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Mazak reports further growth and investments in the European market

Mazak reports further growth and investments in the European market

Added to MTDCNC by Yamazaki Mazak UK Ltd on 09 November 2015

Yamazaki Mazak has announced solid growth in its European markets and pledged further investment across the continent.

At a dinner for European journalists, held during EMO 2015 at the Leonardo Da Vinci Museum in Milan, Mr Tomohisa Yamazaki, President of Yamazaki Mazak Corporation, offered guests a detailed overview of the global market for machine tools. He reported very positive market conditions in Japan, strong growth in the aerospace and automotive markets in the United States, which will be served by an expanded manufacturing facility in Kentucky, but weaker trading conditions in China. 

In regard to Europe, Mr Yamazaki commented: 'The European market, which represents 30% of our global business, has – despite the economic difficulties – seen significant growth. This has been backed by our continued strategy of investment.'

Mr Yamazaki’s comments were echoed by Marcus Burton, European Group Managing Director, who also outlined a series of new investments in Europe. 'We have maintained strong momentum, achieving solid growth in Europe. We have achieved this by following our long-term strategy of continuous investment, which includes our fourteenth European Technology Centre in Budapest, Hungary, which will open in 2016.' 

He continued: 'In 2016 we will also commission our new large part machining facility at our European Manufacturing Plant in Worcester in the UK. Most importantly, we will continue to invest in new products and technologies to ensure that Mazak machines and SMOOTH Technology are at the forefront of the move towards the practical application of Industry 4.0 and the development of the connected factory.'

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