Nussbaum Group has withdrawn from the aluminium tube business, citing a ‘difficult market situation’.
Nussbaum has decided to concentrate on its core business, the development and production of aluminium cans, including aerosols.
In a LinkedIn post, the company said the management ‘regrets’ that with this decision, the last Swiss aluminium tube manufacturer is closing its doors. The tube production lines were sold as part of an asset purchase agreement to LINHARDT Group.
Thirty-five employees at the Kesswil plant are affected. The company is developing a social compensation plan to avoid hardship cases. Fortunately, with the planned expansion of Nussbaum’s headquarters in Matzingen, several employees might be offered a job opportunity at the site.
Nussbaum has specialised in the production of monobloc aluminium cans and further aluminium packaging solutions since 1963 at three production sites. Its key focus is the traditional development of sustainable products with environmentally-friendly production methods.
The firm commented: “We are proud of the worldwide first monobloc aluminium can with unbeatable CO2 reduction of 96% and market availability, produced of 100% used beverage cans.
“With our further top sellers like refillable screw cans, deo roll cans and shaker cans, we are expecting considerable growth.”