Q. Being the key player in the industry, Please brief us company’s journey from inception & share some of the milestones achieved?
YG-1 started its journey in 1982, manufacturing miniature end mills, exporting to USA.
Today, YG-1 is amongst the Top 5 companies globally in the End Mill manufacturing and sales industry. It is the largest, in the Republic of Korea (South Korea) based on its 30 years of know-how. YG-1 is expanding its range of products and items.
YG-1 is the No.1 End mills maker (in round tools) in the world with 30 million pieces a year being produced in 23 Production facilities worldwide and being sold in more than 75 countries.
YG-1 has almost 5,000 employees working globally across various functions of R&D, Production, Sales & Marketing, Supply Chain, Finance, Human Resources, etc., creating value for all the stakeholders.
In 2007, YG Cutting Tools Corporation Pvt. Ltd. was established, with the factory in Bangalore, India. Today, YG-1 has established its new plant in Doddaballapura, Bangalore having an area of more than 10 acres.
Q. Please brief us about company’s infrastructure & what are the technology alliances that has been made in order to out-front the competition?
YG-1 continues to create greater values for all its stakeholders with “One Mind and One Spirit.” YG-1 strives to achieve the best performances in various areas. Going forward, we will become a recognized global player in the world market, by continuously growing, developing, and creating collaborations through encouraging autonomy and cooperation with our affiliates. YG-1 has more than 30 subsidiaries, joint ventures and associate companies, globally.
YG-1 has 2 R&D centers operating in Republic of Korea.
The Songdo R&D Center is developing new technologies for YG-1 with ‘creative thinking and innovation’. It focuses on expansion of conversion research through vibrant inter-department communication.
The Chungju R&D Center is equipped with high tech facilities to produce new materials and products. It focuses on internalizing and upgrading YG-1’s key technologies while working on R&D and production.
YG-1 will be setting a R&D Center in India very soon. This will be especially focus on the requirements of Indian market.
Q. What are the products manufactured by your company, in India?
We are manufacturing different types of Cutting Tools, viz., End Mills, Taps, Drills, Special Tools & Regrinding Services for cutting tools.
Q. Any products will be exported from here to other countries?
Our current objective is to cater to the vast India market. The main objective of this plant is to offer best products with best service to our esteemed customers in India. Overtime, once all 3 phases of the plant are completed & commissioned, we will be looking at exports, only after we are able to satisfy the demands of the India market.
Q. Could you brief us about your new product range? What are values are added in the services you provide to your customers?
We have recently introduced new products across categories & for specific industries as below:
End Mills:
- TitaNox-Power – For Titanium machining
- Only One – For general industry to replace coated carbide End Mills for unstable machinery
Hole Making:
- Dream Drill High-Feed – 3-Flute Solid Carbide Drills with Coolant Holes for Faster Drilling for Automobile and General Engineering Industries
- Dream Drill Flat-bottom – Specific applications across Industries
Threading Tools:
- Synchro Tap – Automobile & General Engineering Industries
- Prime Tap – Aerospace & Automobile Industries
Indexible Inserts
The Universal Line – For a variety of industries for Milling, Drilling, and Turning for a variety of industries for machining a wide range of applications and materials for all industries.
Value Added Service for Our Customers
As YG-1 continues to march ahead, YG-1 has introduced the E-Catalogue & Smart Tool Recommendation pages on its website www.yg1.kr to support the customers with additional service.
- Smart Tool Recommendation: http://www.yg1.kr/finder/main/index.asp
- E-Catalogue: http://www.yg1.co.kr/toolselection/main/index.asp
The customers or users can access these pages for accurate data of recommendations of tooling required for each particular application.
Q. Quality standards are benchmarked by the product performance; please brief us how do you maintain the quality norms since from solution development to implementation?
YG-1’s quality standard can be summed-up as below:
For the Best Customer Value, Through the Best Quality of Products, Process and People!
Q. According you what are the factors affecting to your business?
Currently, the cutting tool industry is witnessing a slow growth; however with the initiatives under “Make in India”, is expected to boost up in the future.
Q. What are the key technological trends that are driving the industry?
The machining is now becoming increasingly advanced. Customers are bringing in more sophisticated machines, having higher speeds & accuracy etc. As a result, we need to make tools which are suitable with machining conditions.
Q. How do you perceive the future of the industry?
YG-1 is very positive about the India market and is expecting a major growth. The cutting tool industry currently is upbeat by the steps taken from the government to promote manufacturing sector, under the made in India initiative. With the growth of manufacturing in the country, the cutting tool industry is expecting a major boost.
Q What are YG-1’s expansion plans in India, going forward?
YG-1 is aggressively expanding more of its business areas, and creating foot prints in the indexable inserts market. It has started humbly with the most popular inserts in the market, but this is just a start. YG-1 is targeting to equip as many fields as possible. viz., Milling, Drilling, Turning, Threading as well as Boring.
The range of Inserts of YG-1 currently, viz., Turning, Milling & Drilling, will be available from January 2017. By having an in-house coating technology and a huge amount of machines, YG-1 will more firmly guarantee high quality products.
