Precision Resource, a leading global manufacturer of fine blanking technology, celebrated the grand opening of its new state-of-the-art facility in Logatec, Slovenia, on June 13th, 2023.

Attended by many of the company’s customers and suppliers as well as the Mayor of Logatec, representatives of the Chamber of Commerce of Slovenia and the US Embassy, the event included a factory tour where guests witnessed Precision Resource’s modern production demonstrations and learned about advanced technologies used in the company’s manufacturing processes.

This production facility expands Precision Resource’s international footprint and will support the European market for high-precision critical metal components.

Peter Wolcott, the company’s Executive Director, commented during the ceremony “ Today is the official culmination of our long-term goal to firmly establish our brand in the European market. During our search we concluded that the place, people, and culture were actually more important to our long-term success than the acquired company. In Slovenia and Hidria’s fineblanking program we found the potential for that ideal fit that we were seeking. It seems fitting that the move into this beautiful new facility came during the year of our 75th anniversary.”

Additionally, Alessandro Luppis, the Division Manager for Slovenia shared, “Together, we are beginning a journey that holds a great promise, not only for our company but also for the Slovenian economy. This plant will create employment opportunities, foster collaboration, and contribute to the prosperity of the region.”

As part of a company-wide commitment to customer service and environmental sustainability, the Slovenia Division has already attained ISO 14001 and IATF16949 certification for it’s new facility. These accreditations serve as benchmarks for Precision Resource’s ongoing pursuit of operational excellence, sustainable practices, and process improvement.

About Precision Resource:

Precision Resource is a dynamic and growing company that specializes in the manufacture of critical metal components to a variety of industries including automotive, heavy duty, aerospace, medical, and electronics. As a world leader in fineblanking technology, we provide cutting edge solutions to customers from our eight production facilities located in the USA, Canada, Mexico, China, and Slovenia. For more information, please visit https://www.precisionresource.com

Precision Resource is laying the groundwork for a bright future in the aerospace sector. With the successful accreditation certificate of AS9100D, a globally recognized quality management and assurance system, the company continues to pioneer its capacity to service the aviation, space, and defense industry sectors with its highest quality manufactured critical components and longstanding expertise in fine blanking technology.

Chris Gratton, California Division Manager, commented, “Receiving this certificate marks a significant milestone for us because it demonstrates our compliance with industry standards, validates our capabilities, and strengthens our position in the Aerospace market. As we continue to grow and expand operations and technology offerings, this globally recognized achievement will serve as a foundation for building trust with our clients and partners and fostering lasting relationships in the aerospace community. This recognition reflects the collective efforts of each member of our team, whose hard work and passion have contributed to this accomplishment.”

Leveraging the newly gained accreditation, the company remains focused on advancing its expertise to deliver cutting-edge solutions to its clients and continuously improve its quality and safety measures. Precision Resource’s dedication to excellence and established quality-centric strategy instill complete confidence in the aerospace market as an innovative leader.

Precision Resource has manufactured critical components used in the flight deck, interior and fuselage, vertical stabilizer, internal power, fuel systems, engine and landing gear components for commercial aerospace, military platforms, and space exploration. Safety, reliability, performance, and cost competitiveness are the requirements for all aerospace and defense components.

Shelton, CT – April 29, 2022 – Precision Resource Inc., a leading supplier of precision metal components manufactured with fineblanking technology, in partnership with Miltera Machining Research Corp., a rapid prototyping and ultra precision manufacturer, is pleased to announce that it has been chosen to participate in the NGen Automotive Zero-Emissions Manufacturing Challenge Program. Next Generation Manufacturing Canada (NGen) is the industry-led, non-profit organization leading Canada’s Advanced Manufacturing Supercluster. The Automotive Zero-emissions Manufacturing Challenge Program is designed to enhance the position of Canadian companies in the automotive supply chains of the future.

As technically advanced suppliers of critical components for transportation, Precision Resource and Miltera understand and support the significance of the shift from ICE to zero-emission powertrains.  Through collaboration with research organizations, OEMs and Tier One companies, we aim to develop long-term partnerships to advance Canada’s position as the global leader in the transformation and mass adoption of zero-emission technology for on-road vehicle applications. With NGen’s support, Precision Resource and Miltera will jointly invest in the latest advanced manufacturing technology for prototype development and manufacturing scale up in the city of Cambridge.

“Precision Resource looks forward to the opportunity to add our passion for technology advancement in a way that both supports our customers and the environment.  We are pleased to support Canada’s role in the transformation of the automotive industry” said Kaveh Vafaei, Managing Director of Precision Resource.

About Precision Resource:
Precision Resource is a dynamic and growing company that specializes in fineblanking and finishing of critical components. As a world leader in fineblanking technology, we provide cutting edge solutions to customers in a variety of industries, including automotive, heavy duty, medical, aerospace, electronics, tools, hardware, military, and defense.  With over 100 presses in operation ranging from 40-1600 tons, Precision Resource has the widest range in the industry and is able to supply fineblanked parts from tiny electronics contacts to large engine plates weighing over 25lbs.  The company operates four production facilities in the United States, and four international facilities in Canada, Mexico, China and Slovenia.  For more information please visit: https://www.precisionresource.com

About Miltera Machining Research Corp:
Miltera was formed in 2007 to bring together top engineering talent with the latest technology to serve as the premier prototype and advanced manufacturing facility. Miltera specializes in rapid prototyping, short-run production and turn-key applications in the most demanding and ultra-precision applications.  Projects span all industries, but often involves the aerospace, medical, motorsports, and consumer electronics sectors. Miltera’s specialists work at the highly automated headquarters encompassing over 30,000sqft. Capabilities include 5-axis machining, multi-axis turning, EDM, grinding and sub-micron inspection capability.  For more information please visit: https://www.miltera.com/

We are proud to be supporting the response against the COVID-19 pandemic through delivery of fineblanked critical components used in GM’s mass production of portable ventilators.  The fineblanked outer cap for the oxygen sub-assembly used in the Ventec Life Systems V+Pro ventilators was fineblanked in our PR-Canada division using medical grade aluminum.

After being engaged by our customer Linamar, a tool was built in our Technical Center and production began 8 days later! This is an amazing feat in the fineblanking industry.

All of Precision Resource’s divisions are critical component suppliers.  We will continue to provide expertise in fineblanked medical components, CNC machining, fine grinding & deburring and plastic over molding to any customer throughout this pandemic and beyond.  Please reach out with any inquires.

Shelton, CT – November 1, 2017 – Precision Resource, Inc., a leading supplier of precision metal components manufactured with fineblanking technology, today announced that it has acquired the fineblanking assets of Hidria Rotomatika d.o.o. in Spodnja Idrija, Slovenia. The new company will be known as Precision Resource d.o.o. In cooperation with Hidria Rotomatika, the company will continue to run the fineblanking operation in the Hidria facility while it locates and develops a new facility nearby.

Hidria has developed a reputation as a reliable, high quality and technically advanced supplier of fineblanked components to the European automotive industry. Their main applications are in the seating, powertrain, and hardware markets.

“We are excited to add the experienced and dedicated employees of Hidria’s fineblanking operation to the Precision Resource team,” said Peter Wolcott, Managing Director of Precision Resource, Inc. “We share a deeply rooted quality culture and a commitment to customer satisfaction that should ensure a smooth integration of the Slovenian operation into Precision Resource. Slovenia is an ideal location from which to supply our customers with European operations.”

The addition of the Slovenia operation allows Precision Resource the ability to support its customers with local production on three continents – North America, Asia, and Europe.

Fineblanking is a high precision metal forming process used extensively in automotive, heavy duty, electronics, medical, lawn and garden, and general industrial applications. This unique process creates parts with very tight dimensional tolerances, excellent flatness, and with very little variation from part-to-part throughout long production runs. These characteristics lead designers to specify fineblanked components for their most critical applications.

Founded as Fairfield Tool Company in 1947, privately held Precision Resource has grown to one of the leading suppliers of fineblanked components in the world. Precision Resource also has a tremendous range of value-added finishing capabilities that enable it to provide completed components and assemblies to their customers. These capabilities include CNC machining, honing, grinding, fine-grinding, plastic over-molding, heat treating, automated assembly, and laser cutting.

In addition to the new operation in Slovenia, Precision Resource has six production facilities in North America, one in China, and a Technical Center in Canada. The company operates facilities in Huntington Beach, CA; Shelton, CT; Mt. Sterling, KY; Vernon Hills, IL; Cambridge, Ontario; Saltillo, Mexico; and Hangzhou, China. For more information regarding the company, visit www.precisionresource.com.

Precision Resource Canada was one of a few local businesses to win a 2016 Cambridge Chamber of Commerce Business Excellence Award. Our Canada division received the Chair’s Award, which is the highest honor. The Chair’s Award recognizes an outstanding organization or individual who makes an exceptional effort – going above and beyond the call of duty in any area of business and community development.

In winning this award, the Chamber of Commerce recognized the environmental stewardship Precision Resource Canada has demonstrated with the formation of our Green Team. The Green Team program is made up of 29 employees who are focused on improving the KPI’s associated with our environmental management systems. Some specific achievements included a 43% reduction in landfill waste creation and a 20% reduction in oil usage in 2016 compared with the prior year. In addition to the success of decreasing waste, the Green Team also planted trees around the site to reduce our CO2 footprint and add to the beautification of the area.

Precision Resource Canada was also recognized for helping to develop the technical skills in the community. Precision Resource Canada employees serve on the Conestoga College Academic Program Advisory Committee related to skilled trades, which includes actively participating in academic program development. Additionally we revamped our tool and die and machinist apprenticeship program which now has five apprentices at various stages of their journey and we are planning to add two new apprentices each year.

Precision Resource, Inc. today announced that its Canada Division has achieved Certification of ISO 14001:2004 compliance.

ISO 14001:2004 is an environmental management system standard of particular concern within automotive related manufacturing companies. ISO 14001 is a process-approach methodology with a focus on maintaining a safe and healthy work environment and leaving a minimal ecological footprint in conducting business.

Located in Cambridge, ON, the Canada Division specializes in the supply of complex components and assemblies using the fineblanking technology. The company markets its products to the automotive, electronics, power tool, and industrial markets primarily. The division also employs a wide array of secondary finishing technologies, including double disc grinding, fine-grinding, honing, and machining, in order to supply very tightly toleranced complete solutions to its customers.

The expansion to the Precision Resource facility in Hangzhou, China of over 100,000 square feet has been completed. The project was set for completion this fall, and due to the excellent work of the project team and those involved, Precision Resource is pleased and proud to have successfully completed on schedule and with excellent results. Thank you to all who made it possible to meet the needs of our growing business.

Precision Resource, Inc., a world leader in the supply of precision metal components manufactured with the fineblanking technology, today announced that it has completed an addition to its Mt. Sterling, Kentucky facility.

The expansion of the Kentucky facility added 30,000 ft² of production space and increased the total area of the facility to 82,000 ft². This division specializes in the high volume production of automotive, heavy duty, and off-highway components.

“This expansion will give us the space that we need for the new projects we have been awarded,” said Horst Griesbaum, Division Manager of Precision Resource’s Kentucky Division, “and allows us to better organize the facility to improve production efficiencies. We look forward to bettering the experience for our customers and employees alike.”

Headquartered in Shelton, CT, Precision Resource specializes in the supply of complex components and assemblies using the fineblanking technology. The company markets its products to the automotive, electronics, power tool, and industrial markets primarily. The company also employs a wide array of secondary finishing technologies, including double disc grinding, fine-grinding, honing, plastic over-molding, and CNC machining, in order to supply very tightly toleranced complete solutions to its customers.

Fineblanking is a high precision metal forming process used extensively in the automotive, heavy duty, electronics, medical, lawn and garden, and general industrial industries. This unique process creates parts with very tight dimensional tolerances, excellent flatness, and with very little variation form part-to-part throughout long production runs. These characteristics lead designers to specify fineblanked components for their most critical applications.

Precision Resource has eight facilities worldwide. The company operates plants in Huntington Beach, CA; Shelton, CT; Mt. Sterling, KY; Vernon Hills, IL; Cambridge, Ontario, Saltillo, Mexico, and Hangzhou, China as well as a Technical Center in Canada.

Precision Resource, Inc., a leading supplier of precision metal components manufactured with the fineblanking technology, today announced that it has established a new Technical Center at 10 Cherry Blossom Road, Cambridge, Ontario, Canada, right next door to the Cambridge Plant, an existing production facility.

As part of a broad-based reorganization plan, production from the company’s former Kitchener Plant has been transferred to the Cambridge Plant and other Precision Resource facilities.  A core group of employees from the Kitchener Plant, including Division Manager, Kaveh Vafaei, are managing and staffing the new facility.  The Technical Center will design and build fineblank tooling for all Precision Resource production facilities and be the center of development for the company’s fineblanking technology.

“The Kitchener plant was a leased building that was not well suited to the new focus of the group,” company President Peter Wolcott said.  “The new building is purpose-designed to maximize efficiency and will be an excellent showcase for our capabilities.” In addition to housing a fully equipped tool room and a PATEC fine-cold-forming press, one 630 ton fineblanking press also will be installed there.  The fineblanking press will be used for tool trials, developmental projects and selected production jobs.

“Another advantage of our location is that many of the engineering offices of our key automotive customers are close by in Ontario and the greater Detroit area, so we are better able to support our customers on advance projects,” Kaveh Vafaei says.

Research and development will be another important facet of the Technical Center’s mission.  “The Technical Center will be an ideal incubator to develop important new processes and will help the whole company push the state of the art in fineblanking and other cold forming technologies,” states Corporate Engineering Director Mark Polatsek.

Headquartered in Shelton, CT, Precision Resource specializes in the supply of complex components and assemblies using the fineblanking technology.  The company markets its products to the automotive, electronics, power tool, and industrial markets primarily.  The company also employs a wide array of secondary finishing technologies, including double disc grinding, fine-grinding, honing, plastic over-molding, and CNC machining, in order to supply very tightly toleranced complete solutions to its customers.

Fineblanking is a high precision metal forming process used extensively in the automotive, heavy duty, electronics, medical, lawn and garden, and general industrial industries.  This unique process creates parts with very tight dimensional tolerances, excellent flatness, and with very little variation form part-to-part throughout long production runs.  These characteristics lead designers to specify fineblanked components for their most critical applications.

Precision Resource has six production facilities in the United States and Canada.  In addition to the Technical Center in Canada, the company operates plants in Huntington Beach, CA; Shelton, CT; Mt. Sterling, KY; Vernon Hills, IL; Cambridge, Ontario, and Saltillo, Mexico.  For more information regarding the company, visit www.precisionresource.com.