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Rising input cost posing challenge to forging industry
The first half of the year was the most difficult for most forging companies, particularly those in the small and medium segment (SMEs), which are expected to witness a 50% decline in production in FY23, writes Association of Indian Forging Industry (AIFI). Read more
Forging and component units to see 60% decline due to EV push: AIFI
While petrol/diesel run internal combustion engine (ICE) in automobiles contain around 2,000 moving parts, electric vehicles have only 20. Thus, rising in EV consumption will have negative impact on component & forging industries.Read more
Ramkrishna Forgings is one stop destination for all CV OEMs
Established in 1981, Ramkrishna Forgings Ltd is a manufacturer of supplier of open and closed die forgings of carbon and alloy steel, micro alloy steel and stainless-steel forgings.Read more
Budget 2021: Infra push to generate demand for manufacturing sector & MSMEs
By allocating Rs 5.54 trillion for infrastructure development, budget 2021-22 aims to generate demand for the manufacturing sector, especially MSMEs. Read, how companies are reacting to the budget. Read more
High steel prices hammering growth of Indian forging industry: AIFI
Steel is the basic raw material for the forging industry and typically constitutes 60-65% of the ex-factory value of forgings. Association of Indian Forging Industry (AIFI) urges government to ban exports of steel and iron ore for the next six to eight months.Read more
Auto pouring machine for forging industry of Maharashtra Group of Industries
For foundries the process of pouring molten metal is a key process in holistic process of casting. Read more
Forging industry is poised for a good growth
With lot of forging shops shutting down operations in the developed countries and tier 1 companies closing down their in-house forging operations, India has a huge opportunity to capitalise on.Read more
Glocal forging market
Forging is a manufacturing process wherein a metal is processed through pressing, pounding, and squeezing under high pressure, thereby transforming the metal into the particular size and shape required by customers.Read more
Electric vehicles: Will it lead to job losses in forging industry?
Introduction of electric vehicles is a major gamechanger for the Indian economy. However, Shrabana Mukherjee believes it could lead to job losses in the internal combustion engine manufacturing units (mostly forging, casting and stamping units).Read more
