iConnectHub

Login/Register

WeChat

For more information, follow us on WeChat

Connect

For more information, contact us on WeChat

Email

You can contact us info@ringiertrade.com

Phone

Contact Us

86-21 6289-5533 x 269

Suggestions or Comments

86-20 2885 5256

Top

LMT Group opens new facility in Nanjing

Source:Ringier Metalworking Release Date:2018-07-19 175
Metalworking
Add to Favorites
After having been active in China for over ten years and steadily building its presence there, LMT Group has now opened a new facility in the Chinese city of Nanjing.

The LMT Group has successfully established itself on the Chinese market over recent years. On 8 May 2018, Fette Compacting and LMT Tools officially began operations at a new factory and administration building in the city of Nanjing in East China. Some 500 invited guests attended the opening ceremony, including colleagues from the two companies’ other sites around the world. Regine Bengel, one of the owners, addressed a personal greeting to the employees of the Chinese subsidiaries: “You have transformed a German company in China into a Chinese company with German roots.”

The new facility in Nanjing was built in just under a year on an area of over 50,000 square meters. The LMT Group celebrated the laying of the foundation stone in spring 2017. The first machines were installed in December. End of January 2018, the new office and administration building was ready for occupancy.

The LMT Group has been active in China for over ten years. In 2004, Fette Compacting set up a production plant for its tablet presses in Nanjing. The Chinese subsidiary of LMT Tools commenced work here one year later.

Continuing on a successful course

Before the opening of the new building Fette Compacting produced roughly 100 tablet presses a year in Nanjing, which were delivered to customers all over the world. The new facility will enable Fette Compacting China to double its production capacity. “We are firmly maintaining our current course of internationalization. That is how we can ensure the continued availability of state-of-the-art technology and comprehensive service to all the customers that want to engage in growth markets in China and other parts of the world and increase their international competitive edge,” explains Olaf J. Müller, CEO of Fette Compacting.

From its site in Nanjing specialist tool manufacturer LMT Tools serves companies in China in the automotive and wind power industries as well as in the medical and aerospace technology sectors. The new facility will allow LMT Tools China to modernize and expand its service infrastructure. “With 4.4 billion US dollars of demand for cutting tools, China is the world’s largest single market. Such a market can only be served efficiently by local sales units, because sales, expert support and service require customer proximity. When our customers need support, we have to be able to respond quickly and solve their technical problems with competent advice. Our strategy is already showing success as we are receiving growing numbers of orders, especially from local firms. Our service offering is a very important element in our business model. Our regrinding service enables us to generate an exceptionally high added value for our customers, which is reflected in improved productivity as a result of longer tool life and, thanks to optimized tool logistics, reduced idle capacity costs. Our facility in Nanjing will strengthen this business model with integrated regrinding services for solid carbide, PCD and HSS as well as recoating services for all coatings,” explains Daniel Ehmans, CEO of LMT Tools.

International training program

The LMT Group offers an international training program for young Chinese talent to secure sustainable long-term local development. In 2016 the business group concluded a cooperation agreement with the Jiangning Development Zone, a district of Nanjing, to provide vocational training for young workers. The dual training program is based on the German model, which combines theoretical learning with practical experience. Nanjing is also home to the first international branch of the LMT Group Academy, which has offered training in various technical occupations here since 2015.

Junior
Add to Favorites
You May Like