For FESTO, the ‘new normal’ means steady growth at a relatively slow speed, while the ‘new development’ means innovating new technologies." Yulei Wang, machine tool industry manager, FESTO Greater China, told us during an interview before the CIMT show.
He said, the ‘new normal’ not only refers to pursuing a higher growth rate for the standard products, particularly the traditional pneumatic business, but also restructuring by adding a machine tool sector in the organization, in the same time, FESTO also lunched specially developed products for machine tool industry.
In order to achieve ‘new development’, FESTO put a lot of focus on relevant applications development that may help to improve the automation of machine tool production, which, the company will promote further in the future.
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