LMT Tools named Innovation Champion
The 1,200 employees around the world have been inventing new precision tools for more than 100 years
Innovative medium-sized companies such as LMT Tools are not afraid of change, but see it as an opportunity. The company was selected in the 27th round of the TOP 100 innovation award. As of June 19th, LMT Tools is recognised as a Top 100 company in the categories of "Innovation-promoting top management" and "Innovative processes and organisation".
The management of the manufacturer of precision tools has firmly anchored the goal of innovation leadership in the company. To keep creating bubbling ideas from which innovations can be generated, the top innovator relies on a wide range of methods, field trials with customers, and cooperation with universities.
The 1,200 employees around the world have been inventing new precision tools for more than 100 years, and are now using 3D technology. Just like with the "EVOline" tangential rolling head, a tool for manufacturing external threads, it is partly produced using 3D printing. "This smart tool illustrates our idea of innovation; We develop new solutions by expanding the limits of existing technology and thus significantly increasing the benefits for our customers," says CEO Daniel Ehmans.
The Top 100 company would like to provide smart tools with sensors in the future so that corresponding digital data is available - a field with great innovative potential.
Another building block of the innovation strategy of LMT Tools is the intensive networking amongst the departments. This includes regular workshops that promote knowledge exchange. The research and development departments at the various global locations also exchange information on an ongoing basis, and the employees have a lot of freedom to come up with ideas.