ran a lean business,” said Milt Kuyers, CEO. “These same strategies were successfully used by our customers, who also happen to be manufacturers.” Faustel also reacted by putting more emphasis on marketing and development of new equipment technology.

“Manufacturers are showing signs of optimism and they are readying their facilities with equipment upgrades and new lines,” said Chris Clark, VP Technical Sales and Marketing. “Projections are up across all the industries we serve.”

About Faustel
Founded in 1956, Faustel (http://www.faustel.com) is a manufacturer of high-tech web converting equipment for the paper, film and foil converting industry including modular systems, complete lines, and components for a wide range of coated or laminated products. Faustel has a well-equipped Technology Center including two pilot coating lines, both capable of aqueous and solvent-based coating using a wide variety of methods and incorporates all well-known drying and curing technologies as well as a wide variety of coating, laminating, and winding capabilities. Faustel has production facilities in the US and China and provides 24-hour parts and service support.
Print | 
Email |  Comment   Share  
Contacts: View detailed contact information.


 

Post a comment about this story

Name:
E-mail:
(your e-mail address will not be posted)
Comment title:
Comment:
To submit comment, enter the security code shown below and press 'Post Comment'.
 



 More New Product News from this company:
Thickness Gauge measures battery electrode coatings.
More ....
| Featured Manufacturing Jobs
 Other News from this company:
Faustel to Exhibit at The Battery Show 2014
Faustel Updates Technology Center with Sensors from Yokogawa
More ....
 Tools for you
Watch Company 
View Company Profile
Company web site
More news from this company
E-mail this story to a friend
Save Story


Home  |  My ThomasNet News®  |  Industry Market Trends®  |  Submit Release  |  Advertise  |  Contact News  |  About Us
Brought to you by Thomasnet.com        Browse ThomasNet Directory

Copyright © 2014 Thomas Publishing Company. All Rights Reserved.
Terms of Use - Privacy Policy



Error close

Please enter a valid email address