comparemela.com

Latest Breaking News On - சிறிய ஃபவுண்டரி ஓநர்ஸ் சங்கம் - Page 1 : comparemela.com

Form panel to keep raw material price in check, govt told | Coimbatore News

Coimbatore: Around 400 foundries remained closed for the second day on Thursday to protest the steep rise in prices of raw materials. Foundry owners demanded the Union government to take steps to control the increase in steel prices and requested to constitute a committee to monitor the price hike. The protesting foundries are members of the Coimbatore Tiny and Small Foundry Owners Association. They are mainly located at Arasur, Manickampalayam, Peelamedu, Irugur and Keeranatham in the district. It is to be noted that pump makers, wet grinder makers, and automobile and textile industries are dependent on foundries, which make metal castings. These units need steel, the price of which has shot up by 30% since November. The units started indefinite strike on Wednesday, demanding the Centre to impose ban on steel export and reduce steel price.

400 foundries closed indefinitely | Coimbatore News

Coimbatore: More than 400 small-scale foundries in the district downed their shutters indefinitely on Wednesday to condemn the central and state governments for their inaction in controlling the spiraling prices of raw materials. The shutdown would affect lakhs of workers who are working in and with foundries and other industries including pumps, textile machinery, automobiles and other engineering industries. “The price of raw materials has increased up to 30% since November. When about 80% of our investment is required to procure raw materials, it is impossible to continue doing business mainly for the small-scale industries who had been working with minimal profit margin. Even though half of our customers have agreed to revise the price, we decided to continue the strike. We want to gain the attention of both the state and central governments who remain silent despite escalating the issue multiple times,” president of Coimbatore Tiny and Small Foundry Owners Association (C

400 foundries halt production in Coimbatore over raw material price hike

400 foundries halt production in Coimbatore over raw material price hike The foundries, affiliated to the Coimbatore Tiny and Small Foundry Owners Association (COSMAFAN), stopped production indefinitely, resulting in a loss of Rs 30 crores daily, its president Shiva Shanmughakumar said PTI | December 16, 2020 | Updated 17:10 IST Coimbatore and Tirupur Medium Industries Association with nearly 50,000 units has also given a call to down shutters for a day on Wednesday About 400 small and tiny foundries in the district remained silent on Wednesday as part of their indefinite strike to draw the attention of the Centre to the spiralling price of raw materials since the last two months.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.