- BFW has earmarked Rs. 33 crores towards setting up a new plant for manufacturing machine tool spindles in Hosur; plans to manufacture indigenously developed machine tool spindles
- Rs. 115 crores has also been reserved to acquire new machinery and add shop floors to accommodate new lines of products to be churned out from the manufacturing facility in Bangalore
- BFW is also setting aside Rs. 45 crores for restructuring the aerospace business
Bengaluru-based Bharat Fritz Werner Limited (BFW), a machine tool major in India, today announced its aggressive expansion plans which include setting up of a new facility in Hosur, restructuring of its aerospace business and intentions of international mergers and acquisitions. BFW plans to pump in Rs. 350 crores in the next five years towards vertical and horizontal growth. The company is eying a turnover of Rs. 330 crores in the financial year ending March 31, 2011, a 65% jump over the previous year.
According to BFW, the Rs. 3,000 crores machine tool industry in India is slated for rapid growth, with demand expected to reach Rs. 55,000 crores by the year 2020. In sync with the trend, BFW plans to log turnovers of Rs. 850 crores and Rs. 1,300 crores in the years 2013 and 2016 respectively. The company is considering several options for merger and acquisition of international players as well.
BFW has earmarked Rs. 33 crores towards setting up a new plant in Hosur for manufacturing machine tool spindles. The unit is expected to come on stream in a year's time. The plant will cater to the needs of machine tool builders and users worldwide. The spindles will be in the range of 2,500 rpm to 24,000 rpm to match typical requirements.
Most of the spindles presently mounted on machine tools in India are of imported origin. Such spindles are expensive, have protracted delivery schedule, and consume considerable time and money on repairs. Since machining comes to a complete halt till the spindle starts running again, spindles play a significant role in manufacturing of metallic components.
“The machine tool industry in India is poised for exponential growth and BFW will be one of the key players leading this growth. Today, indigenous availability of appropriate technology, raw materials, workforce and infrastructure are going to play a key role in the growth of this industry.
BFW has been in business for more than four decades, constantly innovating and delivering world class products. The time ahead is very exciting for BFW and the industry,” said Mr S. N. Mishra, Vice Chairman and President, Bharat Fritz Werner Limited.
BFW is also setting aside Rs. 45 crores for restructuring the aerospace business. The company diversified into the vertical two years ago, and has acquired AS9100B certification and the DOFA (Defence Offset Facilitation Agency) license.
Rs. 115 crores has been reserved to acquire new machinery and add shop floors to accommodate new lines of products to be churned out from the manufacturing facility in Bangalore.
About Bharat Fritz Werner Limited (www.bfwindia.com) Incorporated in 1961 with German techno-commercial collaboration, BFW is a 100% Indian company with a subsidiary in Germany. BFW has more than 400 product variants, is ISO9001:2000 and ISO14001:2004 certified, and the largest single machine tool manufacturing company in India. BFW is the largest producer of horizontal machining centres and conventional milling machines in the country. BFW’s products cater to the following industry segments: aerospace, automobile, defence, dye and mould, forging, general engineering, machine tool, medical implants, off-highway products, pharmaceuticals, power generation, printing, railway, textile, training and education. BFW is also committed to the preservation of nature and maintains several gardens, a greenhouse and a pond at its premises in Bengaluru. The company till date has planted 40,000 trees in and around the factory, apart from practicing rain water harvesting and drip irrigation. Organic manure from dead leaves, residual food articles and waste from sheep is used for growing more than 100 varieties of flowers, fruits, spices, aromatic and medicinal plants at its premises.