Lokesh Machines signs strategic alliance with Tongtai Machine & Tool

India Infoline News Service | Mumbai | January 31, 2017 11:58 IST

The company wishes to leapfrog its technological base with some ultrahigh speed machines for new age metals and products.

Lokesh Machines Limited has signed a landmark agreement with Tongtai Machine & Tool Co Ltd., Taiwan to manufacture the most popular Hi-Speed Vertical Machining Center Model EZ5 for the Indian market. The company has made this strategic announcement during the ongoing machine tool fair IMTEX 2017. Lokesh Machines Limited is ranked as one of the top five Machine Tool Manufacturers in India. The company takes pride in a worldwide client base and is a noted machine tool Manufacturer in India with a record of exports to Japan, Germany, Italy, Russia and other European Countries.

With a successful portfolio of products under its belt and with sound credentials of supplying several critical machines to the Indian Automobile, Energy, Aerospace Industries and also exporting machines to Japan, Germany, Italy, Russia, China and other European Countries, the company wishes to leapfrog its technological base with some ultrahigh speed machines for new age metals and products.

Speaking about the tie up the Director M. Sri Krishna said, “We are in an era of change and unparalleled growth. To speed up our processes and remain at the cutting edge of technology is of paramount importance to take the company to the highest peaks of achievement and to make in India but yet remain a global power. Our venture with Tongtai opens up an exciting new chapter in our progress and potential."

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