Indian Market Trends OF Foundry Industry

OVERVIEW

• Castings are produced in foundries
• Foundries in India more labour intensive
• Productivity levels are low : 15 - 20 tonnes castings a person per annum against a global average of 70 tonnes per person per annum
• Foundries are also highly polluting - in the west a large number of these units were closed and the demand for castings was transferred to developing countries like India.

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MARKET SEGMENTS

• Current market for castings : 3 million tonnes per annum
• Over 93% of this market is for ferrous castings.
• Iron castings account for 87.5 % of ferrous castings. Of these, Grey Iron castings account for nearly 90%; Ductile and Malleable castings account for the balance
• Non ferrous castings - a small market, primarily used in the auto sector.
• Exports as well as imports of castings are not significant; exports in particular have not taken off, primarily because of poor quality of casting supplies from India

Segments

• Major user segments for castings : auto, railways, machine tools
• Though Indian foundries have extensive experience with the auto industry, they are still unable to meet international (auto industry) specifications

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By: Hemant Kumar Singh

(Consultant of Prakesh Foundry Agra)

Phone Number:-9837084814

Focus on Foundry Industry

The Indian Foundry Industry occupies a special place in shaping the country’s economy. The report looks into the status of technologies world over and India in particular. TAlso, discusses the preferred option for Indian Industry and the impact of preferred technology options on the small-scale sector. It presents the production of casings in organized sector and demand estimates of castings highlighting the different technologies for castings along with the raw material requirements. Covers the world production and the Indian production of castings and the challenges, which lie ahead for Indian industries in the post liberalization era. Also, provides the scenario in the two leading castings producing countries of the world, namely USA and China. The comparison of Indian and the overseas casting standards is given in the Annexure

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Hemant Kumar Singh

(Consultant of Prakesh Foundry Agra)

Phone Number:-9837084814