History

1914

Albert Schmid establishes an engineering workshop in Rapperswil

1949

Heinrich Schmid, son of the founder takes over the business

1956

First hydraulic fineblanking press is built

1958

Feinstanz AG in Jona is founded

1966

Construction of the assembly shop for fineblanking presses in Jona

1972

Addition of production shop for precision fineblanked components in Jona

1978

Inauguration of the four-storey multi-purpose building in Jona

1987

Death of proprietor Heinrich Schmid

1988

Schmid Group acquired by Maag Holding, Zurich

1997

Schmid Group acquired by Hydrel AG, Romanshorn

1999

Schmid fineblanking press manufacturing acquired by Feintool, Lyss

2001

Feinstanz AG acquired by private investors

2011

Feinstanz AG acquired by Federtechnik Kaltbrunn AG