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Patek Philippe Opens $632M Manufacturing Building

To celebrate, the brand launched a limited-edition timepiece.

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Patek Philippe announced the completion of its new production building in suburban Geneva and celebrated the occasion with the launch of a limited-edition timepiece.

Total investment in the building was 600 million Swiss francs, equivalent to about US $632 million.

The structure in Plan-les-Ouates will “unite all of the manufacture’s Genevan ateliers under one roof, a great advantage given the growing complexity of production operations,” according to a press release from the company.

“Moreover, it offers ample space for the rare handcrafts professionals and for basic and advanced training of the employees,” the release continued.

“With its impressive dimensions (10 floors and a length of nearly 200 meters), it expands the 1996 building complex and anticipates the manufacture’s growth in the next 20 to 30 years. The new building reasserts Patek Philippe’s Genevan roots and its confidence in the future of watchmaking artistry that perfectly melds tradition and innovation.”

The completion of the structure is being celebrated with the launch of a commemorative watch. The Ref. 6007 Calatrava in steel stands out with an exclusive design concept and will be crafted in a limited edition of 1,000 pieces, according to the company.

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