EDITORIAL ASSISTANT The Indian metals sector seems to be in...
1
Dear Readers, he Indian metals sector seems to be in somewhat better shape Tnow. Last few years were particularly challenging for everybody as demand seemed stagnated coupled with raw material crisis. Now, if you look at the quarterly reports of major metal companies, they have started increasing the production. Today, their position is comparatively better than the last year. Atleast they can expect a gradual rise in the demand in coming months. The raw material crisis is also mostly resolved and the availability of ore, coal has improved substantially. Many experts prefer to describe such a situation ‘new normal’ instead of ‘recession’. No, its not only word play. What it means is that now one has to get used to such industry environment where making profits may not be as easy as it was before. One has to be really innovative and articulate to do so. This situation is not a temporary passing phase but a long term reality. The world around us is changing very fast. Our industry too is feeling the heat and will be undergoing a tremendous transformation in coming years. This transformation is multi dimensional. The technologies like 3D printing are going to re define the auto industry while technologies like robotics, cloud computing, virtual reality, augmented reality are going to completely change the way businesses are being done. I am very sure that many giants of today will face a tough time tomorrow and few of them will even perform a vanishing trick. New business models will emerge. We know today that the biggest taxi company in the world does not own a single vehicle. It were mobile companies which saw the downfall of music and camera companies. In today’s time, one should expect the most unexpected to happen. Auto industry is really heading towards a big transition and as a natural consequence, auto component industry, foundry industry is bound to undergo a huge churning. Most of the Indian metal business houses are under tremendous finance pressure and few of them are looking for buyers, investors etc. Many companies want to expand the capacity and tap the additional demand expected to be generated but lack the support of financial institutions. Already, there is a talk of mergers, acquisitions and re- structuring of the industry. Looking at all this, I definately see a big fundamental change just round the corner ! Write your comments : https://metalworldblog.wordpress.com/ ` 2360 ` 4425 ` 6490 US$ 177 US$ 325 US$ 472 (Inclusive of GST 18%) EDITOR D. A. Chandekar B.E. (Met.) DBM, DJMC EDITORIAL BOARD H. T. Makhijani Amit Majumdar Jayant Shah R. T. Kulkarni Sachin Nirgudkar PRODUCTION Anita Chandekar DESIGN & LAYOUT Kapil Mohite MARKETING Padmaja Shirali HEAD OFFICE 1, Alpha, M. G. Road, Vile Parle (E), Mumbai - 400 057. India Tel. : 91-22-2619 2376,2617 1575, 2617 1866 Fax : 91-22-2616 2817 Email : Marketing : [email protected] Editorial : [email protected] Website : www.metalworld.co.in https://www.facebook.com/pages/ Metalworld/249596461861510 CIRCULATION Sanjana Acharekar MARKETING DIRECTOR - MENA REGION P. Ramakriishna Raaju EDITORIAL ASSISTANT Sushma Upadhyay October 2017 03
Transcript of EDITORIAL ASSISTANT The Indian metals sector seems to be in...
Dear Readers,
he Indian metals sector seems to be in somewhat better shape Tnow. Last few years were particularly challenging for everybody
as demand seemed stagnated coupled with raw material crisis. Now, if
you look at the quarterly reports of major metal companies, they have
started increasing the production. Today, their position is comparatively
better than the last year. Atleast they can expect a gradual rise in the
demand in coming months. The raw material crisis is also mostly
resolved and the availability of ore, coal has improved substantially.
Many experts prefer to describe such a situation ‘new normal’ instead of
‘recession’. No, its not only word play. What it means is that now one
has to get used to such industry environment where making profits may
not be as easy as it was before. One has to be really innovative and
articulate to do so. This situation is not a temporary passing phase but a
long term reality.
The world around us is changing very fast. Our industry too is
feeling the heat and will be undergoing a tremendous transformation in
coming years. This transformation is multi dimensional. The
technologies like 3D printing are going to re define the auto industry
while technologies like robotics, cloud computing, virtual reality,
augmented reality are going to completely change the way businesses
are being done. I am very sure that many giants of today will face a
tough time tomorrow and few of them will even perform a vanishing
trick. New business models will emerge. We know today that the biggest
taxi company in the world does not own a single vehicle. It were mobile
companies which saw the downfall of music and camera companies. In
today’s time, one should expect the most unexpected to happen. Auto
industry is really heading towards a big transition and as a natural
consequence, auto component industry, foundry industry is bound to
undergo a huge churning.
Most of the Indian metal business houses are under tremendous
finance pressure and few of them are looking for buyers, investors etc.
Many companies want to expand the capacity and tap the additional
demand expected to be generated but lack the support of financial
institutions. Already, there is a talk of mergers, acquisitions and re-
structuring of the industry. Looking at all this, I definately see a big
fundamental change just round the corner !
Write your comments : https://metalworldblog.wordpress.com/
` 2360
` 4425
` 6490
US$ 177
US$ 325
US$ 472
(Inclusive of GST 18%)
EDITOR
D. A. ChandekarB.E. (Met.) DBM, DJMC
EDITORIAL BOARD
H. T. MakhijaniAmit Majumdar
Jayant ShahR. T. Kulkarni
Sachin Nirgudkar
PRODUCTION
Anita Chandekar
DESIGN & LAYOUT
Kapil Mohite
MARKETING
Padmaja Shirali
HEAD OFFICE
1, Alpha, M. G. Road, Vile Parle (E),Mumbai - 400 057. India
Tel. : 91-22-2619 2376,2617 1575, 2617 1866Fax : 91-22-2616 2817
Email : Marketing : [email protected] : [email protected] : www.metalworld.co.in
https://www.facebook.com/pages/Metalworld/249596461861510
CIRCULATION
Sanjana Acharekar
MARKETING DIRECTOR - MENA REGION
P. Ramakriishna Raaju
EDITORIAL ASSISTANT
Sushma Upadhyay
October 201703
