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News Release from: C Dugard
Edited by the Manufacturingtalk Editorial
Team on 03 August 2005
Korean company's machine tool exports to
double
Multi-million dollar plans have been announced by Hyundai-Kia Machine, which predicts that over the next two years machine tool exports will double to in excess of $200 million.
Multi-million dollar plans announced by Hyundai-Kia Machine, South Korea's largest machine tool builder, a wholly owned subsidiary of the $2.8 billion, 19 company global giant Hyundai-Kia Automotive Group, predicts that over the next two years exports will double to in excess of $200 million This rapid growth will be fuelled by new ranges of lathes, vertical and horizontal machining centres targeted at the oil, aerospace, mould and die and production sectors and will be available in the UK through C Dugard of Hove, Sussex
This article was originally published on Manufacturingtalk on 24 Nov 2005 at 8.00am (UK)
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Hyundai-Kia Automotive Group is the second largest Korean company to the country's Samsung Group with its machine tool sales running at $380 million from building just over 5,000 units a year.
However, investment in new production facilities and new machine developments should see this rise to around 8,500 units by 2008.
This year, some $95 million of machine tools will be exported from the 68 current models in build comprising 35 variants of lathe and turning centre, 23 types of vertical machining centres and the 10 model range of horizontal machining centres.
As part of the company's forecast increase in global demand, exports from Hyundai-Kia are expected to more than double in just two years.
As part of the introduction of new machines, Hyundai-Kia has set up a network of technical collaboration projects with leading design houses, spindle builders, control system, robotics and tooling suppliers as well as test and evaluation companies in the Far East and Europe.
Maintains the company, these exchanges are already influencing both standard and special machine development.
By the end of 2006 the turning range, available through C Dugard, will be expanded to include new 'big bore' lathes (up to 1300 mm), new Y-axis mill/turn centres, a tilting mill-turn head lathe will be introduced and a new range of two spindle, two turret turning centres, long bed turning machines and mill/turning centres.
With major developments being pursued in the mould and die sector, high stability five-axis machines are planned to be launched as well as high (40 taper), medium and economy specification vertical machining centres.
Meanwhile, new high speed ranges of horizontal machining centres, table-type machines with 40 and 50 taper and up to 15,000 rev/min spindle speed are in final development. Request free introductory details about products from C Dugard ...
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