issue no. 21 5, dated 7th february , 2017 · their future plans for sourcing of castings from...

Foundry Informatics Centre, 67 TughlakabaTel: +91 11 29960601, Email: fic@indianfo

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THE INSTITUTE OF INDIAN FOUNDRYMENTHE INSTITUTE OF INDIAN FOUNDRYMENTHE INSTITUTE OF INDIAN FOUNDRYMENTHE INSTITUTE OF INDIAN FOUNDRYMEN

Issue No.

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abad Institutional Area, New Delhi – 110062 foundry.org, Web: http://foundryinfo-india.org/


Issue No. 215, Dated 7th February, 2017

Bulletin Supported By:-

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Foundry Informatics Centre, 67 Tughlakabad Institutional Area, New Delhi – 110062 Tel: +91 11 29960601, Email: [email protected], Web: http://foundryinfo-india.org/

65th Indian Foundry Congress & foundry exhibition IFEX-2017 concluded with resonant success The 65th Indian Foundry Congress (IFC) concurrently with foundry exhibition IFEX-2017 concluded successfully on 5th February 2017 at ECO Park, Rajarhat, New Town, Kolkata. IFC & IFEX are one of the biggest events organized by the Institute of Indian Foundrymen (IIF) every year. Delegates & visitors from different parts of the country & abroad and large number of students from Engineering Colleges, Polytechnics and ITIs visited the exhibition, underlining the enthusiastic response to the event. During the event, IIF gave away awards under various categories to promote excellence in various foundry operations. IIF also facilitated and honored the following with IIF fellowship to recognize their valuable contributions towards IIF and foundry fraternity.

1. Mr. B. S. Govind 2. Mr. Mrinal Kanti Ghosh 3. Mr. S. P. Oudhia 4. Mr. Surendra Verma

A special session on Railways was held during the Cast Source Meet held on 4th Feb., 2017 which provided an opportunity to explore the present and future casting requirements of the Railway sector. Special video message of Hon’ble Minister for Railways, Shri Suresh Prabhu was played at the beginning of the Cast Source Meet. Shri Suresh Prabhu extended his best wishes for the event and said he will ask his colleagues who are attending the event to prepare a detailed report on the deliberations made during the Cast Source Meet and his ministry will keep interacting with the industry on such important issues. He further said his colleagues will not only share their ideas but also will understand how best together we can modernize railways system and enhance standards of Railway’s procurement. He stressed on making procurement system of Railways very transparent.

Mr. Hans Raj Meena, Additional Member, Railways Store (RS), Mr. A. K. Verma, Executive Director, RS, Mr. Amitava Choudhury, Dy. CME, CLW Chittaranjan represented the Railways during the Cast Source Meet. Mr. Choudhury made a presentation about present & future requirements and expectation and discussed their future plans for sourcing of castings from India. Large number of visitors including domestic and foreign buyers, foundry consultants, foundrymen and students etc. visited the IIF stall at Hall No. 1. Several visitors gave positive and encouraging feedback and showed keen interest in IIF membership, products and services. Indian Foundry Directory cum Buyers Guide and technical CDs were purchased in good numbers by several visitors and many of them also showed keen interest in IIF In-Plant training programme “Yogyata Vikas”. 65th IFC was successful in creating an environment that fostered exchange of ideas, knowledge creation and expertise to propel foundry development in India. Various value added sessions were conducted where leading business leaders from industry & academicians shared their vision & thoughts on various issues for sustainable growth of the sector. Post congress works visits were conducted to give exposure to the delegates to the best practices in the foundry sector. There was lot of enthusiasm seen among the exhibitors, visitors, delegates, and other stake holders. Indian Foundry Congress has become the most important industry platform for manufacturers, suppliers, distributors, service providers, technology providers & technology seekers for the Foundry industry. IIF as the leading & apex industry body provides unique platform for the foundry sector for dissemination of latest technology, market trends, best practices & to promote partnerships & explore business opportunities. The next edition i.e. 66th Indian Foundry Congress will take place at Gandhinagar, Gujarat in Jan 2018.


Glimpses of 65th IFC & IFEX-2017

CAST Source Meet

IIF Stall at Hall # 1


Training Program on Occupational Health & Safety by IIF Coimbatore Chapter Training program on “Occupational Health & Safety” was conducted at IIF Coimbatore Chapter – Seminar Hall, Coimbatore on 27.1.17, Friday. Dr. M. Arasu, Hon. Secretary, IIF Coimbatore Chapter gave the Welcome address. Mr. J. Ganeshkumar, Chairman of IIF Coimbatore Chapter, inaugurated the Technical training programme and expressed its importance & briefed the participants about the training programme. Mr. S. Senthil, Occupational Health & Safety - Manager, Bradken India Private Limited conducted the training program. Total 34 Participants participated in the training program and showed very keen interest and they were very interactive with the faculties. Dr. M. Arasu, Hon. Secretary, IIF Coimbatore Chapter gave the closing remarks.

Approx Major Raw Material Prices

News Headlines..

• India Copper Scrap prices remain flat;

Copper Futures down 2.51 percent • India Nickel Scrap prices stay flat; Nickel

Futures fall in line with LME Nickel • India’s pig iron prices keep steady for two

weeks • India's Containerized Shredded Scrap import

prices plunge • US Shredded Scrap, Aluminum Scrap prices

stay flat • US FeCr: Prices steady on flat offshore

markets • US H1 scrap export prices remain

unchanged • Chinese manufacturing growth slows in Jan

IIF In-plant Training Programme "Yogyata Vikas" Salient features of the training programme launched by The Institute of Indian Foundrymen (IIF) are :- 1. Training to be given on 10 modules as listed below • Basic Metallurgy of Grey & SG Iron • Basic Metallurgy of Steel Castings • Casting Defects in Grey Iron, SG Iron and

their Remedies • Casting Defects in Steel Castings and their

Remedies • No-bake Resin, CO2 Sand System and

Coatings • Melting Grey Iron, SG Iron & Steel in Cupola

and Induction Furnace • Sand Quality & Testing • Cupola and its Operation • Mould-making Processes • Pattern-making and Methoding of Castings 2. In-plant training to foundry workers/ operators all over India by experienced trainers, with audio-visual training material prepared by IIF 3. Training to be conducted in local languages 4. Training Options & FEE Option I: Basic Training - The trainer shall carry out classroom training based on the module selected by the foundry. Fee For Members: Rs 10,000 per day of training plus service tax For Non-Members – Rs. 15,000 per day of training plus service tax Option II: Customised Training - The trainer shall visit your foundry a day prior to the scheduled date of training, discuss and understand your requirements and customize the training module to suit your needs. Fee For Members: Rs 20,000 per 2 days of training plus service tax For Non-Members – Rs. 30,000 per 2 days of training plus service tax Foundries are encouraged to come forward and take maximum advantage of this initiative of IIF.

For details you may kindly contact Mr. V. Ravindran, National Coordinator for IIF- In Plant Training Programme at Mob:- +91 7358384578.

ITEMS

Price

27.01.2017

Rs./Kg (Incl.

Excise)

Price

03.02.2017

Rs./Kg (Incl.

Excise)

Pig Iron (Mumbai) 31.6 31.6 Melting Steel Scrap 26.8 26.8 CRCA Scrap 26.0 26.0 Copper Ingot 402 411 Aluminum Ingot 146 145


In the News..

There is nothing in budget to push private investments & exports: AK Anand, Director-IIF The union budget 2017-18 is mainly focused on spending on rural sector, agriculture and infrastructure which is expected to create jobs. A huge thrust has been given to push the digital transactions including funding of political parties and announcement of electoral bonds. However, lot of work needs to be done on ground to implement digital transactions, which will ultimately help widen the tax base. There is nothing done to push the private investments and growth of exports. There are certain reductions in duties of components to promote domestic manufacturing specially electronics. However, details will be known subsequently. The cut in tax rate for MSMEs and personal income tax is a welcome step. However, some investment linked benefit could have been given to the other units in manufacturing sector. There was also talk on upgradation of ITIs which will help in skill development to suit the needs of the industry. Source: Business Standard

Future of Exports for Indian MSME''s- Opportunities & Challenges The recently held Business Standard Smart Business panel discussion on ‘Future of MSME Exports’ organized in association with Federation of Indian Exports Organizations (FIEO), Delhi aimed to discuss the challenges posed to the Indian Micro, Small and Medium Enterprises sector and especially exporters by slow global demand and weak trade. Even though the government has announced higher credit guarantee limit for MSMEs in 2017 apart from leveraging a plethora of various other schemes for such businesses, the sector has been heavily affected by the demonetization driving employment figures going down and reducing business. Director General, FIEO said the government should move fast on a consolidated policy for the MSME sector that aims for rapid growth of

the sector since it is so crucial to employment in the country. Also, he said services exports tend to be overlooked in the discourse on MSMEs and need to be leveraged.“ Our services exports are almost treble our merchandise exports from the MSME sector“, he said. On this note, Latin America is set to be an upcoming area for Indian outbound trade, he added. Partha Saikia, Professor at Fortune Institute of International Business said MSME enterprises need to be better marketed and invest in branding to draw in more business. “While areas like health and tourism have been marketed well by Indian companies, other sectors need to tap into this model to unlock their potential”. T S Ahluwalia, Director, Dharmvir Exports PVT Ltd, said the Goods and Service Tax regime should help exporters in the sector by cutting down on intermediate taxes. He also pointed out that no extent of government support for cheap credit to MSMEs can help alleviate the problem until banks step up lending and the issue of collateral is addressed. “Getting a loan still depends on the upfront submission of collateral, something that not many new companies can manage”, he said. Indian govt working to re-energise capital goods, automotive, heavy sectors Anant Geete, Minister for Heavy Industries and Public Enterprises, has assured Indian manufacturers that the Government would take concrete steps for re-energising the capital goods, automotive and heavy industries. He was speaking at the International Engineering and Technology Fair (IETF) held by the Confederation of Indian Industry every two years. “The Budget contains a number of proposals to give a critical push to the manufacturing sector and Indian industry must take advantage of these for higher investments,” stated the Minister, calling for focused inputs from the private sector for meeting the government’s targets of Make in India. The Minister added that technology should play a major role in revamping the manufacturing sector. The industry should adapt state-of-the-art technology developed elsewhere and, at the same time, should encourage more indigenous


innovation and R&D. Countries like Japan could provide the relevant technologies and investments in the core sectors of Indian industry. Japan is the partner country for the IETF for the fifth time. Referring to the Capital Goods Fund, the Minister said that it would work as a growth engine particularly for engineering, automotive and capital goods sectors to spur employment. Japanese ambassador to India, Kenji Hiramatsu, said that Japan is keenly interested in transferring technology to India. The ambassador stated that Japan would skill/reskill 40,000 technical people in 10 years by collaborating with engineering colleges and other institutions. Sumit Mazumder, Immediate Past President, CII said that it should be the effort of all stakeholders to take investment in the capital goods sector to US$ 150 billion from the present level of US$ 48 billion. The capital goods industry employs around 8.5 million people. He added that the proposed GST will be a force multiplier for Indian industry, which can ride on the back of Make in India Program. Deep Kapuria, Chairman, CII-IETF, said that in the era of disruptive technologies like internet of things, artificial intelligence etc., Indian industry has to undergo a transformation to bridge the technology gap. CII-IETF is showcasing the state-of-the-art technologies for Indian industry to gain first - hand knowledge about latest technologies in health, gaming, green tech etc. D&B sees steady demand growth for auto companies in 2017 The auto sector, which saw a revival last year after two years of turbulence, is set to continue the momentum this year with demand picking up across all segments, says a report. Growth of the auto industry is expected to continue in 2017 across all vehicle categories-commercial and passenger vehicles, as well as two and three-wheelers. But it is unlikely that the industry will maintain the sales growth of 2016 due to the note ban impact and the uncertainty regarding the GST, says Dun & Bradstreet in a report.

The report, however, does not quantify its projection. In 2016, auto sales grew 9.2 per cent driven by two- wheelers that moved up by 9.6 per cent from 0.7 per cent in 2015. At the same time, cars clipped at 7 per cent and commercial vehicles grew 7.8 per cent. "Improving economic growth, robust demand from rural and semi-urban markets and lower cost of ownership have driven sales in 2016, bringing in a much needed recovery for the industry, after growth slumped in 2015," he report said. Sales will also be helped by higher replacement demand on account of the expected implementation of new emission norms and the impact of deferred purchases as a result of demonetisation, the report adds. But the report is quick to note that "the recovery will take at least two to three months more as consumers are still hit by the note ban. Consequently, although the mid to long term prospects look positive, given the impact of demonetisation and the uncertainty regarding the GST the industry may not sustain the growth rates achieved in 2016." The positive sentiment is driven primarily by the rural and semi-urban demand for two-wheelers and cars, driven on the back of good monsoons. Another boost up will be the 7th pay commission that will infuse around Rs 1.02 trillion of disposable income of over 1 crore employees. Another reason is the aggressive play by the cab aggregators who are expanding their operations extensively. On commercial vehicles sales which recovered in 2015 with a growth of 6.3 per cent and 7.7 per cent in 2016, demand will be driven by replacement demand, construction and mining, increasing freight movement and moderation in fuel prices and firm freight rates, while increased government focus on infra sector will drive demand for specialised heavy goods vehicles such as construction trucks, mining tippers etc. After two years of consecutive declines, bus sales grew 15.8 per cent, it nearly halved to 8.4


per cent in 2016. In 2017, buses sales are expected to remain in positive on the back of robust demand from the private segment as also orders from state road transport undertakings. In a span of five years, scooter sales nearly doubled from 2.9 million in 2012 to about 5.6 million in 2016, thus, outperforming the overall two-wheeler market, consequently its share in domestic two-wheeler sales surged to 32 per cent in 2016 from 21 per cent in 2012. And the buoyant trend in the scooter segment is expected to continue into 2017. Scooter sales will be driven by inadequate public transport, increase in participation of women in workforce, implementation of the 7th pay commission awards, good monsoons, and strong demand from the semi-urban markets. But the report notes that 2016 saw the second consecutive year of decline in two-wheelers exports largely due to drop in demand from the key export markets of Africa and Latin America. Two and three-wheelers exports contracted 10.6 per cent in 2016, dragging the overall auto exports down by a negative 5.1 per cent, although commercial vehicle exports rose 12.6 per cent and passenger vehicles at 17.4 per cent. This year demand will come from rural markets, lower fuel prices, expected softening of interest rates, new launches and increase in discretionary spending due to the implementation of the pay commission awards. But auto export is expected to remain muted this year due to demand slowdown in key markets like Egypt, Angola, Algeria, Nigeria and South Africa etc, it warned. Tractor makers hoping to report double digits growth for first time in 3 yrs Tractor makers are hoping to report growth in strong double digits for the first time in three years, even as demonetisation impacted rural demand adversely over the past three months. Several tractor manufacturers ET spoke to said sales are likely to grow 18-19% to 5.8-5.85 lakh units by the end of this fiscal. If this comes

true, it will be the second highest sales volume recorded in the domestic tractor market in a year after sales surged 20% to a record high of 6,34,151 units in 2013-14. "Sales revived to an extent last month. We expect the market to improve and stabilise by the next harvest season. Monsoon has been good this fiscal, sowing has gone up and pices are holding well. Despite demonetisation, the industry should grow 18-19%," Agarwal added. Between April and October 2016, tractor sales accelerated 25% over that in the previous year. After falling 14% in November, sales picked up in December to grow 7% over that a year ago. Tractor makers hoping to report double digits growth for first time in 3 yrs "With good progress in rabi sowing and increased minimum support prices (MSPs), we expect to see the growth momentum to continue in the coming months,” Rajesh Jejurikar, chief executive-farm equipment at Mahindra & Mahindra had said earlier this month. Raman Mittal, executive director at International Tractors, makers of Sonalika brand of tractors, said that post demonetisation banks and financial institutions prioritised collection as challenges in cash availability impacted repayments in the immediate aftermath of demonetisation. This affected new sales in the industry. The company, which sold 63,823 tractors in domestic and overseas markets till December this fiscal, expects its sales to surge at least 20% in 2016-17 over the previous financial year. Tractor sales in India declined 13% in 2014-15 over the previous year to 5,51,463 units, with poor monsoon whittling demand. Sales fell in 2015-16 as well, declining 11% to 493,764 units. However, good monsoon and a pickup in infrastructure and construction activity in the first half of the fiscal prompted most tractor makers to revise upwards their sales growth projections for 2016-17 to 15-17% from the earlier 10%. Industry executives are hopeful of meeting this revised target for the entire fiscal.


Ashok Leyland bags an order worth Rs 70.35 crore Indian commercial vehicle manufacturer Ashok Leyland on Monday has bagged an order of 135 buses for Burkino Faso worth Rs 70.35 crore, informed the company in a Bombay Stock Exchange (BSE) filing. The order has been bagged by Ashok Leyland West Africa and is under Lines of Credit from Exim Bank of India through Ecowas Bank of Investment & Development (EBID). The buses will be supplied to the Ministry of Higher Education Scientific Research and Innovation and will be supplied over the next 180 days. This includes delivery of vehicles, spare parts, aggregates supply, training and an effective after sales support system in Burkino Faso. Talking about the company's recent successes in foreign land, Ashok Leyland inaugurated a new vehicle assembly plant in Dhaka, Bangladesh to expand further in the region. Such ventures reflect the CV maker's vision to strengthen its overseas presence. In India, Ashok Leyland has posted 85 percent jump in its net profit for the first half of fiscal 2017 (April-December, 2016) and stood at Rs 585.19 crore. Its revenue for the concerned period atood at Rs 9,442.95 crore, thereby registering a year-on-year marginal growth of 0.57 percent.

International News..

USA - $1 MILLION 3D PRINTER UNVEILED IN LEETONIA A Columbiana County company and Youngstown State University say a new $1 million dollar 3D printer will advance cutting edge manufacturing technology in the Mahoning Valley. YSU President Jim Tressel was on hand Tuesday at Humtown Products in Leetonia to cut the ribbon for the printer, which is only one of its kind in the state of Ohio.

The printer is housed at Humtown’s new 3D mold manufacturing facility at the Columbiana County Port Authority’s industrial park. The printer, secured via an Ohio Third Frontier grant to YSU and America Makes, will support the metal casting industry throughout Ohio. The facility will also serve as a classroom and laboratory for engineering students from YSU and other universities and community colleges in Northeast Ohio. The S-Max industrial production 3D printer from ExOne, weighing in at more than 16 tons, prints large, complex sand cores and mold packages directly from CAD (computer-assisted design) data, eliminating the need for physical pattern or tooling. Mark Lamoncha, president and chief executive of Humtown. said the S-Max is one of the largest commercially available printers for sale in the United States. “It will enable industry to respond with ultra-fast product-to-market prototyping and the production of parts that were once considered unable to be manufactured,” said Lamoncha. Humtown, a traditional manufacturer to the foundry industry and technology integrator working to bridge the gap of technology, is collaborating with YSU, the Youngstown Business Incubator, the American Foundry Industry, America Makes and the University of Northern Iowa to bring additive manufacturing technology to the forefront of the metal casting industry. The 2,800-square-foot climate- and humidity-controlled facility in Leetonia was designed to meet production process specifications for the successful operation of the printer. The facility also houses office space and a 40-seat, auditorium-style training room that will be used to teach the American Foundry Society’s 3D Printing Optimization course. Also included is an area for working with and training YSU students and staff.

Foundry Informatics Centre, 67 TughlakabaTel: +91 11 29960601, Email: fic@indianfo

Government Schemes

Bank Credit Facilitation Scheme

To meet the credit requirements of MSME units NSIC has entered into a Memorandum of Understanding with various Nationalized and Private Sector Banks.

Through syndication with these banks, NSIC arranges for credit support (fund or non fund based limits) from banks without any cost to MSMEs.

Furthermore the MSMEs can upgrade their competence in terms of business and technologies by getting rated through independent, renowned and professional rating agencies empanelled with NSIC.

The empanelled rating agencies are CRISIL, ONICRA, SMERA-D&B, CARE, India Ratings, BRICKWORK and ICRA.

The MSE’s which get rated under NSICPerformance and Credit Rating Scheme not only has a liberty to get rated from rating agencies of its preference but it also invariably increases their creditability in business and help them in getting timely credit from banks at liberal rates of interest.

All documentations pertaining to completion and submission of a credit proposal to banks shall be undertaken by NSIC thereby saving cost and time to MSME.

For more information on the scheme, please click on the following link http://www.nsic.co.in/bankfaci.asp

Notifications/ Circulars

Ministry of Finance, Dept. of Revenue, CBEC Circular No. 2/2017 - Customs, dt. Amendments effective from 15.01.2017 to the All Industry Rates of Duty Drawback http://www.cbec.gov.in/resources//htdocs

cbec/customs/cs-circulars/cs-circulars

2017/circ02-2017cs.pdf

abad Institutional Area, New Delhi – 110062 foundry.org, Web: http://foundryinfo-india.org/

Facilitation Scheme

To meet the credit requirements of MSME units NSIC has entered into a Memorandum of Understanding with various Nationalized and

with these banks, NSIC (fund or non fund

based limits) from banks without any cost to

upgrade their competence in terms of business and technologies by getting rated through independent, renowned and professional rating

The empanelled rating agencies are CRISIL, D&B, CARE, India Ratings,

The MSE’s which get rated under NSIC-Performance and Credit Rating Scheme not only

any one of its preference but it also

invariably increases their creditability in help them in getting timely credit

rates of interest.

All documentations pertaining to completion and submission of a credit proposal to banks

ll be undertaken by NSIC thereby saving

For more information on the scheme, please click on the following link

, dt. 13.01.2017 Amendments effective from 15.01.2017 to the All Industry Rates of Duty Drawback – reg http://www.cbec.gov.in/resources//htdocs-

circulars-

Ministry of Finance, Dept. of Revenue, CBEC Notification No.9/2017 02.02.2017 Rate of exchange of conversion of the forcurrency with effect from http://www.cbec.gov.in/resources//htdocs

cbec/customs/cs-act/notifications/notfns

2017/cs-nt2017/csnt09-2017.pdf

Upcoming Indian Events

Upcoming International Events

Disclaimer: Although every care has been taken to ensure that

information provided is correct, The Institute of Indian

Foundrymen will not be responsible for any error or omission

and it does not necessarily represent official opinion of the

Institute of Indian Foundrymen.

g/

Ministry of Finance, Dept. of Revenue, CBEC

- Customs (N.T.), dt.

Rate of exchange of conversion of the foreign currency with effect from 3rd February, 2017 http://www.cbec.gov.in/resources//htdocs-

act/notifications/notfns-

2017.pdf

ian Events

Upcoming International Events

er: Although every care has been taken to ensure that

information provided is correct, The Institute of Indian

Foundrymen will not be responsible for any error or omission

and it does not necessarily represent official opinion of the

Institute of Indian Foundrymen.

3rd International

Exhibition & Conference

On Steel Industry

20th - 22nd April, 2017

Mumbai Exhibition

Center, Mumbai, India

http://www.indiasteelex

po.in/

ALUCAST-2016

01 - 03 Dec., 2017

BIEC, Bengaluru, India

http://www.alucast2016

.com/

CHINA DIECASTING

2017

From.: 19th

to 21st

July, 2017

Venue: SHANGHAI

URL: HTTP://WWW.DIECASTEXPO.CN/EN/

THE 73RD WORLD

FOUNDRY CONGRES

From.: 23rd to 27th

Sept., 2017

Venue: Poland

URL: HTTP://WWW.73WFC.COM/

issue no. 21 5, dated 7th february , 2017 · their future plans for sourcing of castings from...

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