Q. Your company is one of leading names in Cutting Tool manufacturing segment. Please brief us more about company’s Achievements.?
We, YG-1 continue to create greater values for all its stakeholders with “One Mind, One Spirit”. By continuously growing, investing, developing and creating collaborations, YG-1 continuously strives to achieve the best performance in various areas and also to be more highly recognized as a leading global company in the world market. YG-1 currently holds more than 30 subsidiaries, joint ventures and associate companies, globally.
Q. Please brief us more about your company`s global reach & latest initiatives in cutting tools’ space?
YG-1 is amongst the Top 5 companies globally in the End Mill manufacturing and sales industry and also the largest, in the Republic of Korea (South Korea). Based on its 30 years of know-how. YG-1 is continuously expanding its range of products and items.
YG-1 has almost 5,000 employees working globally across various functions of the R&D, Production, Sales & Marketing, Supply Chain, Finance, Human Resources, etc., creating value
Currently producing 30 million pieces of End Mills, 72 million pieces of Drills, and 24 million pieces of taps a year. YG-1 manufactures quality products in 23 Production facilities worldwide and is being sold in more than 75 countries.
Q. What are the applications of cutting tools in various industries? How do you plan to cater to the various industries?
YG-1 products find applications across sectors and industries, viz., Aerospace, Die & Mold, Automobile, Oil & Gas, Power, Information Technology, Electronics, General Engineering, Medical Equipment, etc. YG-1 is focusing on High-end products, offering the highest performance to customers with also a full range of various products.
According to the specific needs of each customer, YG-1 especially puts special emphasis and also a great amount of investment on developing new products and recruiting highly skilled individuals. Obtaining Industry Managers and also Product Managers to specialize and focus on specific industries for better services and customer support.
YG-1 also holds a quality product range available for specific industries.
End Mills:
- TitanNox – Aerospace Industries – For Stainless Steel, Titanium and Inconel machining – materials
- 4G-Mills – General Engineering, Automobile and Die & Mold industry – For pre-hardened material up to 55 HRC
- X5070 – For Die & Mold industry – For High Hardened steel.
- ALU-POWER & D-POWER – General Engineering & Aerospace Industries – For Aluminum, Graphite & CFRP
- Only One – For general industry, Coated PM60 – Can replace Coated Carbide End Mills
Hole Making:
- Dream Drill High-Feed – Automobile & General Engineering Industries
- Dream Drill Flat-bottom – Specific applications across Industries
- Dream Drill Inox – Aerospace & General Engineering
Threading Tools:
- Synchro Tap – Automobile & General Engineering Industries
- Prime Tap – Aerospace & Automobile Industries
- Combo Tap – General Engineering Indexible Inserts
The Universal Line – a huge investment in indexible inserts for Milling, Drilling, and Turning for a variety of industries with unique geometries and carbide grades, for machining a wide range of applications and materials for all industries
Q. What is the current scenario of the cutting tools industry?
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 future prospects for the cutting tools segment?
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 is your quality policy for the business?
For the Best Customer Value, Through the Best Quality of Products, Process and People!
Q. According to you, what are the measures taken by Indian manufacturers in order to compete with global players?
With highly experienced individuals in the company, YG-1 understands the economy and continuously designs professional and flexible statistics for the future. By understanding the importance of the domestic manufacturing in India, this is why YG-1 has opened the new facility in India and is planning other larger investments in production and development.
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. What are your future plans to maintain a substantial market positioning in the cutting tools market?
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.
YG-1 currently has 2 large R&D centers operating in the Republic of Korea (South Korea). The R&D centers focus on, improving the existing products & technologies; and to develop much more innovated products with new designs, materials & new applications.
The Song-do R&D Center is developing new technologies for YG-1 with ‘creative thinking and innovation’. It focuses on the expansion of conversion research through vibrant interdepartmental communication.
The Chung-ju R&D Center is equipped in focus 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.
Over time, YG-1 will be establishing a R&D Center also in India to cater to the specific needs of the domestic customers.
Q. What factors bestow the success of your company?
The success of our company is our people; YG-1 is a one big family irrespective of nationality. It is because of our family, that we are marching ahead. Apart from the members, New Products, Quality Control & Quick Delivery are our key success factors.
YG-1 keeps introducing New Products with upgraded technology resulting in always a Better Performance for our Customers from time to time. The phrase, “If it’s not perfect, it’s not YG-1”, is not just a slogan but the way of life for us at YG-1. Strict Quality Control is the basis of all YG-1 products. YG-1 is well known for its Quick Delivery (fast & in-time) amongst Customers. This is a key point for YG-1’s Customers. All this has helped us to Meet & Exceed Customer Expectations time and again, YG-1 is leading to Customer Satisfaction.
