Lokesh Machines Ltd has signed up with Taiwanese company Tongtai Machine & Tool Co Ltd to manufacture hi-speed vertical machining centre model EZ5 for the Indian market as well as for re-export from its new facility at Kallakal near Hyderabad.

Apart from the EZ5 machines, Lokesh plans to make other machines of Tongtai for the global markets.

The company has made this announcement during the ongoing machine tool fair IMTEX 2017.

Lokesh Machines is ranked as one of the top five machine tool manufacturers in the country. It exports to Japan, Germany, Italy, Russia and other European countries.

M Sri Krishna, Director of Lokesh Machines, said “We are in an era of change and unparalleled growth. Our venture with Tongtai opens up an exciting new chapter in our progress and potential.

With a wide portfolio of products, the company has been supplying several critical machines to the Indian automobile, energy, aerospace industries and also exporting machines to Japan, Germany, Italy, Russia, China and other European countries.

The company expects to leapfrog its technological capability with some ultra-high speed machines for new age metals and products.

Tongtai is one of the leading machine tool companies in Taiwan and ranks among the top machine tool companies in the world having manufacturing facilities in Taiwan, France and Austria.

From 1985, Lokesh Machines manufacturers machine tools. It currently makes Euro VI Compliant engine cylinder blocks and heads manufacturing for Volvo Eicher Commercial Vehicles Ltd.