Hurco Companies (HURC) announced its vision to drive the future of Autonomous Machining Centers by harnessing the power of AI, mechatronics, motion, and simulation technologies. Greg Volovic, CEO, said, “Building on the successful consolidation of Hurco, Milltronics, and Takumi PC hardware, we plan to transform manufacturing by reshaping industry standards and revolutionizing our market presence with cutting-edge technologies that advance automation and connectivity to address the labor challenges that continue to inhibit growth for our customers.” To support this next wave of smart manufacturing innovation, Hurco is focused on the following initiatives: Using brand scale to increase operational excellence and efficiency; Expanding market share through product development, partnerships, and acquisitions; and Investing in sustainable talent management. Hurco is strategically harnessing the scalability potential of its three global CNC brands to drive operational excellence and efficiency through standardization of industrialized hardware components and continued implementation of smart manufacturing processes that support sustainability. Even more significant than the number of new models Hurco will add to each brand’s product portfolio throughout the next five years, will be the launch of robotics, automation, and AI-driven applications to all product categories, positioning the company as a leader of Industry 5.0, where connected and automated systems collaboratively drive sustainable workforce-centric productivity and scalability for manufacturing. Hurco aims to pursue strategic partnerships and acquisitions, and to broaden our scope through potential collaboration with other OEMs both inside and outside our business segments. This will allow the company to further expand its product range and diversify its offerings to address the growing global demand for automated and autonomous systems that will increase productivity and profitability for manufacturers around the world. Hurco prioritizes talent and career development initiatives to support its ambitious plans to lead the Industry 5.0 manufacturing revolution.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks