Swatch automatic6/24/2023 ![]() In contrast, since the addition of the "-2" at the end of the movement number, there has been no difference between the standard and the chronometer grades in terms of the regulator mechanism, both being Etachron. The key components which differ at the line of demarcation between Elaborated and Top are the shock protection system (Elaborate=Etachoc/Top=Incabloc), balance wheel (Elaborate=Brass/Top=Glucydur) and the hairspring (Elaborate=Nivarox 2/Top=Anachron). One workhorse of the ETA mechanical line is the ETA 2824–2, The 2824 is an automatic winding, twenty-five jewel movement, available in four executions or grades: Standard, Elaborated (improved), Top and Chronometer. Hamilton Khaki Field Officer H70615133 with Swiss ETA 2824-2 movement In 1998, Swiss Corporation for Microelectronics and Watchmaking Industries Ltd ( Société de Microélectronique et d'Horlogerie or SMH), founded in 1983 through the merger Swiss watchmakers ASUAG and SSIH, was renamed the Swatch Group. Hayek, as newly elected chairman of the board and main shareholder had already become the only person of reference. He became SMH's first CEO, position he held until 1991. Throughout the years of crisis and restructuring from 1978, Ernst Thomke was at the helm of ETA SA, and also had become CEO of Ebauches SA and appointed on the Board of Directors of ASUAG. Eventually, both ASUAG and SSIH faced bankruptcy. ![]() Foreign competition and the mass production of cheap new electronic products were taking over the market. Following repeated crises in the Swiss watch industry, by the 1970s both ASUAG and SSIH were again in trouble. In the 1930s, both ASUAG and SSIH entered into complementary research and development programs to combat a severe economic crisis. ASUAG expanded through the purchase of companies that made movement-blanks and a number of finished watch manufacturers that were subsequently brought together under the subsidiary General Watch Co (GWC). By consolidating companies that produced high-quality movements and a number of watch brands, SSIH gradually established a strong position in the Swiss watch industry.Īt the time, both SSIH and ASUAG held a number of well-established Swiss watch brands. SSIH was founded in 1930 through the amalgamation of Omega and Tissot. In 1978 AS and ETA merged and in 1985 ETA took in all the activities done before by Ébauches Ltd and FHF (both part of SMH/Swatch Group). In 1926, ETA AS (the movement branch of Eterna, founded in 1896) and FHF (founded in 1793) took part in the creation of Ébauches Ltd. Girard set up a watch movement ( ébauche) factory which eventually became Eterna. In 1856 at Grenchen, Urs Schild, a schoolmaster, and Dr. With the exception of hairsprings manufactured by sister company Nivarox, ETA maintains vertical control over the manufacturing of all of the components required to create a watch movement and therefore is considered a true manufacture d'horlogerie.ĮTA is the result of successive consolidation of the Swiss watch industry, a combination of several former Swiss watch movement manufacturers including Valjoux, Peseux and Lemania. ![]() Although the company produces finished watches and movements, ETA specializes in the production of ébauche movements used both in watches of sister Swatch Group subsidiary brands and in the watches of competitors, including brands owned by Compagnie Financière Richemont S.A. Description ĮTA designs and manufactures mechanical and automatic watches, watch movements and watch ébauches. To resolve the concerns of Swiss government regulators, ETA has entered into an agreement that governs certain business practices. ETA has undergone several Swiss government investigations due to its market position. Through a series of mergers, ETA has become the largest manufacturer of Swiss watch movements and controls a virtual monopoly over their production and supply. Though ETA was founded by Eterna in 1856 some part of its production line can be traced back to the 1793 founding of Fabriques d’Horlogerie de Fontainemelon (FHF) by David Benguerel, Isaac Benguerel, François Humbert-Droz and Julien Humbert-Droz. Commonly referred to as ETA, the company is headquartered in Grenchen, Switzerland, and is a wholly owned subsidiary of The Swatch Group. Valjoux 7750 movement and ETA 2892 movementĮTA SA Manufacture Horlogère Suisse ( ETA SA Swiss Watch Manufacturer) designs and manufactures quartz watches and both hand-wound and automatic-winding mechanical ébauches and movements.
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