Engineering - News & Analysis

Industry Overview

Machine Tool Industry looks for new venue

Details: Category: Industry Overview

After riding on the fortunes of Indian automotive sector growth @ close to 30% growth, machine tools industry is looking at other venues like aerospace, construction, earthmoving, and medical implants. Companies like Bharat Fritz Werner (BFW) is already doing that and is expecting a 15 % drop in sales compared to previous year. Many companies will shift to 5-day week, bring more focus on customer service, look at re-conditioning of machines without resorting to man-power cuts. Many experts feel, despite the gloom scenario much consolidation or acquisition by foreign players.

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Engineering firms report decline in order booking

Details: Category: Industry Overview

After showing healthy growth in the last few quarters, engineering firms report 10% growth in order bookings. Most engineering firms receive orders for infrastructure projects like pipelines, power equipment, gas and oil from local as well as international markets. With global slowdown many have shelved plans and this affected their order bookings. BHEL, Reliance Infrastructure have reported a sequential decline.

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Machine Tool industry predicts flat growth for FY 2009

Details: Category: Industry Overview

Machine Tool industry is predicted to be flat in the year financial year 2009 after growing @ 30% for several years. The machine tool industry which depends more on auto component will survive the downturn. The recent IMTEX show in Bangalore is expected to bring business.

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