Bharat Fritz Werner acquired the Turning business of Chennai-based engineering firm Proteck Machinery 9 months ago. BFW is aggressively working towards import substitution and contributing towards the ‘Make in India' mantra by introducing a plethora of machining options.

A K Kothari, Chairman BFW said, "Our Group companies, stress a lot on R&D irrespective of the industry to which they cater. Innovation is at the center stage of our corporate philosophy. At BFW, we believe our customers deserve innovative machine tools and, we are committed to making the right investments to reinforce customers' trust in us."

BFW has transitioned from being a traditional machine tool manufacturer to becoming a NextGen solutions provider. The company aspires to be one among global top 20 machine tool manufacturers by 2020.

Ravi Raghavan, MD & CEO, BFW said "Spends on R&D in India are well below the global standard across industries. As a nation, we need to pay greater attention to innovate and transform. At BFW, we recognise our responsibility as one of the leaders and being a pioneer in this industry, we are striving to drive progress by singularly focusing on R&D. Our ambition is to be a strong global player and research is the backbone of our plans. In the coming years, we will continue to invest in cutting-edge technology."

BFW has a leading share of the domestic milling market. With a subsidiary in Germany, the company today caters to the global needs of customers for high-end milling needs.  With the acquisition of Proteck Machinery, BFW has made a commitment to be a leading player also in the Turning segment.

T Subramaniam, Head of the Innovation Center, BFW said, "While BFW's design capability is acknowledged worldwide, we need to complement this with inputs from core research. This is what the Innovation Center will help us achieve. Investments in manufacturing R&D are critical for a country's progress and employment generation."
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