"Even with the U.S. auto industry under pressure and the North American manufacturing market experiencing relatively slow expansion, Indianapolis-based Hurco Cos. Inc. is on a tear," reports Anthony Schoettle in The Indianapolis Business Journal.
"The maker of metal- and machine-cutting tools and software has stayed ahead of the curve by growing aggressively overseas while keeping a lid on expansion costs...."
"Hurco—which was founded in 1969—made its first forays into the United Kingdom, Germany, France and Italy as far back as the 1980s. In the last decade, the company moved into parts of Asia. Slowly, the strategy began to pay dividends.
"In 2006, sales in Europe and Asia accounted for 66 percent of Hurco’s revenue, with a compounded annual growth rate there of 25 percent over the last three years. Hurco, industry experts said, has managed to outpace industry growth in every market it’s in."
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