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IFT NEWS
The past three years have been very exciting for IFT
and opportunely we have benefited from the growth of the global economy.
In fact, world growth has been running at close to 5%
over the last three years, the highest level since the late 60’s.
China has been growing at double digit rates since 2002
and India’s growth rate has jumped to 9% from only 2-3%.
High oil prices have boosted Russia’s growth from 6-7%
and the African economy will achieve a growth rate in excess of 6% this
year.
All in all the World Economic policy has never been so
good!
We are trying to make change work for us and along this
line have increased our fabrication capacity. Considering the steady strong
Euro dollar exchange rate we have expanded our German machine building
facilities to a second source here in southern California.
In a world where technology of chip less aluminum and
steel forming is growing fast, that is special indeed.
And if you look at a successful company, you will most
likely find it offers something special. IFT has not only worked on
improving our best in class machines but also on the process technology and
service.
. . . we are proud to announce that we have added Karl
Schmidt UNISIA (USA/Germany), Baoding Lizhong Wheel Mfg. Co., Ltd. (P. R. of
China), Zhejiang Wanfeng Auto Wheel Co., Ltd. (P. R. of China), and Sungwoo
Automotive Co., Ltd. (Korea) to our global customer base.
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