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Hardinge Reports Robust 2018 With Strong Demand in China

Monday, March 11, 2019
 
Hardinge, an international provider of advanced metal-cutting machine tool solutions and accessories with headquarters in Berwyn, PA, 2018 with record revenue growth across all regions, especially Asia.

According to research firm Technavio, the global machine tool industry should cross the $120 billion dollar mark by 2020, with the cutting tools market growing at a compound annual growth rate of around 9 percent by 2021. Hardinge experienced strong sales growth in 2018 in key industries including aerospace, automotive, medical, healthcare, and defense as well as higher demand in industries such as semiconductor and power-generation. In addition, the company saw strong demand for advanced metal-cutting solutions in the China market, still the world leader in machine tool consumption.

 


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