Ludhiana: Although demand increases over the past few months, the city binding manufacturing industry faces heat due to the increase in production costs which lead to a decrease in production of around 25 percent.
The manufacturer blames the increase with the cost of raw materials such as ingots, which according to binding producers are carried out artificially by several furnace factories that they depend on the supply.
According to business people, from the past month there has been a comprehensive increase around the hospital.
5000 per ton in the ingot level which causes a price increase in the cost of fasteners that lead to a large dip on their margins.
In addition, the memos they use to sell from their factories are being purchased at lower prices by industrial furnaces because the margins of the binding manufacturer have fallen further.
This makes them deliberately slow down their production.
Bizmen now hopes that the next government in the state may consider their problems and resolve this problem.
According to Narinder Bhamra, President of the Fasteners of the Indian Association (FMAI) producer, “Ludhiana has the largest binder manufacturer base in this country and around 3000 to 5000 tons of fasteners produced here every day.
But for the past month we have to apply partial brakes to production at the factory We because the ingot level has risen by Rs.
5000 per ton in total and at the level of level around the hospital.
47,100 per ton.
It is very surprising that there is no basis for this increase because the cost of all the furnace industry input remains the same from the last few months but even then they leave In the future and increase prices rose only after the latest meeting of the furnace industry representatives recently with the chairman of the minister and other leaders.
“Bhamra also added,” We are clear on one thing that until the level of ingot is correct and reaches the level of around Rs.
40,000 to 42,000 per Tons, chances are we must limit further production.
Our hope is now pinned PA Da new government in the state because we hope that some strict laws need to be brought to ensure that small & medium micro industries (MSMEs) are not accelerated with the pretext of artificial price increases “according to Kuldeep Singh” according to Kuldeep Singh.
Secretary General of FMAI, “previous furnaces and rolling factories used to improve the ingot level in accordance with the level of memo and as a general trade practice of the conversion rate of ingots used to be rs.
6,000 per ton of more than a scrap which means if the pace of memo.
Is rs.
35,000 per ton Ingot rates are rs.
41,000 per ton.
But unfortunately the conversion rate has now been upgraded to RS.
7,000 per ton.
There is no basis for increasing conversion rates but due to monopolistic practices adopted by our furnace industry forced to buy ingots at high prices.
The only one The thing we can do now is to buy less quantity and reduce our production so as to reduce our losses “according to Atul Sethi, Vice President of FMAI,” In addition to a constant increase in the ingot level of other reasons for the slowdown in production including erratic power supply because of the factory -Brik cannot run smoothly, several factories Facing the lack of labor is getting worse.
So overall until now a gloomy production scenario for our industry and can only change when the ingot level normalizes.
“
Fastener Inc. wants the next government to complete raw materials, strength
