Precision Resource, a renowned US-based company specializing in the development of fineblanking technology, has chosen Logatec, Slovenia, as its European production facility. The newly established factory, located southwest of Ljubljana, aims to expand the company's presence and cater to the European market.

With existing production sites in the United States, Canada, Mexico, and China, Precision Resource adds the Logatec facility as its strategic European base. The company supplies metal products to various industries, notably automotive, and seeks to explore opportunities in sectors such as medicine, aviation, and energy.

Logatec was selected due to its promising investment potential and the site's flexibility for future expansion. The facility in Logatec adheres to the highest standard certificates, reflecting Precision Resource's commitment to excellence and quality.

"We are confident that this strategic decision will benefit both our company and contribute to Slovenia's economy and the local community," stated Precision Resource. The company praised the efficiency of the Logatec facility, highlighting its adherence to energy standards and utilization of state-of-the-art technology and automated processes to stay competitive.

The launch event of Precision Resource's Logatec facility featured CEO Peter Wolcott, Managing Director Kaveh Vafaei, Slovenian Branch Director Alessandro Luppis, as well as representatives from the US embassy, the Chamber of Commerce and Industry, and the SPIRIT investment agency. The event showcased the company's commitment to building strong partnerships and fostering economic growth.

This move comes six years after Precision Resource's acquisition of the fineblanking assets of Hidria Rotomatika in Idrija, Slovenia. Founded as Fairfield Tool Company in 1947, Precision Resource has solidified its position as a leading supplier of fineblanked components worldwide.

Fineblanking, a precise metal forming process, finds extensive application across a range of industrial sectors, making Precision Resource's expertise and presence pivotal in the industry.

With its European production center in Logatec, Precision Resource is poised to further expand its market reach, deliver exceptional products, and contribute to the growth of Slovenia's manufacturing sector."