Reuge plans to build a new factory in Ste-Croix and you can participate in the project

Aside of Vianney Halter, Carl F. Bucherer Technologies SA (formerly known as THA) and François Junod, Ste-Croix is also home of Reuge, the last high end music box manufacturer in the world. During the last years, Reuge has survived several severe crises. Kurt Kupper, Reuge's current CEO managed to bring back finances on positive balance.

After intense discussions, Reuge will finally stay in Ste-Croix and build a new factory on the grounds of Ste-Croix's Technopole. The new premisses will be smaller and more functional as the current location situated opposite François Junod's dream factory. Estimated at 4.5 million Swiss Francs (CHF), Reuge launched a public subscription in November 2011.


A view of Ste-Croix

In an interview given to Swiss newspaper 24heures, Kurt Kupper says "I prefer using my money financing new equipment and develop production facilities rather than paying interests to the banks. If I borrow 1 million, I'll end up paying them 70'000 CHF interest every year: needless to say I prefer invest them in the company."


The Winch High Tech, one of the more modern music boxes Reuge has in its current collection

The public subscription was initially closing on December 16th, 2011. Since several interested parties have expressed their wish to think things over during the Christmas holidays, Reuge has extended the deadline to January 15th, 2012. The idea is to gather 1 to 1.5 million in shares of a real estate company future owner of the premises. "Friendship shares" as says Kurt Kupper. In return, Reuge will provide substantial and long-term discounts to their fans: 25% for a 100 CHF share and 40% for a 1'000 CHF share.

Click here to get in touch with Reuge
(you like the idea ? spread the news, there's not much time left to give it a go)

MarkS