Welding equipment manufacturers need consolidation

June 17, 2013 7:26 am

With increased focus on welding automation products, we have expanded and invested our energies in producing newer, better products which can reduce cost and give better performance”
Nimesh Chinoy, Marketing Director (SigmaWeld), Electronics Devices Worldwide Pvt. Ltd.
 
Welding industry is directly related to the growth of steel, infrastructure, power generation, automobile, and heavy industries. Most or all of these manufacturing-dependent industries have shown negative growth in last year. Major projects have been put on hold and expansion plans have been shelved for the moment. This has directly impacted the welding industry which has registered a negative growth to the tune of 20 to 25 per cent. Nimesh Chinoy talks about welding industry, the effect of Union Budget and how the manufacturing industry can contribute 25 per cent to India’s GDP.
Welding industry in 2012 There is a slump in demand, leading to excess supply. As the market is fragmented, many low-cost Chinese imports have found greater market shares. This has also led to small-time manufacturers to be driven out of the business or source from China.

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