Establishment of Die Casting Joint Venture in Romania
Wagner AG and Electroprecizia SA Announce Creation of Electroprecizia Wagner Casting SA, a Joint Venture for Die Casted and Machined Aluminum Components
Sacele, Romania – June 14, 2023 –
Wagner AG (Waldstatt, Switzerland) and Electroprecizia SA (Sacele, Romania) are delighted to announce the establishment of Electroprecizia – Wagner Casting SA, a joint venture dedicated to supplying aluminum high-pressure die casted and machined components to various industries, including automotive, power tools, medical devices and industrial equipment. The objective of the two parties is to join forces to create a leading supplier of aluminum cast solutions for its customers in the European market and the growing base of national and international customers in Romania.
Electroprecizia SA, a renowned provider of aluminum die cast products through its subsidiary Electroprecizia Cast Productions S.R.L. (electroprecizia.ro), brings a wealth of experience and expertise to the joint venture. Its activity originated in being a supplier to the electric motors industry and progressively diversified to serve a wide range of customers in different fields, managing to reach the very high quality level imposed by the automotive industry. The company is in the process of obtaining IATF16949:2016 certification, aiming to achieve very soon the certification of one of the most demanding industry standards, which allows the supply of products to the automotive industry and serves as a quality benchmark for most other industries consuming die casted products.
Wagner AG, a leading provider of metal and plastic solutions (wagner-solution.com ), specializes in developing and producing innovative, cost-effective, and lightweight solutions for customers in industries such as automotive, machinery, building technology, optics, electronics, and aviation. Its vast expertise in die casting, machining and component assembly as well as its broad customer base complements Electroprecizia's capabilities, making them an ideal partner for the joint venture. Furthermore, Wagner seeks to expand its business in the Eastern European market and to build up local production capacities in proximity to its customers.
The Joint Venture Electroprecizia - Wagner Casting SA will operate from a new, 5,700 sqm state-of-the-art industrial building within the Electroprecizia Industrial and Logistics Park. The collaboration will leverage Wagner's 80 years of material and application know-how and Electroprecizia’s strong local production base, providing a strong foundation for rapid growth in the client portfolio. The joint venture will start on the basis of 10 integrated and automated die casting cells with a closing force of 300 to 1100 tons and aims to double this capacity over the coming years. By investing in advanced die casting, machining and automation technologies, Electroprecizia Wagner Casting SA will ensure efficient production and maintain the highest quality and sustainability standards.
Adrian Secelean, President and CEO of Electroprecizia SA, expressed his enthusiasm for the partnership, stating: "Through this joint venture, we aim to become a leading player in Romania's die casting market. Our collaboration with Wagner AG will enhance our technological capabilities, enabling us to meet the evolving demands of our customers while seizing new opportunities driven by decarbonization policies in the European Union."
Silvan Halter, CEO and co-owner of Wagner AG, added, "We are excited to join forces with Electroprecizia SA in establishing Electroprecizia Wagner Casting SA. Our expertise in metal and plastic solutions and our wide application know-how perfectly complements Electroprecizia's strengths, enabling us to deliver innovative products to customers while addressing their cost and weight optimization needs."
The formation of Electroprecizia Wagner Casting SA underscores the commitment of both companies to delivering exceptional value to their customers and contributing to the growth of the Romanian manufacturing industry. Updates on the Joint Venture's progress and achievements will be communicated through official channels.
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