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INTERVIEW
MAINTAINING HIGHER GROWTH MOMENTUM ON INTERNATIONAL ORDERS We have been able to cater to the requirements of the industry, and the tie up has helped us in bagging large supply contracts against all multinational companies
NIRAJ MORE
MANAGING DIRECTOR GRAUER & WEIL (INDIA) LIMITED
What is the size of global and India market for surface finishing for FY 2022-23? The global metal finishing market is estimated to be roughly around US $90.97 billion. The metal finishing market is projected to grow at a CAGR of over 4% over the next 5 years. The India metal treatment chemical market is expected to grow at a CAGR of 5.68% to reach US $378.4 million by the end of 2023. The prominent application includes automotive OEM & component industry followed by metalworking, electrical & electronic, and industrial machinery. How has been the company’s performance in FY 2021-22 what’s the forecast for FY 2022-23? FY 2021-22 has been a challenging year. There has been a slowdown in auto manufacturing due to significant supply chain disruptions in chips worldwide; creating muted downstream demand for chemicals. Commodity prices were very volatile throughout
Growel’s paints business has tied up with Transocean Netherland for HPC and marine coating. We have been able to cater to the requirements of this industry and the tie up has helped us in bagging large supply contracts against all multinational companies.
the year and spiked in the second half of the financial year. The result of all this had been a significant inflation impact which, our organization, using all possible means managed to circumvent and still managed to achieve growth over last year. Until December 2021, the YTD growth is 45% for the entire group. • Performance of chemicals division in FY 2021-22 and plans for FY 2022-23? Until December 2021, the YTD growth is 42% in the chemicals division. With our current efforts towards introducing new chemical processes which are free from hazardous chemicals, we expect to bag good orders this year and maintain a healthy growth in FY 2022-23. • Performance of the engineering division in FY 2021-22 and plans for FY 2022-23? Until December 2021, the YTD growth is more than double in the engineering division. With the effort towards developing new export markets in FY 2021-22, we hope to see some more orders coming in from international customers which should help us in maintaining a healthy growth in FY 2022-23. We are also working on introducing some new purification systems in our lines which will help reduce waste effluent generation from our plants, thus reducing the total water consumption. • Performance of paints division in FY 2021-22 and plans for FY 2022-23? Until December 2021, the YTD growth
