Tuesday, July 28, 2015

Hurco Companies: Connecting People and Machines to Improve Productivity

The connection between people and computers is the powering force behind the success of Hurco Companies. The business was created from the idea of Gerald Roch, with the help of his business partner Edward Humston. Together, the partners started the business in 1968. The following year, the company got incorporated.

The business is listed as an industrial technology company whose stocks are listed publicly on the NASDAQ. It was in 1971 that the business made its initial public offering and today, the common shares of the business are marketed using the ticker symbol HURC. It is engaged in the designing, manufacturing and marketing of computerized machine tools that are then sold to the metal working industry. These machines are comprised of turning centers (lathes) and vertical machining centers (mills). Today, the company offers a range of products that are used in various processes in the metal working industry. These products and services are computerized and automated and are thus capable of improving productivity.

The offerings of the company are categorized under the three segments: Computerized Machine Tools-Machining and Turning Centers, LCM Precision Technology Machine Tool Components and Accessories and Computer Control Systems. Through its subsidiary, LCM Precision Technology, the business is able to offer their customers electro-spindles, swivel heads and computer numerical control (CNC) rotary and tilting tables. During the recently rolled out survey of the company, they were able to collect feedback from their customers. The majority of these respondents was saying it’s the control from these machines that they consider as the highlight of the offerings of Hurco Companies.

Headquartered in Indianapolis, Indiana, Hurco continues to provide the latest technology in their offerings to lessen workload and improve productivity within the companies they serve. The business continues to operate under its mission statement of “providing, unique, innovative software and CNC controls that help our customers maximize productivity through reduced setup time and multi-tasking on the shop floor.”

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