Tell us about your key product displays at IMTEX.
Fenwick and Ravi (FAR) is a leading machine tool company and manufactures Bar Feeders, Hydraulic Self Centering Steady Rest, Zero Point Clamping Systems, Angular Milling Head and other customized Work Holding Machines. Our products are used in various industries such as automobiles, defense, railways, aerospace, machine tool industries, etc.
FAR's Products are compatible with HAAS, Doosan, Takisawa, Morei Seiki, Mazak, Kia, CNC Takang, HNK, Alextech, Proking Lates, Leadwell, Okuma, YCM, DMG, Niles- Simmons, ECOCA, Landis, Schaudt, Toss and Indian machines. Also, out products are exported to all over the world.
What are your expectations from this edition?
Our strategy is to showcase all new technologies and products, reconnect with large customer base in India. We are also aiming at new customers and establish relationship with overseas visitors.
How has been the last few year for your company?
IMTEX has been a platform to showcase capabilities in the Indian machine tools space. It has helped the machine tool industry to benchmark its innovations and also have given international exposure to the participants.
It is very energetic and wondered that the domestic industry has clawed back well in the last 10 to 12 years to regain 50% of the consumption in an ever grain market. Today Japanese or European firms based in India, have Indian made machines, which was not the case some time back.
IMTEX is continually evolving and pretty rapidly in CII respects, from organizing, number of participants, visitors, innovation and products, oversea visitors, oversea participants. It is about three times, what it was ten years back.
What are your expectations from 2019?
For financial year 2019-20 and 2020-21, we are aiming to achieve turnover of 23 cr. and 30 cr. respectively with the investment in high capacity machines and new technology.
We are a growing company. Every year, we are implementing some new changes in our manufacturing plant with some new technology. Our key products are well known in India as well as few foreign countries. For achieving these higher figures, we are focusing on export market for our key products. In the last two financial years, we have over achieved our targeted turnover. We hope to continue this trend.
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