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Small foundries feel heat of rising material costs, to down shutters | Coimbatore News

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. Along with the main raw materials like pig iron, scrap and coke, price of allied components has increased by 116%. On an average, raw material prices have increased by 26% since November,” he told reporters.

Ramesh babuCoimbatore district small industries association codissiaCoimbatore tinySmall foundry owners associationCoimbatore district small industries associationரமேஷ் பாபுகோயம்புத்தூர் மாவட்டம் சிறிய தொழில்கள் சங்கம் கோடிசியாகோயம்புத்தூர் சிறியதுசிறிய ஃபவுண்டரி ஓநர்ஸ் சங்கம்கோயம்புத்தூர் மாவட்டம் சிறிய தொழில்கள் சங்கம்

Small, tiny foundries in Coimbatore to go on strike from Dec 16

Small, tiny foundries in Coimbatore to go on strike from Dec 16
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Small foundry owners associationCoimbatore tinyShiva shanmughakumarசிறிய ஃபவுண்டரி ஓநர்ஸ் சங்கம்கோயம்புத்தூர் சிறியது

Coimbatore small-scale industry owners to go on indefinite strike from Wednesday | Coimbatore News

The foundry owners sought the Centre s 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 the raw materials have been increasing around the same time since the last four years, he said, this year, along with the main raw materials allied components prices have also increased by 116%.

A sivashanmuga kumarSmall foundry owners association cosmafanFederation of coimbatore industrial associationSivashanmuga kumarCoimbatore tinySmall foundry owners associationCoimbatore industrial associationகூட்டமைப்பு ஆஃப் கோயம்புத்தூர் தொழில்துறை சங்கம்கோயம்புத்தூர் சிறியதுசிறிய ஃபவுண்டரி ஓநர்ஸ் சங்கம்கோயம்புத்தூர் தொழில்துறை சங்கம்