{"id":5593,"date":"2015-05-23T06:43:55","date_gmt":"2015-05-23T06:43:55","guid":{"rendered":"http:\/\/mfgtechupdate.com\/?p=5593"},"modified":"2015-05-23T06:43:55","modified_gmt":"2015-05-23T06:43:55","slug":"bfw-buys-protecks-turning-business","status":"publish","type":"post","link":"https:\/\/mfgtechupdate.com\/bfw-buys-protecks-turning-business\/","title":{"rendered":"BFW buys Proteck\u2019s turning business"},"content":{"rendered":"<p>Bharat Fritz Werner, a machine tools manufacturer, has acquired Proteck Machinery\u2019s turning business, last month to expand its product range and capability.<\/p>\n<p>BFW, a \u20b9 850 \u00adcrore company, caters to a range of industrial sectors including automobile and automobile components, defence, aerospace, railways and energy.<\/p>\n<p>BFW, is the flagship company of the diversified Kothari Group, is an established player in milling and the acquisition fills a gap as Proteck brings expertise in turning.<\/p>\n<p>Ravi Raghavan, CEO, BFW, said the acquisition is effective from April 1 and brings in a business potential of about \u20b9120 crore with ability to go up to \u20b9250 crore in the next three years.<\/p>\n<p>BFW will target growth with focus on making high\u00ad end, multi\u00ad functional machines. BFW\u2019s German subsidiary Matec makes high\u00ad tech machining centres giving it global reach to milling markets.<\/p>\n<p><em>The article was first published in <a href=\"http:\/\/www.thehindubusinessline.com\/\">The Hindu BusinessLine <\/a>on may 19, 2015<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bharat Fritz Werner, a machine tools manufacturer, has acquired Proteck Machinery\u2019s turning business, last month to expand its product range and capability. BFW, a \u20b9 850 \u00adcrore company, caters to a range of industrial sectors including automobile and automobile components, defence, aerospace, railways and energy. BFW, is the flagship company of the diversified Kothari Group, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5598,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32,1],"tags":[248,936,1129],"class_list":["post-5593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cnc","category-uncategorized","tag-bfw","tag-matec","tag-proteck"],"_links":{"self":[{"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/posts\/5593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/comments?post=5593"}],"version-history":[{"count":0,"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/posts\/5593\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/media\/5598"}],"wp:attachment":[{"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/media?parent=5593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/categories?post=5593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mfgtechupdate.com\/wp-json\/wp\/v2\/tags?post=5593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}