Panerai Breaks Ground on New Manufacture in Neuchatel
Ten years after opening its manufacture in Neuchatel, Switzerland, Officine Panerai has announced that it will be breaking ground on a new factory at Pierre-��-Bot, on the hills above Neuchatel. All the company’s development, production and assembly of watches and movements will be transferred to the new production facility, set to open by the end of 2013. The new factory aims to streamline Panerai's current production process. Currently, all the stages of development �� including manufacturing the various components, assembly and quality control �� take place at different production sites. The unification of these various stages in a single, significantly larger location is intended to yield higher production capacity, greater independence at all stages of production, and better quality control.With 10,000 square meters of space, the new manufacture will house 290 employees, including master watchmakers �� 130 more than are presently employed at the current manufacture building in t

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