Patek Philippe Finishes $600M Production Facility

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Patek Philippe Finishes $600M Production Facility

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Well, here it is. After 5 years and $600 million dollars, Patak Philippe's new facility is finally ready. Use the link to see more pics of the interior, and find out what's in it. :)

Patek Philippe Finishes $600M Production Facility
By Michelle Graff
michelle.graff@nationaljeweler.com
June 23, 2020


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A shot of the interior of Patek Philippe’s recently completed production facility in Plan-les-Ouates, Switzerland

"Geneva—Patek Philippe has finished construction on its new production facility in the Geneva suburbs and released a limited-edition Calatrava to commemorate the occasion.

An expansion of the facility constructed in Plan-les-Ouates, Switzerland in 1996 under then-President Philippe Stern, the 10-floor, 1.4-million-square-foot addition took five years to build and cost the company about $600 million.

When the watchmaker moved to Plan-les-Ouates, the idea was to consolidate all of Patek Philippe’s functions under one roof but the facility was not big enough to keep pace with the company’s growth.

In 2003, Patek Philippe had to move its gem-setting and watch case and bracelet production functions to Perly, another Geneva suburb.

Six years later, under Thierry Stern, Philippe’s son and successor, the company converted an existing office building into an atelier complex where it produces all its movements.

It also bought land to expand its facility in Plan-les-Ouates, with two goals: bring the employees working in Perly to the Plan-les-Ouates facility and leave room to grow.

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The watch’s sapphire crystal caseback is inscribed with the Calatrava cross and “New Manufacture 2019.” It retails for $28,351.

Patek Philippe said it isn’t looking to produce more watches ... "

https://www.nationaljeweler.com/watches ... n-facility
PinkDiamond
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