Comments
Ace Manufacturing Systems (AMS), a single-source supplier of machines to majority of Indian original equipment maker (OEMs) and large-size component manufacturers, has doubled its production capacity.
On Friday, the company, which is part of Ace Micromatic Group, opened its new manufacturing facility in Bengaluru, built at a cost of ₹80 crore.
“The new facility will enhance our production capacity from the current 1,200 machines a year to 3,000,” P Ramadas, managing director, Ace Manufacturing Systems, told BusinessLine .
“It has been built to manufacture large-size horizontal machines. A portion of the facility has a dedicated space for automated turnkey solutions.”
The company’s vertical machine centres, twin-spindle machining and horizontal machining centres (HMCs) produce precision components for major global automotive firms such as Daimler, Jaguar Land Rover, Bentley, Maserati, BMW and Volvo.
The company has had a phenomenal grown from a modest turnover of ₹68.07 lakh by producing three machines a year in 1994-95 to a ₹416-crore turnover and production of 1,214 machines a year.
Ramadas said the firm has set a target of crossing ₹500 crore this fiscal and has so far installed more than 10,000 machines in India and around 400 machines abroad.
Talking about the industry, he said: “This year, we have seen surge in demand for machine tools. Most of our customers have placed bulk orders to meet their forecast with their customers. While the demand picked up, unfortunately the supply dropped.
“The global demand for precision-class components which are largely imported in India, increased multiple folds. This created a major demand-supply issue for most machines tool makers earlier this year, and our deliveries also got delayed, causing inconvenience to many customers.”
The company’s machines find application in automobile, die and mould, aerospace, and medical and dental equipment manufacturing. It also caters to the needs of general engineering and defence industries including power, energy and other government sectors.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.