Lokesh Machines Limited in a press release announced that the company has signed an agreement with Tongtai Machine & Tool Co Ltd., of Taiwan to manufacture the 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.
Lokesh Machines also exports to Japan, Germany, Italy, Russia and other European Countries.
With this new synergy the company wishes to leapfrog its technological base with some ultrahigh speed machines for new age metals and products.
Lokesh Machines is going to start manufacturing their most popular Hi-Speed Vertical Machining Center Model EZ5 for the Indian Market as well as for Re-export at their new facility at Kallakal, Hyderabad.Besides the EZ5, going forward Lokesh is also going to MAKE IN INDIA other Hi Technology machines of Tongtai for the GLOBAL markets.
Speaking about the tie up the Director Mr. 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 anexciting new chapter in our progress and potential.