Business

Hiteco expands production and research capacity to support growth

The Italian company Hiteco, specialized in high-tech mechatronic components for machine tool manufacturers, recently inaugurated its new production facility in Rimini, Italy. This major investment marks an important step in the company's development strategy, tripling the available space and allowing a significant expansion of the range of products and services.

With a turnover of around €40 million by the end of 2023, Hiteco has positioned itself as one of the world's leading manufacturers of high-tech components for CNC machines. The new facility, which covers a total area of 9,000 square meters, will enable the company to increase its production efficiency and intensify its R&D activities.

A particular emphasis is placed on innovation, with projects focused on the development of new digital services, IoT solutions and smart products equipped with artificial intelligence algorithms. Hiteco also aims to expand its product range for the stone, glass and metal processing sectors, aligning with the Industrie 5.0 concept.

Current industry challenges, such as energy efficiency and digital transformation, are being addressed through innovations such as the Energy Recovery System (ERS), which enables the recovery of 14.5% of the energy generated by components. In addition, Hiteco has developed digital services linked to the Hiteco Connect IoT system.

It is important to note that Hiteco is part of SCM Group, a global leader in technologies for processing a wide range of materials. This affiliation gives Hiteco access to additional resources and a privileged position within a wider industry ecosystem, which can accelerate innovation and the development of new products tailored to industry needs.

For the woodworking industry, this expansion could mean access to more advanced and efficient machine tool components, which could lead to increased productivity and production quality. However, it remains to be seen how Hiteco will manage the potential challenges of integrating new technologies into its customers' existing processes and how it will provide the necessary support for the adoption of these innovations.

In conclusion, Hiteco's expansion represents a significant opportunity for the woodworking industry to benefit from state-of-the-art technologies. Long-term success, however, will depend on the company's ability to respond to changing market needs and deliver solutions that bring tangible benefits to its customers.

About the author

Dan

I've had the chance to work in various departments. Thus I gained experience in Finance, Accounting, Logistics, Sales, Operations, Marketing. I am a team player and an all around player. I am an entrepreneur, I coordinated the sale of a wood varnish and paint business to a multinational. In 2016 I discovered the digital world, publishing and online marketing. Since then I have moved my accumulated experience and skills online.

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