Italian seals maker PHE Gaskets moves to Switzerland

TICINO, Switzerland (Sept. 21)—PHE Gaskets S.A.-Ticino (CH) has moved is operations from Milan, Italy, to Ticino, and is adding to its production capability. Owned by Geat S.r.l. Milano, a seals and gaskets maker based in Milan, PHE Gaskets has added a 500-metric-ton Rutil S.r.l. press, and expects to purchase a similar model and a 1,000-ton press within the next two years. The firm said its ambition is to gain a 30-percent share of the global heat exchanger market for rubber and PTFE parts.