Dummy -MMT

Market Analysis

May 2013 - MMT

1

INSIGHTS & OUTLOOK Market Analysis

Giving the The grinding and finishing process is used in almost all types of manufacturing operations. As the Indian market becomes quality conscious, the demand for precise finishing technology is increasing.

Nishant Kashyap analyses the current situation of the grinding and finishing industry and the changes that the Indian industry is set to observe in the near future.

A

s the grinding technology has evolved over the years, manufacturers have been finding ways to reduce cycle time, increase the quality of grinding, cut down the manufacturing cost and optimise the process itself. Core industries in India are witnessing significant growth compared to that in the last few years. Various innovative and effective techniques are being implemented by manufacturers to cut costs and stay competitive while ensuring quality and excellent finish of products at the same time. It is here that the grinding industry plays an important role.

Setting up a System

Grinding is not an isolated process as it involves a proper amalgamation of various parameters. Right from the grinding tool and dressing tool to coolants and proper clamping, a careful selection of each aspect of the process is what sets up a proper system. The upgrade in these aspects has invariably brought about changes in the grinding quality as well. For instance, clamping systems have undergone a revolution from automatic clampings to hydraulic systems to between the centre clamping.

The parameters of how best to hold the component have redefined the accuracies 2

MMT - May 2013

of the grinding process. Functionally and aesthetically, grinding plays a crucial role in manufacturing; particularly in today’s world, wherein things revolve around lighter yet stronger concepts, good grinding is even more significant.

Propelling Growth

Today, customers have become more demanding. They expect high-precision products at a low cost, which has forced manufacturers to constantly improve the performance of machines. Adopting the most advanced technology for grinding is essential to stay competitive in the market.

The economic growth of China and India has induced demand for grinding machine manufacturers. There are many companies in India that have a good standing in the global market.

India also has a big role to play in

The challenges thrown by the manufacturing industry are many, but to continue marching ahead, the grinding industry has to come up with significant efforts to keep this process unparalleled.

the global market because of the size, competent labour, good technology and raw material availability in India.

With China becoming the biggest producer and India set to become the second largest producer very soon, many global giant will surely want to enter the country; it will also force already existing companies to enhance their capacity. India has many steel projects and capacity expansion projects, which provide a great opportunity for grinder manufacturers to grow in the field of metalworking. Grinding machine manufacturers are looking at exploring the huge market potential at this point. Witnessing the boom in the manufacturing sector, grinding machine manufacturing is the right place to be in.

New Avenues

Taking into consideration that grinding is one of the oldest and most tried & tested operations, this process has always generated confidence to cull out the desired accuracies as compared to other operations such as milling. This process, in its continuously refined avatar, is now being used in new industry applications. Apart from aerospace and defence applications, applications that require high-precision dies and electronic industries applications are

Market Analysis using grinding in a big way. The earth moving industry is also a recent area of application for the Indian industry where grinding operation is widely used in making excavators, bulldozers, etc.

Grinding has become a must in any application that uses hydraulics, such as in valves, spools and piston cylinders.

Steel mills, especially sheet steel mills, need high-quality roll grinders.

With many new steel plants coming up in India over the next decade, the demand for heavy-duty, large yet precision grinders would be huge.

Others segments such as manufacturing of pump parts, textile machinery, hypodermic needles, knives & cutters, bearing parts and small tools are avenues where precision grinding can make a mark. The challenges thrown by the manufacturing industry are many, but to continue marching ahead, the grinding industry has to come up with significant efforts to keep this process unparalleled.

industry. Since grinding is a widely used method of precision machining, India seems to be the preferred destination for grinding machine and equipment manufacturers. Driven by the domestic demand and cost efficiency of India, the business outlook for this industry is expected to grow considerably.

The challenge for the grinding industry is to meet the international standards and yet stay competitive. This can be achieved by more investments in R&D, absorption of technology, research future for grinding. nishant.kashyap@network18publishing.com

Promising Future

The image of India as a manufacturing hub has created huge opportunities for the Indian industry. Since grinding is a widely used method of precision machining, India seems to be the preferred destination for grinding machine and equipment manufacturers.

Driven by the domestic demand and cost efficiency of India, the business outlook for this industry is expected to grow considerably.

The challenge for the grinding industry is to meet the international standards and yet stay competitive. This can be achieved by more investments in R&D, absorption of technology, research activities with academia, etc.

Over a period of time, as the market becomes more mature with increasing volumes, cooperation between industries will increase, which will help grinding equipment manufacturers understand the industry requirements and provide customised solutions, thereby promising a robust future for grinding. The image of India as a manufacturing hub has created huge opportunities for the Indian May 2013 - MMT

3

Market Analysis

4

MMT - May 2013

INDUSTRY FOCUS Facility Visit Market Analysis

Towards Technology Transformation…

Driven by the mission to enrich people’s lives and contribute to the society by developing and providing high-performance machine tools, Macpower CNC Machine Pvt Ltd, as a machine tool maker, has already planned its future expansion. In a visit to the company’s state-of-the-art facility, Nishant Kashyap understands the company’s shop floor excellence and technical capability.

S

ituated in the machine tool hub of Rajkot, Gujarat, Macpower CNC Machines Pvt Ltd is a well-known company in the Indian market with over two decades of experience. The company believes in providing excellent technology and even better after sales service. All models are designed and manufactured inside the company in order to guarantee accuracy and control of the end products. For Macpower CNC, continuous improvement in design, production processes and incorporating state-of-the-art technologies are crucial when it comes to offering premium quality equipment in order to become a reference on the international scale. The company believes in not just delivering

machines but rather solutions to its customers.

History

In the year 1985, Macpower entered the global world of machine tools and was engaged in the manufacturing of CNC turning, vertical machining centres and turn mill centres. The company was founded by Rupesh Mehta, currently the president of the company, who has an extremely rich experience in the machine tool industry. Talking about his journey, Mehta says, “We started our machine tool business with lathe machines on a very small scale. Over the years, gradually but steadily, we made progress on the way to success and achieved the landmark of 12,000 machines running successfully all over

India as well as abroad in the year 2004.”

Over the years, Macpower CNC has developed a highly strong technical ability and has adapted the latest and most efficient production and management practices. Right from the beginning, Macpower CNC has had an extremely strong R&D approach, which benefited the company to lay a strong technical foundation. This capability enabled the company to offer customised solutions to its customers. With its technical capability, the company recently won the prestigious FIE foundation award for ‘Excellence in Design’ for Model Turn O’Mill – 200 in IMTEX 2013. Macpower is registered to ISO 9001 (Design), a universally accepted quality assurance designation,

by TUV Suddeutschland India Pvt Ltd (Germany) in December 2001.

May 2013 - MMT

5

Market Analysis The Facility

Situated in an area of 20,000 sq mt, Macpower is very well-equipped with the latest infrastructure & equipment and skilled intellectual capital to support the manufacturing of hightechnology driven machines that can withstand any amount of pressure.

“We have active participation in all the leading associations acting on the national and local levels, such as IMTMA and UNIDO to name a few,” says Mehta.

The facility is equipped with design room, machine shop, preassembly, final assembly and dispatch, electrical and electronics assembly, QA and QC room, paint shop and sheet & metal shop.

The buildings are designed with the help of modern architectural designs and best utilise the natural resources to minimise energy consumption. Nearly half of the area is covered with trees and gardens keeping in view the company’s commitment towards Mother Nature.

Macpower offers a wide range of CNC turning centres to suit different types of requirements and a range of vertical machining centres to achieve more sophisticated machining.

Talking about the facility, Mehta says, “We have a state-of-the-art design facility that features modern design stations and the latest design software.

Also, we perform all the machining job work in-house in order to maintain the accuracy standards of the machines.

To achieve the best results, we have a highly accurate mother machinery to cater to different types of machining requirements.”

Products & Services

Macpower has a product range for the entire segment starting from low and mid range to high-end users. The company specialises in turning centres and vertical machining centres that cater to industries such as aviation, aerospace, automobile, petroleum, construction, fire fighting, defence, metal, etc. The company has a series of machines such as GX Series, VX Series, MONO Series, LX Series, TURN O’ MILL Series and 6

MMT - May 2013

The company believes in innovation and puts extra effort on R&D

VMC Series. Recently, its TURN O’ MILL series won the FIE foundation award for ‘Excellence in Design’ in the recently concluded IMTEX. To back this, the company has a wide sales and support channel with branches in almost every big city in India. Talking about the sales and service, Mehta says, “A customer achieving high throughput using CNC machines would always want prompt after sales service. We, at Macpower CNC, understand this very well and that is why we have trained our service team members placed across the nation to cater to customers as quickly as they can. We provide regular training to the sales, service & managerial staff to maintain and upgrade them with the latest methodology, which will further help the company to maintain its edge.”

With more than 23 sales & service centres across India and approximately 400 experienced & energetic employees, the company is capable of producing 2,000 machines per year.

Accreditations & Practices Adopted  ISO 9001:2008  ISO 14001  CE  5S  TPM

Expansion Plans

To reach out to the customer and showcase its capability, Macpower CNC regularly participates in local as well as international exhibitions. Participation in international exhibitions has enhanced the company’s reach in the global market. Apart from local exhibitions such as IMTEX, AMTEX, ACMEE, Engg Expo, etc., the company also participates in international exhibitions such as EMO, MAKTEK EURASIA and Metalex.

After gaining incredible acceptance in the local market, the company is now looking for a foothold in the overseas market. Macpower is already doing business in Thailand, Europe and Turkey, but the company is in the advanced stages of enhancing its business globally. “As an ongoing process of development, at MACPOWER, we want to focus on the R&D centre, continuous improvement as part of technology upgrade in current products, implementation of 5S, Lean and related techniques for process upgrade and broadening avenues of future business by holistically entering tenders & exports. We will continue to satisfy our customers and will serve as their partners in their growth strategy,” avers Mehta. The facility is equipped with design room, machine shop, preassembly, final assembly and dispatch, electrical

Market Analysis and electronics assembly, QA and QC room, paint shop and sheet & metal shop.

The buildings are designed with the help of modern architectural designs and best utilise the natural resources to minimise energy consumption. Nearly half of the area is covered with trees and gardens keeping in view the company’s commitment towards Mother Nature.

Macpower offers a wide range of CNC turning centres to suit different types of requirements and a range of vertical machining centres to achieve more sophisticated machining.

Talking about the facility, Mehta says, “We have a state-of-the-art design facility that features modern design stations and the latest design software.

Also, we perform all the machining job work in-house in order to maintain the accuracy standards of the machines.

To achieve the best results, we have a highly accurate mother machinery to cater to different types of machining requirements.”

Expansion Plans

Process of development, at MACPOWER, we want to focus on the R&D centre, continuous improvement as part of technology upgrade in current products, implementation of 5S, Lean and related techniques for process upgrade

and broadening avenues of future business by holistically entering tenders & exports. We will continue to satisfy our customers and will serve as their partners in their growth strategy,” avers Mehta. nishant.kashyap@network18publishing.com

Products & Services

Macpower has a product range for the entire segment starting from low and mid range to high-end users. The company specialises in turning centres and vertical machining centres that cater to industries such as aviation, aerospace, automobile, petroleum, construction, fire fighting, defence, metal, etc. The company has a series of machines such as GX Series, VX Series, MONO Series, LX Series, TURN O’ MILL Series and VMC Series. Recently, its TURN O’ MILL series won the FIE foundation award for ‘Excellence in Design’ in the recently concluded IMTEX. To back this, the company has a wide sales and support channel with branches in almost every big city in India. Talking about the sales and service, Mehta says, “A customer achieving high throughput using CNC machines would always want prompt after sales service. We, at Macpower CNC, understand this very well and that is why we have trained our service team members placed across the nation to cater to customers as quickly.

May 2013 - MMT

7

INSIGHTS & OUTLOOK Market Analysis

Giving the Driven by the mission to enrich people’s lives and contribute to the society by developing and providing high-performance machine tools, Macpower CNC Machine Pvt Ltd, as a machine tool maker, has already planned its future expansion. In a visit to the company’s state-of-the-art facility, Nishant Kashyap understands the company’s shop floor excellence and technical capability.

A

s the grinding technology has evolved over the years, manufacturers have been finding ways to reduce cycle time, increase the quality of grinding, cut down the manufacturing cost and optimise the process itself. Core industries in India are witnessing significant growth compared to that in the last few years. Various innovative and effective techniques are being implemented by manufacturers to cut costs and stay competitive while ensuring quality and excellent finish of products at the same time. It is here that the grinding industry plays an important role.

Setting up a System

Grinding is not an isolated process as it involves a proper amalgamation of various parameters. Right from the grinding tool and dressing tool to coolants and proper clamping, a careful selection of each aspect of the process is what sets up a proper system. The upgrade in these aspects has invariably brought about changes in the grinding quality as well. For instance, clamping systems have undergone a revolution from automatic clampings to hydraulic systems to between the centre clamping.

The parameters of how best to hold the component have redefined the accuracies of the grinding process. Functionally and aesthetically, grinding plays a crucial role in manufacturing; particularly in today’s world, wherein things revolve 8

MMT - May 2013

around lighter yet stronger concepts, good grinding is even more significant.

Propelling Growth

Today, customers have become more demanding. They expect high-precision products at a low cost, which has forced manufacturers to constantly improve the performance of machines. Adopting the most advanced technology for grinding is essential to stay competitive in the market.

The economic growth of China and India has induced demand for grinding machine manufacturers. There are many companies in India that have a good standing in the global market.

India also has a big role to play in the global market because of the size, competent labour, good technology and raw material availability in India.

With China becoming the biggest producer and India set to become the second largest producer very soon, many global giant will surely want to enter the country; it will also force already existing companies to enhance their capacity. India has many steel projects and capacity expansion projects, which provide a great opportunity for grinder manufacturers to grow in the field of metalworking. Grinding machine manufacturers are looking at exploring the huge market potential at this point. Witnessing the boom in the manufacturing sector, grinding machine manufacturing is the right place to be in.

New Avenues

Taking into consideration that grinding is one of the oldest and most tried & tested operations, this process has always generated confidence to cull out the desired accuracies as compared to other operations such as milling. This process, in its continuously refined avatar, is now being used in new industry applications. Apart from aerospace and defence applications, applications that require high-precision dies and electronic industries applications are using grinding in a big way. The earth moving industry is also a recent area of application for the Indian industry where grinding operation is widely used in making excavators, bulldozers, etc.

Grinding has become a must in any application that uses hydraulics, such as in valves, spools and piston cylinders.

Steel mills, especially sheet steel mills, need high-quality roll grinders.

With many new steel plants coming up in India over the next decade, the demand for heavy-duty, large yet precision grinders would be huge.

Others segments such as manufacturing of pump parts, textile machinery, hypodermic needles, knives & cutters, bearing parts and small tools are avenues where precision grinding can make a mark. The challenges thrown by the manufacturing industry are many, but to continue marching ahead, the grinding industry has to come up with significant efforts to keep this process unparalleled.

Market Analysis The challenges thrown by the manufacturing industry are many, but to continue marching ahead, the grinding industry has to come up with significant efforts to keep this process unparalleled.

future for grinding. The image of India as a manufacturing hub has created huge opportunities for the Indian industry.

Since grinding is a widely used method of precision machining, India seems to be the preferred destination for grinding machine and equipment manufacturers.

Driven by the domestic demand and

cost efficiency of India, the business outlook for this industry is expected to grow considerably.

The challenge for the grinding industry is to meet the international standards and yet stay competitive. This can be achie.

Promising Future

The image of India as a manufacturing hub has created huge opportunities for the Indian industry. Since grinding is a widely used method of precision machining, India seems to be the preferred destination for grinding machine and equipment manufacturers.

Driven by the domestic demand and cost efficiency of India, the business outlook for this industry is expected to grow considerably.

The challenge for the grinding industry is to meet the international standards and yet stay competitive. This can be achieved by more investments in R&D, absorption of technology, research activities with academia, etc.

Over a period of time, as the market becomes more mature with increasing volumes, cooperation between industries will increase, which will help grinding equipment manufacturers understand the industry requirements and provide customised solutions, thereby promising a robust future for grinding. The image of India as a manufacturing hub has created huge opportunities for the Indian industry. Since grinding is a widely used method of precision machining, India seems to be the preferred destination for grinding machine and equipment manufacturers. Driven by the domestic demand and cost efficiency of India, the business outlook for this industry is expected to grow considerably.

The challenge for the grinding industry is to meet the international standards and yet stay competitive. This can be achieved by more investments in R&D, absorption of technology, research future for grinding. a robust May 2013 - MMT

9

Market Analysis

10

MMT - May 2013

INDUSTRY FOCUS Market Analysis Facility Visit

Towards Technology Transformation…

Driven by the mission to enrich people’s lives and contribute to the society by developing and providing high-performance machine tools, Macpower CNC Machine Pvt Ltd, as a machine tool maker, has already planned its future expansion. In a visit to the company’s state-of-the-art facility, Nishant Kashyap understands the company’s shop floor excellence and technical capability.

S

ituated in the machine tool hub of Rajkot, Gujarat, Macpower CNC Machines Pvt Ltd is a well-known company in the Indian market with over two decades of experience. The company believes in providing excellent technology and even better after sales service. All models are designed and manufactured inside the company in order to guarantee accuracy and control of the end products. For Macpower CNC, continuous improvement in design, production processes and incorporating state-of-the-art technologies are crucial when it comes to offering premium quality equipment in order to become a reference on the international scale. The company believes in not just delivering

machines but rather solutions to its customers.

History

In the year 1985, Macpower entered the global world of machine tools and was engaged in the manufacturing of CNC turning, vertical machining centres and turn mill centres. The company was founded by Rupesh Mehta, currently the president of the company, who has an extremely rich experience in the machine tool industry. Talking about his journey, Mehta says, “We started our machine tool business with lathe machines on a very small scale. Over the years, gradually but steadily, we made progress on the way to success and achieved the landmark of 12,000 machines running successfully all over

India as well as abroad in the year 2004.”

Over the years, Macpower CNC has developed a highly strong technical ability and has adapted the latest and most efficient production and management practices. Right from the beginning, Macpower CNC has had an extremely strong R&D approach, which benefited the company to lay a strong technical foundation. This capability enabled the company to offer customised solutions to its customers. With its technical capability, the company recently won the prestigious FIE foundation award for ‘Excellence in Design’ for Model Turn O’Mill – 200 in IMTEX 2013. Macpower is registered to ISO 9001 (Design), a universally accepted quality assurance designation,

by TUV Suddeutschland India Pvt Ltd (Germany) in December 2001.

May 2013 - MMT

11

Market Analysis The Facility

Situated in an area of 20,000 sq mt, Macpower is very well-equipped with the latest infrastructure & equipment and skilled intellectual capital to support the manufacturing of hightechnology driven machines that can withstand any amount of pressure.

“We have active participation in all

the leading associations acting on the national and local levels, such as IMTMA and UNIDO to name a few,” says Mehta.

The facility is equipped with design room, machine shop, preassembly, final assembly and dispatch, electrical and electronics assembly, QA and QC room, paint shop and sheet & metal shop.

The buildings are designed with the help of modern architectural designs and best utilise the natural resources to minimise energy consumption. Nearly half of the area is covered with trees and gardens keeping in view the company’s commitment towards Mother Nature.

Macpower offers a wide range of CNC turning centres to suit different types of requirements and a range of vertical machining centres to achieve more sophisticated machining.

Talking about the facility, Mehta says, “We have a state-of-the-art design facility that features modern design stations and the latest design software.

Also, we perform all the machining job work in-house in order to maintain the accuracy standards of the machines.

To achieve the best results, we have a highly accurate mother machinery to cater to different types of machining requirements.”

Products & Services

Macpower has a product range for the entire segment starting from low and mid range to high-end users. The company specialises in turning centres and vertical machining centres that cater to industries such as aviation, aerospace, automobile, petroleum, construction, fire fighting, defence, metal, etc. The company has a series of machines such as GX Series, VX Series, MONO Series, LX Series, TURN O’ MILL Series and VMC Series. Recently, its TURN O’ MILL series won the FIE foundation award for ‘Excellence in Design’ in the recently concluded IMTEX. To back this, the company has a wide sales and support channel with branches in almost every big city in India. Talking about the sales and service, Mehta says, “A customer achieving high throughput using CNC machines would always want prompt after sales service. We, at Macpower CNC, understand this very well and that is why we have trained our service team members placed across the nation to cater to customers as quickly as they can. We provide regular training to the sales, service & managerial staff to maintain and upgrade them with the 12

MMT - May 2013

Market Analysis To achieve the best results, we have a highly accurate mother machinery to cater to different types of machining requirements.”

Products & Services

The company believes in innovation and puts extra effort on R&D

latest methodology, which will further help the company to maintain its edge.”

With more than 23 sales & service centres across India and approximately 400 experienced & energetic employees, the company is capable of producing 2,000 machines per year.

Expansion Plans

To reach out to the customer and showcase its capability, Macpower CNC regularly participates in local as well as international exhibitions. Participation in international exhibitions has enhanced the company’s reach in the global market. Apart from local exhibitions such as IMTEX, AMTEX, ACMEE, Engg Expo, etc., the company also participates in international exhibitions such as EMO, MAKTEK EURASIA and Metalex.

After gaining incredible acceptance in the local market, the company is now looking for a foothold in the overseas market. Macpower is already doing business in Thailand, Europe and Turkey, but the company is in the advanced stages of enhancing its business globally. “As an ongoing process of development, at MACPOWER, we want to focus on the R&D centre, continuous improvement as part of technology upgrade in current products, implementation of 5S, Lean and related techniques for process upgrade and broadening avenues of future business by holistically entering tenders

Accreditations & Practices Adopted  ISO 9001:2008  ISO 14001  CE  5S  TPM & exports. We will continue to satisfy our customers and will serve as their partners in their growth strategy,” avers Mehta. The facility is equipped with design room, machine shop, preassembly, final assembly and dispatch, electrical and electronics assembly, QA and QC room, paint shop and sheet & metal shop.

The buildings are designed with the help of modern architectural designs and best utilise the natural resources to minimise energy consumption. Nearly half of the area is covered with trees and gardens keeping in view the company’s commitment towards Mother Nature.

Macpower offers a wide range of CNC turning centres to suit different types of requirements and a range of vertical machining centres to achieve more sophisticated machining.

Talking about the facility, Mehta says, “We have a state-of-the-art design facility that features modern design stations and the latest design software.

Also, we perform all the machining job work in-house in order to maintain the accuracy standards of the machines.

Macpower has a product range for the entire segment starting from low and mid range to high-end users. The company specialises in turning centres and vertical machining centres that cater to industries such as aviation, aerospace, automobile, petroleum, construction, fire fighting, defence, metal, etc. The company has a series of machines such as GX Series, VX Series, MONO Series, LX Series, TURN O’ MILL Series and VMC Series. Recently, its TURN O’ MILL series won the FIE foundation award for ‘Excellence in Design’ in the recently concluded IMTEX. To back this, the company has a wide sales and support channel with branches in almost every big city in India. Talking about the sales and service, Mehta says, “A customer achieving high throughput using CNC machines would always want prompt after sales service. We, at Macpower CNC, understand this very well and that is why we have trained our service team members placed across the nation to cater to customers as quickly.

Expansion Plans

Process of development, at MACPOWER, we want to focus on the R&D centre, continuous improvement as part of technology upgrade in current products, implementatio&D centre, continuous improvement as part of technology upgrade in current products, implementation of 5S, Lean and related techniques for process upgrade and broadening avenues of future business by holistically entering tenders & exports. We will continue to satisfy our customers and will serve as their partners in their growth strategy,” avers Mehta. nishant.kashyap@network18publishing.com

May 2013 - MMT

13

Market Analysis

14

MMT - May 2013

INSIGHTS & OUTLOOK Market Analysis

Turning the Wheel of

A

s the grinding technology has evolved over the years, manufacturers have been finding ways to reduce cycle time, increase the quality of grinding, cut down the manufacturing cost and optimise the process itself. Core industries in India are witnessing significant growth compared to that in the last few years. Various innovative and effective techniques are being implemented by manufacturers to cut costs and stay competitive while ensuring quality and excellent finish of products at the same time. It is here that the grinding industry plays an important role.

Setting up a System

Grinding is not an isolated process as it involves a proper amalgamation of various parameters. Right from the grinding tool and dressing tool to coolants and proper clamping, a careful selection of each aspect of the process is what sets up a proper system. The upgrade in these aspects has invariably brought about changes in the grinding quality as well. For instance, clamping systems have undergone a revolution from automatic clampings to hydraulic systems to between the centre clamping.

The parameters of how best to hold the component have redefined the accuracies

F

RTUNE

of the grinding process. Functionally and aesthetically, grinding plays a crucial role in manufacturing; particularly in today’s world, wherein things revolve around lighter yet stronger concepts, good grinding is even more significant.

Propelling Growth

Today, customers have become more demanding. They expect high-precision products at a low cost, which has forced manufacturers to constantly improve the performance of machines. Adopting the most advanced technology for grinding is essential to stay competitive in the market.

The economic growth of China and India has induced demand for grinding machine manufacturers. There are many companies in India that have a good standing in the global market.

India also has a big role to play in

The challenges thrown by the manufacturing industry are many, but to continue marching ahead, the grinding industry has to come up with significant efforts to keep this process unparalleled.

the global market because of the size, competent labour, good technology and raw material availability in India.

With China becoming the biggest producer and India set to become the second largest producer very soon, many global giant will surely want to enter the country; it will also force already existing companies to enhance their capacity. India has many steel projects and capacity expansion projects, which provide a great opportunity for grinder manufacturers to grow in the field of metalworking. Grinding machine manufacturers are looking at exploring the huge market potential at this point. Witnessing the boom in the manufacturing sector, grinding machine manufacturing is the right place to be in.

New Avenues

Taking into consideration that grinding is one of the oldest and most tried & tested operations, this process has always generated confidence to cull out the desired accuracies as compared to other operations such as milling. This process, in its continuously refined avatar, is now being used in new industry applications. Apart from aerospace and defence applications, applications that require high-precision dies and electronic industries applications are May 2013 - MMT

15

Market Analysis using grinding in a big way. The earth moving industry is also a recent area of application for the Indian industry where grinding operation is widely used in making excavators, bulldozers, etc.

Grinding has become a must in any application that uses hydraulics, such as in valves, spools and piston cylinders.

Steel mills, especially sheet steel mills, need high-quality roll grinders.

With many new steel plants coming up in India over the next decade, the demand for heavy-duty, large yet precision grinders would be huge.

Others segments such as manufacturing of pump parts, textile machinery,

hypodermic needles, knives & cutters, bearing parts and small tools are avenues where precision grinding can make a mark. The challenges thrown by the manufacturing industry are many, but to continue marching ahead, the grinding industry has to come up with significant efforts to keep this process unparalleled.

Promising Future

The image of India as a manufacturing hub has created huge opportunities for the Indian industry. Since grinding is a widely used method of precision machining, India seems to be the preferred destination for grinding machine and equipment manufacturers.

Driven by the domestic demand and cost efficiency of India, the business outlook for this industry is expected to grow considerably.

The challenge for the grinding industry is to meet the international standards and yet stay competitive. This can be achieved by more investments in R&D, absorption of technology, research activities with academia, etc.

Over a period of time, as the market becomes more mature with increasing volumes, cooperation between industries will increase, which will help grinding equipment manufacturers understand the industry requirements and provide customised solutions, thereby promising a robust future for grinding. The image of India as a manufacturing hub has created huge opportunities for the Indian industry. Since grinding is a widely used method of precision machining, India seems to be the preferred destination for grinding machine and equipment manufacturers. Driveopportunities for the Indian industry. Since grinding is a widely used method of precision machining, India seems to be the preferred destination for grinding machine and equipment manufacturers.

Driven by the domestic demand and cost efficiency of India, the business outlook for this industry is expected to grow considerably.

The challenge for the grinding industry is to meet the international 16

MMT - May 2013

Market Analysis The challenges thrown by the manufacturing industry are many, but to continue marching ahead, the grinding industry has to come up with significant efforts to keep this process unparalleled.

With China becoming the biggest producer and India set to become the second largest producer very soon, many global giant will surely want to enter the country; it will also force already existing companies to enhance their capacity. India has many steel projects and capacity expansion projects, which provide a great opportunity for

grinder man sector, grinding machine mansiderably.

The challenge for the grinding industry is to meet the international standards and yet stay competitive. This can be achie. nishant.kashyap@network18publishing.com

etting up a System

Grinding is not an isolated process as it involves a proper amalgamation of various parameters. Right from the grinding tool and dressing tool to coolants and proper clamping, a careful selection of each aspect of the process is what sets up a proper system. The upgrade in these aspects has invariably brought about changes in the grinding quality as well. For instance, clamping systems have undergone a revolution from automatic clampings to hydraulic systems to between the centre clamping.

The parameters of how best to hold the component have redefined the accuracies of the grinding process. Functionally and aesthetically, grinding plays a crucial role in manufacturing; particularly in today’s world, wherein things revolve around lighter yet stronger concepts, good grinding is even more significant.

Propelling Growth

Today, customers have become more demanding. They expect high-precision products at a low cost, which has forced manufacturers to constantly improve the performance of machines. Adopting the most advanced technology for grinding is essential to stay competitive in the market.

The economic growth of China and India has induced demand for grinding machine manufacturers. There are many companies in India that have a good standing in the global market.

India also has a big role to play in the global market because of the size, competent labour, good technology and raw material availability in India.

May 2013 - MMT

17

Market Analysis

Reg No: MH / MR / WEST / 235 / 2012 – 2014 RNI No: MAHENG / 2008 / 24347 Licence to Post at Mumbai Patrika Channel Sorting Office, Mumbai GPO., Mumbai 400 001 Date Of Posting 5th & 6th Of Every Month / English & Monthly.

Date Of Publication: 28th of Every Month

May 2013

18

MMT - May 2013

140