A Year To Remember
Some years shine brighter in our memory than others do. 2018 was a momentous year for us in many ways and has set the tone for 2019.
There is much to be grateful for, I'd like to take this opportunity to share our achievements, our plans going forward and thank you for your support.
In 2018, BFW saw extraordinary growth. It was a good year for manufacturing overall with many companies investing considerably in expansion. I'm grateful that our customers trusted us and chose us as their partners.
This year, our plant in Hosur became operational, doubling our machine building capacity. This facility was important to support our customers with faster turnaround times. The plant has been set up as a smart manufacturing plant in line with our strong belief that Industry 4.0 is the way forward.
Embedded in our new plant is our inhouse IIOT solution IRIS. Over the course of the year we have invested a lot of time and effort in finetuning IRIS and making it more versatile and robust. I'm confident in the days to come, IRIS will play a big role in supporting our customers.
This October, for the third year running, we successfully brought the Indian manufacturing industry together to celebrate manufacturing through our initiative Manufacturing Day. The program continues to become bigger and better with the support of our many stakeholders.
At BFW, innovation has always been close to our hearts and we've consciously encouraged it through a culture that appreciates new ideas and supports taking calculated risks in the best interests of our customers. It was therefore gratifying for us to be recognised as one of India's Top 25 Most Innovative Companies out of more than 600 recognised companies at CII's Industrial Innovation awards.
Our commitment has always been to enable progress and we've found that the best way of doing this is through a solutions approach. We're constantly sharpening our design, innovation and technology skills to deliver solutions to customers instead of mere machines. This is our way of enabling progress one machine at a time. We've developed an impressive range of solution oriented offerings many of which you will be seeing shortly.
In 2019, we foresee a further increase in our manufacturing capacity as we try to serve more customers, faster. We will continue to enhance and strengthen our strategic partnerships in the areas of automation, process engineering and smart manufacturing to offer more than just the products you've come to expect from BFW. I hope to see you at IMTEX 2019 where we will be showcasing some of our new technologies.
None of our plans or achievements would have been possible but for our supportive customers, dedicated team and our supply partners just to mention a few. I'm aware that there are also many unseen contributors to a company's success and I thank each one of you for your support.
Here's wishing you a very prosperous and Happy New Year!
Ravi Raghavan - MD & CEO