Meiban Engineering targets 20% y-o-y growth
By OEM Update Editorial March 15, 2017 12:48 pm IST
We offer complete turnkey solutions helping our customers to select the right tooling, says A. V. Srinivasan, CEO, Meiban Engineering Technologies Pvt Ltd in an interview with OEM Update.
How do you assess the machine tools industry scenario post demonetisation?
Certainly it has affected the market – especially 2-wheeler sales have come down. However we don’t see huge dip for the main capital equipment. Probably the impact may not be too bad for us in the days to come.
How was the year 2016 for your business? What will be your growth projections for the next couple years?
It was slightly better than 2015 and while we wanted to achieve around 15-20 per cent growth in terms of volume, could do around 10 per cent. Our projection is minimum 20 per cent year-on-year growth for the next year.
Our focus is to make our customers in India aware about our twin spindle machines with loaders and the total automation solutions. We are localising some of the machine accessories and completely doing the engineering solutions locally.
We offer complete turnkey solutions helping our customers to select the right tooling. Though our machines are from Japan, we integrate the local items using local engineering with the machine supply to the customer. We provide highly advanced technology and Indian market is yet to be ready to adopt these. We are educating our potential customers especially whoever has got high volume components.
All our machines are twin spindle machines with gantry loaders. We have launched the latest machine MW 40 for high accuracy hard part turning and a 3-spindle line where the finished product can be delivered with complete process integration in single set up.
We are fundamentally depended on automotive component sector and to some extent on the bearings. We expect that the automotive will be the prime mover. The government’s spending in the infrastructure will also help us to grow in the sheet metal sector.
A. V. Srinivasan,
CEO, Meiban Engineering Technologies Pvt Ltd
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