World leader in multi-purpose cutting tools

Since its creation in Yverdon in 2001, Lamina Technologies has enjoyed annual growth of between 10–20%. It now exports its cutting inserts for metals to over 64 countries.

Based in the Y-Parc – the science and technology park in Yverdon-les-Bains – Lamina Technologies is one of the canton’s greatest success stories of recent years. The company specializes in the production of tungsten carbide cutting tools, producing small milling and boring inserts for cutting metal. Several hundred thousand pieces are produced by its cutting-edge, robot technology-equipped factory in Yverdon-les-Bains every month. "We sell in bulk because our tools, by nature, have a limited shelf life," says David Itzcovich, administrative director and CFO.

The Vaud-based company sets itself apart from the competition by producing multi-purpose cutting tools. It has developed an innovative concept of high-performance inserts for a wide range of situations. "There are solutions on the market that are configured for extremely specific applications," Itzcovich explains, "but as soon as you change the type of material used or the machining conditions, you have to change the tools. This is not the case with our products. Like when you have a Swiss army knife, you don’t need to carry 50 different blades around with you!"

Since it was founded in 2001 by Peleg and Yuval Amir, the company has constantly innovated to remain ahead of the pack. Most of its production nowadays is exported. "We have registered patents for our technology in around 50 countries," says a delighted Itzcovich. The main markets are East Asia, South America, and Europe.

The company employs around 140 people in Switzerland and around the world. "Sixty or so people work for us abroad but purely in sales," Itzcovich explains. "The rest of our staff are in Yverdon." Lamina Technologies has several sales offices in France, Germany, Brazil, Turkey, Russia, Indonesia, India, and China.

The Vaud-based company is enjoying constant growth perspectives, and in the future it is looking to continue to invest to maintain its competitive advantage and develop new product ranges to complete its current offer. "We also want to pursue our geographical expansion, in particular in North America and China."

A strong commitment to the canton of Vaud

To help them set up, Lamina Technologies received support from Economic Development – Canton of Vaud and SPEI, in particular in the form of loan guarantees. "These were decisive for us," explains CFO David Itzcovich. "Without them, it would doubtless not have been possible for us to set up business in the north of Vaud. I would like to underline the excellent quality of our relationship with SPEI, who have been by our side constantly ever since we established ourselves here. We continue to receive certain forms of aid for exhibitions, market development, and training."