Hubert Etienne, Sergio Vallet and Sergio Mondaini found Establishment VEM, a general partnership located in Couvet, Val-de-Travers. This small mechanical workshop and tool manufacturing of all kinds begins its activity with only an Ewag WS11, a saw cutter, a Schaublin 102 lathe and a drill press .
Establishment VEM is moving its premises to Môtiers, Val-de-Travers and will take advantage of its 150m2 to expand its machine park over the years.
Hubert Etienne buys all the shares and Establishment VEM becomes VEM H. ETIENNE. The company then turned to the manufacture of solid carbide cutting tools on request.
Hubert Etienne designs and develops the company's first CNC numerical control sharpener. The brand took off and met with great success in the fields of watchmaking, machine tool and automotive.
The company restructures into a public limited company and becomes VEM TOOLS SA.
Antony Etienne, the founder's son, takes over the reins of the company. Hubert Etienne retires and retains the role of technical consultant at VEM TOOLS SA.
The firm is investing in the construction of a 450m2 building in Buttes, Val-de-Travers. This new workspace makes it possible to accommodate new means of production and control while offering employees the comfort of a modern workspace.
By having customer satisfaction at the heart of all its decisions, the company is experiencing a new boom and has seen its turnover doubled over the last two years.