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.
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
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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
By: Hemant Kumar Singh
(Consultant of Prakesh Foundry Agra)
Phone Number:-9837084814
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