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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 November. Speaking to TOI, A Sivashanmuga Kumar, president, Cosmafan, said the decision to resume pr...

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 casting supply from the foundries. The workers who were hit during the lockdown will go jobless if the f...

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 district. It is to be noted that pump makers, wet grinder makers, and automobile and textile industries ar...

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% of our investment is required to procure raw materials, it is impossible to continue doing busines...