The partnership offers cutting-edge turnkey and digitization solutions to clients in India, South East Asia, Australia and New Zealand.
Swedish giant Sandvik Coromant has partnered with one of Asia's oldest and largest fixture building companies Forms & Gears to offer clients cutting-edge engineering solutions that reduce cycle times, increase productivity, enhance quality and reduce operator dependence.
The two companies have inked an MoU that would cover India, South East Asia, New Zealand and Australia. Forms & Gears, which was founded by RT Varghese an engineer from IIT Kahargpur, has been in the fixture building business for 48 years. The company has a worldclass, state-of-the-art fixture building facility situated in Guindy, Chennai. The company supplies fixtures to the world’s leading companies in Automobile, Machine Tool and other sectors, in ten countries across the world.
Forms & Gears is a joint venture with Bangalore-based public limited company ASM Technologies, a company specializing in Engineering Design, AI, ML and Engineering related IT. Forms & Gears and ASM have 750 design engineers, making them one of the strongest global Engineering Workholding companies.
Sandvik Coromant is a global leader in cutting tools headquartered in Sandviken, Sweden and is represented in more than 150 countries with around 7,900 employees worldwide. It is part of the business area Sandvik Machining Solutions within the global industrial group Sandvik. In 1942, Sandvik Coromant began in a modest shop in Sandviken and has over time transformed into a global industry leader. At the very core of Sandvik's DNA lies a passion for engineering and pushing boundaries, always in close relation with customers. The company has been very successful in introducing almost six new products to the market every day.
Vinay Deshpande, Vice President, Strategic Relations, Sandvik Coromant, who's been with the company for over 25 years, says, "Sandvik Coromant has been operating in India for the last 62 years and has its head office, production units and the Sandvik Coromant Tech Centre in Pune. As a technology leader, we keep challenging our own technology. We have around 40,000 cutting tool products and we launch 3,000 products every year. Fifty percent of Sandvik Coromant's turnover comes from the products that are less than five years old. One of our biggest strengths is working in turnkey projects with Machine Tool manufacturers and our strategic partner Forms & Gears by offering Fixtures. With this approach, we will be able to offer complete solutions to our customers in the value chain with Single Point Contact."
Both Sandvik and Forms & Gears have also invested considerable time and money into Industry 4.0 products. Forms & Gears' Industry 4.0 solution approaches IoT from the aspect of the Fixture and Sandvik's CoroPlus has a comprehensive solution for the connected machine shop. Reji Varghese, Managing Director, Forms & Gears, says, "The two products perfectly sync with each other to offer the customer an array of various outcomes that would give insights into a number of areas that could bring down costs, improve productivity and efficiency, increase knowledge sharing and collaborative working."