Bonfiglioli Preps for Expansion, Digitization and Market Growth
Bonfiglioli CEO Fausto Carboni recently discussed some of the latest innovations and projects during Hannover Messe 2017.
Bonfiglioli is one of the worldwide leaders in the manufacturing of gearboxes, gearmotors and drive systems. In the construction industry and the wind industry, the company holds a market share of 15 percent and more than 35 percent respectively. CEO Fausto Carboni recently discussed some of the latest innovations and projects during Hannover Messe 2017 in Germany.
Over the past three years, Asia and the Americas have become the company’s fastest growing regions with more than 20 percent growth with four major countries standing out - Brazil, China, India, and Russia. However, the EMEA region still represents the most important market for Bonfiglioli with almost 57 percent of total turnover. The rest of the turnover is split between the Americas, representing 20 percent, and the APAC region, with 23 percent and annual growth of 15 percent.
Strongly convinced that the factories are the starting point of the solution that brings value to its customers, the company is largely investing in its products portfolio and production facilities. Bonfiglioli is reinforcing its worldwide presence and capacities through the expansion of R&D centers, production lines and facilities such as the one in Forlì, Italy, focusing on mobile and wind dedicated solutions, as well as the opening of new factories such as the plant in Pune, India, entirely dedicated to gearboxes for industrial applications. These investments, along with the already announced EVO project, give Bonfiglioli the ability to respond efficiently to the market needs with complete integrated solutions to match a wide range of industrial, mobile, marine and wind applications.
The family owned company, also started its digital journey basing tomorrow’s innovation on today’s victories. From a product perspective, Bonfiglioli can already count on the monitoring of several existing product ranges providing a detailed condition monitoring of the drives in operation and thus, giving the opportunity to operate preventive maintenance, anticipate machine break-down and analyze a large set of drive operating data.
In order to make the customer relationship more efficient and effective, the company also started to improve its online services with the launch of the new Mosaico e-business platform. In fact, Mosaico guides customers, distributors and sales engineers through the process of selecting the right product for specific needs, providing support in the design activities and allowing them to track orders.
For the 2017 financial year, the Italian drive specialist predicts continuous positive growth despite the general market uncertainties.