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Home arrow News arrow Alliances and Joint Ventures arrow Mitsubishi Corp anounces JV with Coimbatore based, Craftsman automation

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Mitsubishi Corp anounces JV with Coimbatore based, Craftsman automation
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Written by Vijay   
Thursday, 24 April 2008

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Chennai: Mitsubishi Corporation, Japan's largest general Trading Company, and it's subsidiaries have announced a joint venture with Coimbatore based Craftsman Automation Pvt. Ltd, to set up MC Craftsman Machinery Pvt. Ltd. The new company will offer sales and service of Industrial Machinery like Mitsubishi Electrical Discharge Machine (EDM) and Mitsubishi CO2 Laser cutting Machine (Laser), manufactured by Mitsubishi Electric Corporation, and other Machineries in the field of Die and Mould industry, Sheet Metal Industry and parts Manufacturing Industry.

With Head Office and main Technical Centre in Coimbatore, Tamil Nadu, other branch offices and centers of MC Craftsman Machinery will be located in Chennai, Pune and New Delhi to support customers in major industrial region.

Commenting on the partnership, Mr. Yoji Taguchi, Managing Director, MC Craftsman Machinery Pvt. Ltd, said "India is growing in it's Manufacturing Development and the market size is expected to multiply many fold in the coming years. To address this market for sales, service, spares and application support, we decided to set up a strong professional system oriented organization with talented and trained man power.  With the technical expertise and know how of Indian market, we could not have found a more suitable partner for this venture than Craftsman automation"

Mr. S. Ravi, Managing Director Craftsman Automation Pvt. Ltd. said, "With over two decades of experience in this industry, we have been associated with Mitsubishi Corporation for 10 years now. The new entity, MC Craftsman Machinery, would cater to Die & Mould industries, parts machining industries and sheet metal industries who want to grow and reach global standards of quality and technology. "

As per the Indian Machine Tool Manufacturers Association, the production of Machine Tools in India has seen a growth of 15% in 2007 over the previous year. It is evident that demand for Machine Tools in India is growing rapidly since 2002-2003. It is showing signs of sustenance that will last for next several years, thanks to the rapid surge in the manufacturing activity, especially in the Automobile and Auto component sectors. Indian Machine Tool industry has further invested in technology and human capital to greatly enhance capacity to meet the growing needs.     

Die & Mould industries in India have the strong relation with the growth of technology for Automobile and Electric products in relation with Computer, cell phone, home appliance and so on. Now in India, in these industries, big change is taking place which means "Expansion of Demand in Indian Domestic Market" and "Strong requirement for Manufacturing base for the market abroad" which require our end user to go to the higher accuracy with higher speed than before.  To have a comparison the Indian Tool room Industry is at present less than 10% of that of Japan or China. This is set to a large change in the near future", Mr. Taguchi further added.

Mitsubishi Electrical Discharge Machines (EDM) and Mitsubishi CO2 Laser cutting machines (Laser) will provide cutting edge solution to this growing needs of the manufacturing sector in India by providing not only the high end machines but also providing the most advanced technology.

About Mitsubishi Corporation

Mitsubishi Corporation (MC) is Japan's largest general trading company (Sogo Shosha) with over 200 bases of operations in approximately 80 countries world wide. Together with it's 500 group companies, MC employs a multinational work force of 54,000 people. MC has long been engaged in business with customers around the world in virtually every industry, including energy, metals, machinery, chemicals, food and general merchandise.  

About Craftsman Automation Pvt.Ltd.

Craftsman Automation Pvt.Ltd was established in 1986 and has grown over the years to an employee base of 500 and sales turn over of 200 cr. Craftsman Automation are the core contract manufacturers (OE Suppliers) of sub assemblies , machining of cylinder blocks and head etc. The company caters to the Automotive, printing machine, textile, marine and locomotive Industry among others.

Last Updated ( Thursday, 24 April 2008 )
 
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