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Showing posts from November, 2024

The Art of Doing it Right

Estimated at USD 19.44 billion and expected to reach USD 30.11 billion by 2029, the Indian wire and cable market today prides itself on several homegrown majors who have emerged as leading global names, fulfilling the burgeoning diverse needs of the domestic market as well as catering to several major export destinations. The list of factors driving the market continues to grow, so does the product range available. Today, the objective of industry players is no longer merely setting up manufacturing units, rather to invest in technology, product innovation and developing the right strategy aligned with the constantly evolving market. In this backdrop, factors such as certification or regulatory compliance and sustainability, apart from quality, play a crucial role. The integration of these vital elements has also added a new dimension to how businesses should be operated.    Given the pace at which the industry is going as well as the flurry of major investments, it’s certain ...

The Stainless Glimmer

Steel serves as the foundation for industrial advancement and infrastructure, while tubes and pipes act as essential conduits. Among these, stainless tubes and pipes are favored due to their unique characteristics, including resistance to corrosion, longevity, and hygienic properties. This segment of the tube and pipe market has garnered attention as domestic manufacturers have persistently called on the government to implement anti-dumping measures to curb the influx of steel and stainless steel pipes from countries such as Vietnam, Thailand, and China. The long-anticipated anti-dumping duty has now come into effect, providing temporary relief to domestic producers. This moment should also be viewed as an opportunity for introspection regarding one's own deficiencies, as well as potential solutions to address them. We are currently navigating a period characterized by extended challenges and significant uncertainties, with the only certainty being economies bracing themselves for ...

The Titans Who have Wired it All Right

The evolution of the wire and cable industry, from Michael Faraday's groundbreaking experiments involving magnets and current-carrying wires to the transition from rubber to PVC for insulation, would astonish any keen observer. Over the years, the global wire and cable market has experienced substantial growth, driven by rapid urbanization, an increasing demand for renewable energy, and the rising need for smart grid technology. According to a report by Mordor Intelligence, the market is estimated at USD 228.42 billion in 2024 and is anticipated to grow to USD 298.53 billion by 2029. In India, the market is valued at USD 19.44 billion in 2024, with projections indicating it could rise to USD 30.11 billion by 2029. This can be attributed to several factors, including major government initiatives. The projections made by the Union Ministry of Housing and Urban Affairs maintain that India's urban population is expected to reach 600 million by 2030. This anticipated growth will dri...

Getting Future-Ready Today

Change is the only inevitable that time brings. Steam propelled the first Industrial Revolution; electricity ignited the second; advanced machinery engineered the third; and intelligent machinery and computers are shaping the Fourth Industrial Revolution (4IR). The 21st-century is of connectivity, advanced analytics, automation, and advanced-manufacturing technology that has been transforming global businesses for years.  Pulp and paper producers around the world face increasing pressure to improve sustainability while meeting higher production and quality demands. For decades, they have struggled to optimize individual processes and make them interact to identify results, such as how chemical recovery performance impacts fiberline production. Over the years, the industry has made immense progress on the technology front and the resource availability has changed. Having grown and adapted over the years, many mills have embraced 4IR.  It encompasses the need for automation of t...