Sunday, May 5 2024 | Time 12:10 Hrs(IST)
image
Business Economy


BFW inaugurates new manufacturing plant at Hosur in TN

Hosur (Tamil Nadu), Apr 20 (UNI) Bharat Fritz Werner Ltd (BFW) a leading Indian advanced manufacturing technology solutions company, on Saturday inaugurated its state-of-the-art manufacturing facility at Devaganapalli, in Hosur in Krishnagiri district of Tamil Nadu.
This new facility, set up with an investment of Rs. 200 crore, brings numerous innovative practices and several unique and industry-first features.
They included two world-class assembly halls spanning 20,000 sqm each, with a combined capacity to produce over 10,000 CNC machines annually, a 3X expansion.
The overall footprint of 54 acres allows for setting up the Vendor Ecosystem in the future, a fully digitalized and interconnected manufacturing processes, incorporating conveyorised assembly of machines, environmentally friendly infrastructure with various features designed to minimise carbon footprint.
- In alignment with the Government of India's initiatives to promote skill development and empower women ("Nari Shakti"), the new facility promotes local talent with a planned gender diversity target
of 30%, a pioneering move within the global Machine Tool Industry and a fully integrated "Spindle Technology Centre," encompassing indigenous engineering, manufacturing, assembly, and service
of high-quality machine tool spindles, including integral motor technology, a BFW release said.
Mr Arun Kothari, Chairman, BFW said "We aimed to establish a facility of global standards for scale and efficiency. I am confident that this facility will aid us in furthering our aspiration of participating in the growth of manufacturing“
"Our teams have innovated many robust machine assembly processes for low Takt time taking inputs from the global best practices across the industry," said Mr. Ravi Raghavan, MD, BFW
“The manufacturing sector finds itself at a pivotal juncture. Challenges, disruptions, and innovation have marked BFW's journey over the past 63 years. To fulfil its purpose of “Enabling Progress " of manufacturing BFW has embraced the initiative " LEAP - Leadership thru Ethical practices, Agile Processes and Partnerships."
Under this initiative, BFW aspires to act as a strategic partner of the Global Manufacturing Industry by Scaling up the capacity 3X, adopting best practices of the Automotive Industry to the Machine tool domain, and deploying Technology to evolve a digitally connected ecosystem. The machine tool industry in India is growing at a CAGR of 15 to 17% annually, and BFW is a leader in the industry is growing at 20%.” Mr. Raghavan added.
With an excellent design engineering capability & two state-of-the-art manufacturing plants, BFW provides solutions to meet the performance, productivity and reliability expectations of diverse industries including Aerospace, Automotive, Defence, Die Mould, Forging, Valves, Railways etc.
With 65000+ installations, operating in 15 countries, the BFW Europe office is the most recent addition to better serve global customers with advanced manufacturing solutions. Through channel partners, a wide sales & service network is available at 48 locations in India including 5 tech centres.
The inauguration event was graced by Dr Eng Yoshiharu Inaba, Chairman, FANUC CORPORATION; Mr Vipin Sondhi, Chairperson of the National Board for Quality Promotion, Quality Council of India and Former Managing Director & Chief Executive Officer of Ashok Leyland & JCB India; Mrs Geetanjali Vikram Kirloskar, Chairperson & Managing Director, Kirloskar Systems Pvt. Ltd, Mr Akihiro Teramachi, Representative Director, Chairman, and Chief Executive Officer for THK Group and other thought leaders from the industry and over 50 overseas Global partners of BFW and 300+ senior manufacturing professionals representing various clients and supply chain partners.
UNI GV 1900
More News

MRPL net drops over 40% in Q4; Final dividend at Rs 2 per share

04 May 2024 | 7:51 PM

New Delhi, May 4 (UNI) Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary company of ONGC, on Saturday reported more than 40 percent fall in net profit at Rs 1,137 Crore during January-March or Q4 of fiscal year 2023-24 compared to Rs 1908 crore in the same period in 2022-23.

see more..
India lifts ban on onion exports amid Lok Sabha polls

India lifts ban on onion exports amid Lok Sabha polls

04 May 2024 | 6:41 PM

New Delhi, May 4 (UNI) The government on Saturday lifted the ban on onion exports, nearly six months after the restriction was imposed.

see more..

Kotak Mahindra Bank profit surges 17 pc to Rs 5,337 crore, board approves dividend

04 May 2024 | 6:08 PM

New Delhi, May 4 (UNI) Private lender Kotak Mahindra Bank on Saturday reported 16.88% year-on-year increase in consolidated net profit at Rs 5,337.20 crore for the January-March quarter (Q4) of the financial year 2023-24.

see more..

Kottayam-Kochi Rubber Market Rates

03 May 2024 | 8:27 PM

Kottayam, May 3 (UNI) Following were the Rubber Market rates announced by the Rubber Board here on Friday per quintal.

see more..

M&M leads Indian auto-pack with record-breaking 674 patents in FY24

03 May 2024 | 7:12 PM

Kolkata, May 3 (UNI) Mahindra & Mahindra (M&M), the automotive and farm equipment flagship of the Mahindra Group, has received a record 674 patents in FY24, the most of any Indian 4-wheeler automobile/farm equipment manufacturer.

see more..
image