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IN - Foundries hit by low demand

Coimbatore: Three days after they went into indefinite shutdown to protest the soaring prices of raw materials such as pig iron and stainless steel and scrap, small-scale foundries in the district on Saturday decided to resume operations from Monday at a meeting that was convened by the Coimbatore Tiny and Small Foundry Owners’ Association (Cosmafan). More than 400 small-scale foundries had stopped production on Wednesday after prices of raw materials had gone up by 26% on an average since N...

Small foundries call off strike Updated: Updated: Share Article AAA Small foundries in Coimbatore, numbering nearly 400, that were on indefinite strike since December 16 will resume operations on Monday (December 21). According to a press release from the Coimbatore Tiny and Small Foundry Owners’ Association, it was decided to call off the strike temporarily as the manufacturing industries that are dependent on foundries - pumpset, textile, wet grinder units - were all affected without cast...

Coimbatore: Around 400 foundries remained closed for the second day on Thursday to protest the steep rise in prices of raw materials. Foundry owners demanded the Union government to take steps to control the increase in steel prices and requested to constitute a committee to monitor the price hike. The protesting foundries are members of the Coimbatore Tiny and Small Foundry Owners Association. They are mainly located at Arasur, Manickampalayam, Peelamedu, Irugur and Keeranatham in the distric...

Coimbatore: More than 400 small-scale foundries in the district downed their shutters indefinitely on Wednesday to condemn the central and state governments for their inaction in controlling the spiraling prices of raw materials. The shutdown would affect lakhs of workers who are working in and with foundries and other industries including pumps, textile machinery, automobiles and other engineering industries. “The price of raw materials has increased up to 30% since November. When about 80...

400 foundries halt production in Coimbatore over raw material price hike The foundries, affiliated to the Coimbatore Tiny and Small Foundry Owners Association (COSMAFAN), stopped production indefinitely, resulting in a loss of Rs 30 crores daily, its president Shiva Shanmughakumar said PTI | December 16, 2020 | Updated 17:10 IST Coimbatore and Tirupur Medium Industries Association with nearly 50,000 units has also given a call to down shutters for a day on Wednesday About 400 small and tiny fo...

Updated: The total production loss is estimated at ₹ 30 crore a day Share Article AAA Slow down: Workers resting at a foundry in Coimbatore that stopped production on Wednesday.   | Photo Credit: PERIASAMY M The total production loss is estimated at ₹ 30 crore a day Nearly 400 small-scale foundries here stopped production on Wednesday demanding measures to control prices of raw materials. Pig iron, coke, and scrap are the main raw materials consumed at foundries. While prices of pig iron...

COIMBATORE: Unable to cope with the rising raw material costs, small-scale foundries in the district have decided to shut operations and launch an indefinite strike from Wednesday. While the foundries were hit hard by the lockdown, the steep hike in raw material prices has worsened the situation, said president of Coimbatore Tiny and Small Foundry Owners Association (Cosmafan) A Sivashanmuga Kumar. “Price of raw materials has been increasing around the same time for the last four years. Alon...

The foundry owners sought the Centres intervention to control the rising prices of raw materials. Speaking to journalists on Monday, A Sivashanmuga Kumar, president of Coimbatore Tiny and Small Foundry Owners Association (Cosmafan) said, “Most of the foundries are badly affected during the lockdown period and after a long struggle, it is only now we have started to increase the production. The raise in raw materials price has come as another blow to us.” Pointing out that the prices of th...