MC Craftsman Machinery Private Limited, a subsidiary of Mitsubishi Corporation, Japan, will inaugurate its technology centre here on September 7.
Yoji Taguchi, Chief Executive Officer and Managing Director of MC Craftsman Machinery, told presspersons here on Wednesday that the 12,000 sq. ft. technology centre and head office building here would sell EDM (electrical discharge machining) and laser cutting machines and machine tools, training, servicing and supply of consumable parts. The company was incorporated in 2007 as a joint venture with Craftsman Automation Private Limited and had invested about Rs. 15 crore (30 per cent of it from Craftsman) in its Indian facilities. It had established branch offices in New Delhi, Mumbai and Chennai and showrooms in Chennai and Coimbatore. The company was selling about 30 EDM machines in India annually. The country’s annual market for high-end, high-precision EDM machinery was about 100 units.
With multinational automobile and mobile companies localising dies and moulds, the demand was increasing for high-precision EDM machines in India. The machines were used in the automobile, medical, jewellery, and electrical and electronic sectors and the laser cutting machines in automobile, construction, aerospace, farm machinery and IT sectors.