Bangalore, Sep 12: The Rs.277 crore machine tool leader Bharat Fritz Werner today announced its entry into global market with the setting up of a wholly owned subsidiary in Germany near Stuttgart.
The Company in a release here said that it had a variety of 365 machines, the largest range offered by any machine tool maker in the country. It also invested close to Rs.80 crore in Research and Development, besides technical centres and plant and machinery.
BFW has just completed the first phase modernisation at its plant, machinery, and facilities with an investment of Rs.80 crores.
The new spindle manufacturing facility signals the beginning of the second phase of modernisation at BFW. Vayu, a new generation CNC vertical machining centre, was introduced by Bharat Fritz Werner for the Indian market today. Vayu will be of special interest to auto ancillaries and manufacturers of passenger cars.
Vayu is a computer numerical control (CNC) machine that could machine components as heavy as 800 kg and as big as 0.5 metre wide and 1 metre long. Such components were used not only in auto industry but also in general engineering, aero industry, die and mould industry. Vayu performed various kinds of operations, accommodating up to 24 tools.