« Fives is recognized as a leading provider of grinding and ultra precision solutions. At Fives, a general reflection was conducted on this business to identify new market opportunities, which showed that the bearings market had market potential for Fives’ grinding business.
We carried out interviews with bearing manufacturers to better understand the underlying forces driving this market and to develop products and solutions accordingly. It allowed us to identify two main trends: first, today’s production process of bearings is quite rigid, requiring long stops of the lines as items of a different nature need to be produced – these are constraints that reduce the overall line efficiency and market reactivity. Second, this process requires big investments at first setup, justified only by large volumes that are not always guaranteed by the market.
In the light of these elements, we are working to develop grinding solutions that bring flexibility to production facilities, which also allows higher scalability of investments. This naturally leads to a reduction of warehouses in the bearing industry and a proliferation of customized products to fit specific end-user needs with short delivery.
We are happy to think ourselves as enablers of the change of our clients’ business model. »