Ludhiana: Industrial casting and especially domestic furnace owners are in the arms of the government for failing to control the raw rate such as coal, chemicals and pig iron.
According to employers, the level of all components has soared so that their production costs for running furnaces now increase to 35%.
Unable to continue the cost of increasing to their customers, many furnaces have suspended the production cycle – some are now operating once in three days while some even operate once a week.
Moving against the central government, Jagbeer Singh Sokhi, president of the Technology Park Cluster Sewing Machine, said, “Those who have dome furnaces face a situation that is incomparable as the level of all components including coal, pig iron and chemicals have soared.
During the last month, the level Coal has increased from RS 32,000 to Rs 54,000 per ton, while the pork’s iron rate has soared from Rs 42,000 per ton to Rs 52,000 per ton.
The new tariff of all this combination has caused an increase of around 30% to 35% in the cost of running a cup furnace.
Electric furnace has also become an expensive affair to run.
If a month ago, the casting unit owner spent the 10.00,000 Rs in operating the furnace with a full capacity, he now dropped Rs 13.50,000 because of the increase in the increase.
“Sokhi also added,” This is also Total failure in that section.
The central government.
Is it coal, pig iron or chemicals, producers EN or supplier these products have no checks on them and they can increase their rates at any time.
Even though we represent repeatedly to the government, there are no actions taken in this matter and prices are still increasing.
“According to Jatinder Nagpal, the Finance Secretary of the Ludhiana Sewing Machine Industry Association,” the situation was unable.
To lose customers by continuing this increase to them, because the demand for the final product is also very low at this time.
Without assistance from the government, we have delayed production and now they used to run the furnace every day to run it after a gap 3-4 days, industrialists who used to run it after 3-4 days operate it once a week or 10 days.
“According to Kulwant Singh, Secretary General of the Sewing Machine Development Club,” The worst patient about coal levels, iron pigs and chemicals is the sewing machine industry, until about 90% of our industries depend on dome furnaces to meet their demands for its parts.
We were surprised at the silence of the central government, which did not do anything to reduce the level of raw material until now.
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35% increase in input costs make the city casting industry boiling
