Skip to content
Manufacturing — Industry — Wealth Radar's Money Matters — Unveiling the Market's Pulse

Croner Precision Moulds Closes After 335 Years, Blames Global Competition

The 1685-founded company, a specialist in moulds and fixture construction, is shutting down in early 2025. Its assets, including a substantial machine park, will be sold.

,   and  Administrator
1 min read
In the picture we can see some trees and near the historical construction with a bridge.
In the picture we can see some trees and near the historical construction with a bridge.

Croner Precision Moulds Closes After 335 Years, Blames Global Competition

Croner Precision Moulds, a renowned specialist in moulds and fixture construction serving diverse industries, has announced its orderly closure. The company, with roots tracing back to 1685, will cease operations in early 2025.

Croner Precision Moulds, established in 1988 by Siegfried Croner, was a successor to 'Croner Formenbau'. The company employed 33 people and boasted an extensive machine park, all set to be sold following the production stop. The decision to close was influenced by intense global competition, notably cheap imports from Asia and production locations in Portugal and the Czech Republic. Despite these challenges, Croner Precision Moulds remained loyal to metalworking, with all direct ancestors involved in the trade since 1685, when Paul Croner became a master of the smith's trade.

Croner Precision Moulds, a company with a rich history and diverse client base, will cease operations in early 2025. Its assets, including a substantial machine park, will be sold following the production stop. The company's closure is a result of intense global competition, marking the end of an era for a family-owned business that has remained loyal to metalworking for centuries.

Read also:

Related

Latest