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Meiban to localise some value-added services

“As Meiban predominantly imports all its machines from Muratec, Japan, the exchange rates play a major role in getting orders.”
– A. V. Srinivasan, CEO, Meiban Engineering Technologies Pvt. Ltd.
Meiban Engineering Technologies is in both sheet metal and metal-cutting machine tools industries which have faced a difficult market scenario due to slump in automotive parts manufacturing and tight monetary policies. A. V. Srinivasan discussed how the global slowdown affected the overall industry.
Meiban in 2012In the last financial year, Meiban could grow as it could start some value-added services. The company has concentrated on training its sales and service teams to provide better quality support to customers.
Affected by weak local currencyAs Meiban predominantly imports all its machines from Muratec, Japan, the exchange rates play a major role in getting orders. Strong foreign currency and weak local currency affects its business.  Measures to counter shortcomingsMeiban has started looking at localising some of the value-added services and is actively considering procuring some of the peripheral equipment without compromising the quality and performance of its machines. It also concentrates on continuous training, flexibility and future planning.
India as 5th largest manufacturing countryMaking India 5th largest manufacturing country is a daunting task, but well worth its efforts as India has a huge talented pool of human resources.

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