Customer-focused new product developments underway
Galaxy Bearings is planning to double its production capacity by the end of the current fiscal, reflecting the strong growth curve the company is currently on. Having clocked an impressive 21 per cent growth in FY18 over the previous year, the Gujarat-based bearing maker will be expanding its product offering and adding capacity to be better positioned to cater to the growing demand of both the domestic and export markets. The company currently produces 2,00,000 bearings per month.
Mr. Nitin Santoki, CEO, Galaxy Bearings, shares: “During FY19, our focus will be on adding new products, maintaining the quality consistency and upgrading capacities. We are planning to double our production capacity by the end of FY19 which will boost our performance by 50%. We will also continue to invest on R&D and testing facilities.”
Over the years, Galaxy Bearings has sharpened its focus on the product range for the commercial vehicle segment, for both the domestic and overseas markets including Europe and North America. The company is further expanding its range by introducing next-generation bearings for European brands such as Volvo, Scania, Mercedes, MAN, DAF, Iveco, etc., and match sets for the North American market.
Explaining his company’s approach to catering to the changing market requirements, Mr. Santoki says: “There has been growing demand for bearings with longer service life, higher efficiency and lower maintenance. In addition, different applications in multiple end-user segments are demanding specialized bearing solutions that meet their requirements and challenges. We develop new ideas by listening to customers and identifying their needs and opportunities. Understanding the basic science of the bearing and the environment in which the end-user uses them is fundamental to our efforts. We employ a multi-disciplinary approach in the development process involving manufacturing, engineering, quality assurance, health and safety, as well as marketing. We ensure our designs are constantly enhanced to increase the energy efficiency and performance of the bearings. The emphasis is on the latest manufacturing technology for quality consistency, including redesigned raceway profiles and optimized bearing geometry which will help meet customers’ expectation in a very good way.”