Optimistic Growth in Indonesia’s Machine Tools Market
There is optimistic growth in Indonesia’s machine tools market
Mr. K Vinod Cartic, Consultant at Frost & Sullivan said that as the use of composite materials in automobile industry increases, diamond tipped tools will also grow faster vis-a-vis cemented carbide tools. Cement carbide tools are heavily used in the mining and power generation industry and steel and steel alloys are mostly used in fabrication of various components.He also said that the use of intricate components in aerospace & defense industry is expected to promote use of high precision tools.