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Hwacheon looks ot gain market share in U.S.

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Of the Korean machine tool builders you’re aware of, I’m guessing that you’re not as familiar withHwacheon as some of the others. This conservative, family-owned business has been around for more than 60 years, and the machine tool portion of its business has had a presence in the U.S. for more than 20 years. However, it has kind of flown under the radar here in the States, especially when it comes to its milling products. But considering what I learned at a recent press event at the company’s U.S. headquarters in Vernon Hills, Illinois, I’m betting you’re going to hear a lot more about Hwacheon in the years to come.

New Hwacheon Machinery America president Michael Huggett reminded editors at the event that Hwacheon was the first Korean company to manufacture an NC lathe (in 1977) and the first to produce a CNC milling machine (in 1983). Also, it ranks in the top three Korean machine tool builders in terms of domestic sales in Korea. Approximately 90 percent of the machines sold in the U.S. have been turning centers, so the company is looking to gain market share in milling equipment especially in the die/mold industry that requires high-accuracy machining and quality surface finishes. Its 20,000-rpm Sirius UM, one of three display machines at its location, is geared toward that work.

Read the entire article from Modern Machine Shop (Click Here)

Premier Machine Tool Midwest is proud to be the distributor for Wisconsin and UP of Michigan and very excited to announce their move to their New US Headquarters in Lincolnshire, IL.

Learn much more from your PMT representative today 414-254-5150 / info@pmtmidwest.com

b2ap3_thumbnail_Hwacheon-market-share.JPG

Of the Korean machine tool builders you’re aware of, I’m guessing that you’re not as familiar withHwacheon as some of the others. This conservative, family-owned business has been around for more than 60 years, and the machine tool portion of its business has had a presence in the U.S. for more than 20 years. However, it has kind of flown under the radar here in the States, especially when it comes to its milling products. But considering what I learned at a recent press event at the company’s U.S. headquarters in Vernon Hills, Illinois, I’m betting you’re going to hear a lot more about Hwacheon in the years to come.

New Hwacheon Machinery America president Michael Huggett reminded editors at the event that Hwacheon was the first Korean company to manufacture an NC lathe (in 1977) and the first to produce a CNC milling machine (in 1983). Also, it ranks in the top three Korean machine tool builders in terms of domestic sales in Korea. Approximately 90 percent of the machines sold in the U.S. have been turning centers, so the company is looking to gain market share in milling equipment especially in the die/mold industry that requires high-accuracy machining and quality surface finishes. Its 20,000-rpm Sirius UM, one of three display machines at its location, is geared toward that work.

Read the entire article from Modern Machine Shop (Click Here)

Premier Machine Tool Midwest is proud to be the distributor for Wisconsin and UP of Michigan and very excited to announce their move to their New US Headquarters in Lincolnshire, IL.

Learn much more from your PMT representative today 414-254-5150 / info@pmtmidwest.com