Hanwha Precision Machinery Leads Localization of Machine Tools Previously Dependent on Japan and China
Hanwha Precision Machinery has succeeded in domesticating machine tools that were previously dependent on imports.
Hanwha Precision Machinery is participating as a joint research institute in the Ministry of Trade, Industry and Energy's national project, "Demonstration of Computer Numerical Control (CNC) Systems for Smart Manufacturing Equipment."
The machine tool computer numerical control (CNC) market relies 90% on imports from Japan.
In addition, they are promoting complete domestication from equipment to technology with a major domestic dental medical company producing implants using Japanese automatic lathes, aiming to elevate South Korea's status in the implant market by one level.
The bar feeder, a material supply device for machine tools that has been fully imported from Japan and Taiwan, has been domesticated since last year through a government national project in collaboration with domestic small and medium-sized enterprises, and is scheduled for domestic sales starting next month. However, it is not easy for domestic companies to reduce their dependence on imported bar feeders they have been using, so the interest and cooperation of domestic customers are needed.
As part of mutual growth with small and medium-sized enterprises, Hanwha Precision Machinery plans to provide maximum support not only for the domestication of bar feeders developed through the national project but also for pioneering export routes overseas.
Furthermore, they are preparing to deliver a wire saw for solar power, which was previously imported from China, through in-house development. It is expected to achieve about 30 billion KRW in import substitution effects from China.
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Gong Deok-geun, Executive Director of the Machine Tool Business Division at Hanwha Precision Machinery, stated, "We will do our best to support growth for mutual prosperity with domestic partners through continuous efforts in domestication as well as strengthening the global position of K-automatic lathes through relentless research and development."
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