The on-going economic slowdown has had varying impacts on different organisations. How is your organisation using this period to prepare for the next phase of growth?
The current economic slowdown being faced by India is caused by various factors like slowdown in global economy, lack of funding available for the industry because of the curtailing of funds supplies to NBFCs, the reduced demand for automobile due to postponement of purchase decision by customers until launch of BS6 and the expected change over to electric vehicles, etc. All of these have led to a very low demand for machine tools in the last nearly one year.
While this had greatly impacted the sales volume of the standard machines, we at Gedee Weiler have always been focussing on offering turnkey solutions and customization to the extent possible based on our modular design of our products.
It has been our experience that our recently launched products like turnmill machines and Versaturn - with its enormous flexibility and ability to quick change over set ups - continue to be in demand by our customers.
As we cater to various segments of the industry, we are focussing on the sectors other than automotive. We identify the potential needs and deliver competitive solutions to meet the exact requirements of customers.
We have utilised the time available to develop different type of automation solutions (Servo gantry, dedicated chutes with pneumatic grippers, unique unloading concepts for shaft bars and pipes, etc..) on our standard products which are already in demand and we expect this demand only to grow when the economy starts looking up.
This story is from the January 2020 edition of The Machinist.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 2020 edition of The Machinist.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
OUR HYBRID HYDROMETALLURGY PROCESS EXTRACTS ELEMENTAL COMPOUNDS WITH 1/10TH THE CARBON FOOTPRINT
MiniMines’ Founding Director, Anupam Kumar, and CTO and Director, Arvind Bhardwaj, candidly discusses their shared passion for recycling batteries, inception of their dream venture, their patented eco-friendly process HybridHydrometallurgy, upcoming initiatives, and expansion plans in an interview with Nisha Shukla.
IGUS LAUNCHES NEW COMPACT LOW-COST ENERGY CHAIN FOR DRAWERS
For cable guidance in drawers and pull-outs of all kinds, igus is launching the draw e-chain.
Hero Lectro introduces the H4 and H7+ e-cycles
HERO LECTRO, the e-cycle brand of Firefox Bikes Ltd., has unveiled its latest offerings: the H4 and H7+.
ETP Group launches next generation solutions in unified commerce retail management
ETP GROUP, Asia’s leading retail software company, has announced the launch of two new and innovative platforms - Ordazzle and ETP Unify – to redefine the retail and e-commerce landscape in India.
MARPOSS' UNMATCHED QUALITY CONTROL SOLUTIONS FOR FUEL CELLS AND ELECTROLYSERS
Exploring Marposs' quality control solutions for fuel cells and electrolysers, which aid manufacturers in achieving high accuracy and quality in production processes.
"WE PLAN TO DOUBLE OUR GROWTH IN THE NEXT THREE YEARS"
In a traditionally male-dominated sector like India’s energy industry, the journey of Preeti Bajaj, CEO & MD of Luminous Power Technologies, stands out as a beacon of inspiration and empowerment.
OPTIMISING 5G ROI FOR LONG-TERM SUSTAINABILITY OF ENTERPRISE NETWORKS
A look at how 5G can enhance network infrastructure by providing the connectivity, security, and agility needed to confront upcoming challenges.
ACCELERATING A SUSTAINABLE FUTURE THROUGH SIMULATION
The article demonstrates how simulation can help industries pave the way for a greener future while enabling them to adopt more efficient practices during the manufacturing, utilisation, and maintenance of products.
INNOVATION AND TECHNOLOGY ADVANCEMENTS: SHAPING THE FUTURE OF DRONES IN INDIA
The article underscores the role of drones as significant disruptors for the future, offering a multitude of benefits across various sectors and presenting novel solutions to existing challenges.
THE SYNERGISTIC FUTURE OF MSMES AND STARTUPS IN INDIA'S MANUFACTURING SECTOR
The article delves into the immense possibilities that MSMEs and startup collaboration hold for transforming manufacturing practices, underscored by the supportive role of funding mechanisms and a conducive policy environment.