HURCO expands its international market position

Gregory Volovic, President of HURCO Companies, expressed his satisfaction by concluding: "We believe our customers world-wide will benefit from the expansion of our portfolio because Milltronics and TAKUMI are strong global tool brands with an extensive range of machine tool products." According to his predictions, this will already have a positive effect on HURCO's consolidated earnings in the 2016 fiscal year. Milltronics is a manufacturing company that designs and builds CNC controls, milling machines and turning machines for toolroom and production environments at its Minnesota facility. TAKUMI, a company from Taiwan, designs and manufactures CNC vertical machining centers, double column machining centers, high speed bridge machines and other machine tools, with sales primarily in Taiwan, China and Europe.

TAKUMI and Milltronics products are the optimal addition to HURCO's machine tool range in that approximately 60% of Milltronics and TAKUMI's lines are unique. Machine tools equipped with industrial controls from Fanuc, Siemens, or Heidenhain have been added to the portfolio for high-volume manufacturing environments. In future, the individual product lines will continue to be sold under their own brand names. Tried and tested designs are used by each of the brands, a factor that benefits the development of product enhancements, technologies and models.