Hurco Europe announced a sales growth of more than 22 % in 2017 compared with the previous year. The company's turnover in this year is £23 million.
Hurco Europe, based in High Wycombe, UK, says that it sold close to 300 machining centres and lathes alone in the UK and Ireland. According to Hurco, 38% of these customers are first-time users of the company's machine tools.
In parallel with the upturn in business, the number of employees at Hurco Europe has grown to 50, more than one-third of whom are service engineers. The number of applications engineers has increased to six, reflecting the high level of support that is being provided to the firm's expanding customer base. Another increase, Hurco reports is the 40 % in the number of five-axis machining centres sold, from the smallest VM10U trunnion table machine through the increasingly popular SRTi B-axis spindle machines to a large, gantry-type, 3-axis DCX fitted with a two-axis spindle head.
Notable also was the propensity for customers to order options, with through-tool coolant machines 25 per cent up on last year. Compared with 10 years ago, the increase is more than four-fold, Hurco reports. Similarly, on-machine probing for tools and components has increased by 30 per cent over last year to reach more than half of installations. The increase over the last decade is even greater at 10-fold.
Customers are also opting for additional CNC axes. Around 40 single-axis rotary tables were supplied by Hurco in 2017 plus a number of compound tables for converting 3-axis machining centres into 5-axis. Looking at the last 10 years, all these add-ons have conspired with inflation to double the value of an average Hurco machine tool sale.
Open house was well attended
Looking forward to Mach 2018 next April, David Waghorn, managing director of Hurco Europe commented, "We are excited that the show comes at a time when UK and Irish subcontractors seem to be busier than ever, especially in the automotive supply chain but also more widely from aerospace and medical to tool and mould making. For Hurco to have a year as successful as 2017, contract machining has to be buoyant right across the board.
"We will be launching a new range of bridge-type machining centres in Birmingham, with the BX50i in evidence on our stand, whilst the smaller BX40i machine was previewed at our open house in December. The design is ideal for producing tools, moulds and higher accuracy components. Turning remains an important part of our business and we will be showing for the first time an upgraded XP version of our TM8i three-axis lathe.
Hurco concluded the successful year with an open-house event. A full success according to Waghorn:“At our December open house, we welcomed in excess of 80 visitors from more than 50 companies into our showroom in High Wycombe. Sales of £1.5 million have already been secured in December. We look forward to continuing that success at Mach and making 2018 another record year for Hurco.”