Do you think the machine tools industry's approach is now changing due to the dynamic nature of the market?
Yes, the changing nature of the markets, has led Indian MTMS to look beyond traditional customer industries like automotive, auto ancillaries, railways, defence and consumer durables.
There is definitely a need for MTMs to constantly explore newer markets like medical devices industry, aerospace industry or newer applications like machining of composites or to get into the ‘Solutions Space'. BFW is wholly committed to deliver superior technology-enabled products to market.
India stands 14th in production and 10th in the consumption of machine tools in the world as per the 2015 Gardner Business Media survey. What impact will the various govt. Initiatives like Make in India will have on these statistics? How will your organisation contribute?
On the topic of ‘Make in India', BFW completely supports the Govt. of India on making India the manufacturing hub of the world. We are bringing to India high technology 5 axis product line of our German subsidiary - Matec.
Have you launched any new product recently or are planning to do so? Tell us about it?
Yes, we have recently launched. This includes a range of new products under the ORION series of Next-Gen HMCs and Accutron Series of Twin Spindle VMCs. We are presently committed to continue launching a host of new products that will change the perceptions of Indian and international customers with regards to Indian-built machine tools.
Our Accutron range of VMCs will perfectly balance high speed machining with precision performances, resulting in high levels of productivity for our customers. Our Next-Gen Orion - series HMCs, which is a product of Indo-German engineering excellence, offers cutting edge performance in machining like never before. Both products are perfectly poised to offer path-breaking performance and will set benchmarks in machining for domestic OEMs, Tier 1 and Tier 2 customers, as well as cater to the challenging of international markets. With these products and more to come, BFW is optimistic of being counted among the top 20 MTMs globally.
We have made significant investment - including an acquisition - to add the turning product line to our milling portfolio. With this acquisition - we are now equipped to offer end-to-end turning range - starting from catalogue products, solution turning, high end turning and vertical turning. Market response to our turning portfolio is very encouraging.
Any plans of expansion?
BFW is a forward-looking organisation upbeat about medium and long term growth prospects and we will continue to aggressively grow our footprint in both domestic and export markets across diverse industry sectors as well as applications in our chosen domain by expanding product lines and geographies.
END
