Market News & Views, 22 April 2021 - Used Machinery Expo

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TM TM CUTTING AND WELDING EQUIPMENT EXPO TM INTERNATIONAL MACHINE TOOLS EXPO USED MACHINERY EXPO EXPO TM ENGINEERING AND MANUFACTURING EXPO TM EXPO TM GRAND BUSINESS CARNIVAL FOR METAL, MACHINERY AND MANUFACTURING INDUSTRIES 3-5 September 2021 Bombay Exhibition Centre, Mumbai, India April 22, 2021

Transcript of Market News & Views, 22 April 2021 - Used Machinery Expo

TMTM

CUTTING AND WELDING EQUIPMENT EXPO

TM

INTERNATIONAL MACHINE TOOLS EXPO USED MACHINERY EXPO

EXPO

TM

ENGINEERING AND MANUFACTURING EXPO

TM

EXPO

TM

GRAND BUSINESS CARNIVAL FOR METAL, MACHINERY AND MANUFACTURING INDUSTRIES

3-5 September 2021 Bombay Exhibition Centre, Mumbai, India

April 22, 2021

INDEX

INDUSTRY NEWS.............................................................................. 3 - 8

9 - 15

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18 - 21

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23 - 26

INDUSTRY UPDATES.........................................................................

NEW TECHNOLOGIES.........................................................................

PARTNERSHIP OPPORTUNITIES........................................................

MEDIA SPEAK....................................................................................

GRAND BUSINESS CARNIVAL FOR

METAL MACHINERY & MANUFACTURING INDUSTRY.........................

SOME LEADING COMPANIES AT THE EVENT........................................

INDUSTRY NEWS

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The government on Monday announced that every person above the age of 18 years will be eligible to be vaccinated against Covid-19 from May 1.The announcement, one of four significant shifts in the government’s vaccination policy, came at the end of a meeting chaired by Prime Minister Narendra Modi against the backdrop of a relentless surge in coronavirus cases.States have been given the authority to take a call to open vaccination to any category of people above the age of 18 — a shift from the current policy in which the central government decides on age-specific priority groups for vaccination.The decision came a day after former Prime Minister Manmohan Singh wrote to Modi on Monday, recommending that states be allowed greater flexibility in vaccine administration, to define categories of frontline workers for vaccination even if they were younger than 45 years, the current cut-off age.Second, states have been empowered to procure addit ional vaccine doses direct ly f rom manufactures. So far, the Centre has procured all supplies and distributed doses to states to vaccinate priority groups.Third, 50 per cent of the vaccine supply will now be made available directly in the open market and to state governments for the vaccination programme.Private hospitals will have to procure supplies of vaccines exclusively from the 50 per cent basket, and at prices determined by the manufacturers. “Manufacturers would transparently make an advance declaration of the price for 50 per cent supply that would be available to State

Governments and in open market, before May 1,” the Centre said.Also, the 50-50 division of supplies between the Government of India and “other than Government of India” channels would be applicable “uniformly across for all vaccines manufactured in the country”.This means that 50 per cent of supplies of both Covishield and Covaxin will be available in the open market.Fourth, the Centre has allowed imported, fully ready-to-use vaccines to be entirely utilised in the other-than-Government of India channel. This means that if and when pharma giants like Pfizer bring their vaccines to India, they can directly sell their entire supply in the open market at competitive prices.In the next phase, the Centre will allocate its share of 50 per cent to states based on the extent of infection (number of active Covid cases) and v a c c i n a t i o n p e r f o r m a n c e ( s p e e d o f administration). States are at present receiving vaccine doses based on demand (the number of registrations and walk-in vaccinations).“Wastage of vaccine will also be considered in this criteria and will affect the criteria negatively. Based on the above criteria, State-wise quota would be decided and communicated to the States adequately in advance,” the Centre said.“Vaccine manufacturers would supply 50% of their monthly Central Drugs Laboratory (CDL) released doses to Central Government and would be free to supply the remaining 50% doses to State Governments and in the open market,” it said.The Centre also underlined that vaccinations shall continue as before in “Government of India vaccination centres, provided free of cost” to the eligible population as defined earlier: Health Care Workers (HCWs), Front Line Workers (FLWs), and all people above 45 years of age.

It also said that the second dose of all existing priority groups, “wherever it has become due, would be given priority, for which a specific and focused strategy would be communicated to all stakeholders”.“India has been following a dynamic mapping model based on availability of vaccines & coverage of vulnerable priority groups to take decisions of when to open up vaccinations to other age-groups. A good amount of coverage of vulnerable groups is expected by April 30,” the Centre said.Monday’s decisions came as concern over the surge gained traction globally, and Britain announced that India was being added to its “red list” – banning all arrivals from this country except for UK or Irish nationals, who must pay to stay in a government-approved quarantine hotel for 10 days on their return.“In its Phase-III, the National Vaccine Strategy aims at liberalised vaccine pricing and scaling up of vaccine coverage. This would augment vaccine production as well as availability, incentivising vaccine manufacturers to rapidly ramp up their production as well as attract new vacc ine manufacture rs , domest ic and international. It would also make pricing, procurement, eligibility and administration of vaccines open and flexible, allowing all stakeholders the flexibility to customise to local needs and dynamic,” the Centre said on Monday.On opening up 50 per cent supplies to the open market, it said: “Private vaccination providers shall transparently declare their self-set vaccination price. The eligibility through this channel would be opened up to all adults, i.e., everyone above the age of 18.”

– The Indian Express

From May 1, vaccine for all above 18 years, 50% supplies to states and open market

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India vaccination crosses 100 million doses

India says it has become the "fastest country in the world" to administer more than 100 million doses of coronavirus vaccines, amid a deadly second wave of infections.It achieved the feat in 85 days, whereas the US took 89 days and China 102 days, the health ministry said.But the country reported a record daily increase of over 150,000 cases - and more than 800 new deaths - on Sunday.And there are reports the vast vaccination drive itself is struggling.

This week, half a dozen states reported a shortage of doses even as the federal government insisted that it had 40 million doses in stock and that the "allegations" of vaccine scarcity were "utterly baseless".The inoculation drive aims to cover 250 million people by July, but experts say the pace needs to pick up further to meet the target.Everyone aged over 45 is now eligible for jabs at vaccination centres and hospitals. Most doses have so far been given to frontline workers and the over-60s.How is the vaccine rollout going?Over 90 million people have received one dose, and over 11 million people have been fully vaccinated after receiving two doses.The country's drugs regulator has given the green light to two vaccines - one developed by AstraZeneca with Oxford University (Covishield) and one by Indian firm Bharat Biotech (Covaxin). Several other candidates are at different stages of trials.India launched its vaccination drive on 16 January, but it was limited to healthcare workers and frontline staff - a sanitation worker became the first Indian to receive the vaccine.From 1 March, the eligibility criteria was expanded to include people over 60 and those aged between 45 and 59 with other illnesses.The third phase, which began on 1 April, includes everyone above the age of 45.India also wants to scale up the drive quickly to stem the recent spike in cases. So it placed a temporary hold on a l l expor ts of AstraZeneca, which is being made by India's

largest vaccine manufacturer, the Serum Institute of India (SII).The vaccine maker recently said its production capacity was "very stressed" and that it was "still short of being able to supply to every Indian".Serum says it has been providing 65-70 million doses every month to India, and exported nearly an equal amount since it began production early this year.The firm was aiming to boost production to 100 million doses a month. Now it says it would not be able to meet that target before the end of June because of time taken to repair damages from a fire at its facilities in the western city of Pune in January.Experts believe India should ramp up vaccination in areas of high transmission and in five states where elections are being held.Bhramar Mukherjee, a biostatistician at the University of Michigan, told the BBC that India needed to administer 10 million shots daily "instead of being complacent with three million" doses a day."I do feel frustrated that India did not roll out the vaccination drive more aggressively while the curve was in its valley," Dr Mukherjee said.How does India manage such a huge vaccination drive?For decades now, the country has been running one of the world's largestimmunisation programmes that vaccinate tens of millions, including newborns and pregnant women, against various diseases.So experts believed India was well-prepared for the challenge. But the uptake has been

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slow because of vaccine scepticism as well as a lack of awareness among the poor or in rural areas.Many of the poor have little information on how to register themselves and access the vaccine free of cost. Eligible people can now book their jabs online or walk in and register at vaccination centres.Who is paying for the vaccines?Vaccination is voluntary. State-run clinics and hospitals are offering free jabs, but people can also pay 250 rupees ($3.4; £2.4) a dose at private facilities.Starting 11 April, people can get paid jabs at private and state-run workplaces.The government is spending around $5bn to provide free doses at state-run clinics, public health centres and hospitals.

– BBC News

dose of $14.70 than the $19.50 in the US. The Pfizer vaccine is the only major global vaccine that did not receive funding under Washington’s Operation Warpspeed.On the other hand, the Moderna vaccine’s development was subsidised by the US government and so it will cost the US about $15 a dose, while the EU is paying $18 per dose, according to BMJ data.From all available accounts, India did not invest “at-risk” in SII and its first commercial agreement on vaccine offtake only came in mid-January 2021. And thepricing of Covishield is a factor in SII’s struggles to keep up with demand as the private, unlisted firm has committed to deliveries under AZ’s deals and through multilateral arrangements such as COVAX.SII has now sought “roughly” Rs 3,000 crore from the government to expand its “very stressed” capacity, SII CEO Adar Poonawalla told NDTV. “The globe needs this vaccine and we are prioritizing the needs of India…we’re still short of being able to supply to every Indian that needs it,” he said.“At the moment, the price (Rs 150 per dose) that is set is profitable. However, it is not profitable enough to re-invest substantially in building capacity, innovating new vaccines — including the new variants that we may need to develop and make and go into clinical trials and other things,” he added.Bharat Biotech’s Covaxin, where the government has a participation through the Indian Council of Medical Research (ICMR), has been faltering in scaling up supplies, despite ironically being allowed to price the vaccine higher than Covishield when the

THE Centre may have opened the regulatory door to a set of vaccines from overseas but how it works its pricing and procurement strategy could be key to their entry and rollout.For most nations, the vaccine rollout adheres to one simple maxim: countries that invested “at risk” before the products cleared regulatory scrutiny ended up extracting a better pricing deal from manufacturers in the end. So far, India, with the world’s biggest vaccine manufacturing base, seems to be the only exception.The NDA government is learnt to have negotiated the cost of Covishield — Serum Institute of India’s (SII) version of the AstraZeneca-University of Oxford vaccine — to Rs 150 plus GST, or around $2.02, per dose. This is lower than the $2.15 at which AZ is supplying to the European Union, which invested $399 million “at risk” in AstraZeneca way back in August 2020, in return for 400 million doses of its vaccine.The UK, which had a smaller investment commitment to AZ, was expected to pay about $3 per dose and the US has been offered the vaccine at $4 per dose, according to data compiled by British Medical Journal. Others such as South Africa had initially been paying upwards of $5 per dose before the government decided to discontinue its use over poor performance against a dominant mutant strain in the country.For the Pfizer vaccine, too, similar forces were at play. The EU financially supported its development and secured a lower price per

Door for global vaccines opens but pricing strategy could be key to entry

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government first procured around 16.5 million doses for healthcare and frontline workers in January.The Hyderabad-based company announced in January that it was aiming to achieve an annual production capacity of around 700 million doses across four facilities–three in Hyderabad and one in Bengaluru–this year.Un l i ke S I I , Bhara t B io tech had not manufactured high volumes of its vaccine at-r isk before its restricted emergency approvals and, therefore, had around 20 million doses in stock for the Indian market to start with.By March, the company managed an annual capacity of around 150 million doses, according to a report tabled in the Rajya Sabha. It has now reportedly sought Rs 150 crore in funds from the government to scale up production in Hyderabad and begin production at Bengaluru amid increasing demand.Some industry executives earlier raised issues related to the lack of risk-sharing from

the government “in a substantial way” and little clarity about how many doses of vaccines companies manufacturing at risk could expect to supply to the country.“There is an issue when it comes to at-risk manufacturing. Normally, you wouldn’t make the vaccine until it is licenced, but in this case, everybody agrees that you need to make it early enough so that as soon as you get licenced, you have the capacity to deliver the product ,” an executive of a vaccine manufacturing company told The Indian Express.If the government had said it would “definitely” buy a certain number of doses, manufacturers would be “very comfortable” in making investment decisions to do at-risk manufacturing, the person had said.Even as Budget FY22 allocated Rs 35,000 crore to vaccination, there is no clarity on what vaccine makers would bet from this corpus in lieu of “below cost” supplies. Around Rs 900 crore had been allocated last year by the Centre but towards accelerating the development of five to six Covid vaccine candidates. Of this, Rs 180 crore was released to the Biotechnology Industry Research Assistance Council (BIRAC), as per a Rajya Sabha report but its details are not available.Not all “at risk” investments yielded results, like the EU’s funding support of Sanofi since the vaccine did not materialise. The Johnson & Johnson vaccine costs the EU $8.50, with each dose going twice as far as the other brands, since it is a single-shot vaccine.

– The Indian Express

Minister MSME Shri Nitin Gadkari assured EEMA to address matter in fast-track mode in the long-awaited meeting on 7th April, 2021

Minister of Road Transport & Highways, Micro, Small & Medium Enterprises, Shri Nitin Gadkari and the Event Industry Apex body EEMA met to discuss several issues faced by the Event and Entertainment sector. Event & Enter tainment Industry body EEMA’s Government interaction committee led by its Executive Vice President Samit Garg along with Treasurer EEMA Major KJS Gurna, Zonal Vice President (North) Prerana Saxena and principal member EEMA Rajeev Jain called upon the long-awaited meeting with Minister Ni t in Gadkar i and ta lked about the performance of the sector.The Event & Entertainment sector which saw massive impact due to the covid pandemic had now just started to see some green shoots before getting hit again due to the surging covid cases. The meeting also discussed the long-awaited Industry Status for the event businesses and the industry leaders have urged the Government to bring the policy as soon as possible to recognize the industry for strengthening the sector.

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The other points of discussions included: Listing of Event Management as an

exclusive category in the MSME NIC code list under Udyam Registration.

Providing focused MSME guidelines and s c h e m e s f o r t h e E v e n t i n d u s t r y businesses.

Schemes offering working capital with collaterals at low and affordable interest rates for the sustainability and growth of the event industry.

Fast track clearances of Government dues under the MSME Samadhaan – Delayed Payment Monitoring System.

Minister MSME Nitin Gadkari assured EEMA that all the matters wil l be discussed, and actions will be taken soon.

Roshan Abbas, President, EEMA said, “EEMA has been working to make the government realize the value of what we do. And Shri Gadkari had promised to address our issues last at the EEMA Summit. We are glad he took time to understand the issue and has assured us of help. Now is the perfect time for event managers to join EEMA and strengthen us further.”Adding to this, Samit Garg, Executive Vice President, EEMA said, “It was extremely encouraging to see the immediate response of the Hon’ble Minister and how he got the concerned office bearers together in no time to listen to us and address our requests. It was a day well spent between his residence and Udyog Bhawan and we are very upbeat about the expected outcome.”

– Exhibition Showcase

The reimposition of virus management measures following a surge in Covid infections will dent economic activity and could hurt market and consumer sentiment, rating agency Moody’s said, warning of a threat to recovery. However, targeted containment measures, versus last year’s complete lockdown, and rapid vaccination will soften the hit on the economy, it said in a report released Monday.The rating agency sees vaccination as the key tool to manage the second wave, but warned that shortages could slowinoculation drive.

Moody’s retained its forecast of double-digit growth in India’s gross domestic product (GDP) for FY22. In February, Moody’s had revised India’s FY22 growth outlook to 13.7% from 10.8% est imated ear l ier whi le maintaining sovereign credit rating at Baa3 (negative), the lowest investment grade rating.“The announced countermeasures to combat the second wave — some of which are due to remain in place at least until the end of April — risk weakening the economic recovery,” Moody’s Investor Service said in the report headlined ‘Second wave of coronavirus infections poses credit-negative threat to economic recovery.’India has been reporting a record increase in Covid-19 infections with the daily case count nearing twice the highs reached inSeptember last year.“However, given the focus on ‘micro-containment zones’ to deal with the current wave of infections, as opposed to anationwide lockdown, we expect that the impact on economic activity will be less severe than that seen in 2020,” the report said.India’s relatively low Covid-19 death count at 170,179 as of Monday, younger population and progress on vaccination will mitigate the credit-negative impact, it said. Taking these into account, India’s GDP was still expected to grow in double digits, given the low level of activity in 2020, Moody’s said. It has estimated a 7% contraction in FY21.Japanese brokerage Nomura recently tempered its FY22 growth expectations for the Indian economy to 12.6% from 13.5% on

Indian economy may clock double-digit growth in 2021: Moody's

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account of the disruptions caused by the second Covid wave.Moody’s noted that one of India’s most populous states and centres of economic activity, Maharashtra, went back into partial lockdown while other major states such as Uttar Pradesh, Karnataka and Delhi also recorded a sharp rise in cases.Retail and recreation activity across India had dropped by 25% as of April 7, compared with February 24, according to Google mobility data.

– The Economic Times

India’s Covid-19 cases are flaring up sharply. Although there are no clear answers behind the surge, but top scientists have cited three reasons.1) The complex interplay of mutant strainsIn late March, the National Centre for Disease Control (NCDC) announced that a new variant had been identified in samples of saliva taken from people in Maharashtra, Delhi and Punjab. The genome sequencing carried out by Indian SARS-CoV-2Consortium on Genomics (INSACOG)identified two important mutations in the variant dubbed as “double mutant".“A new double mutant has emerged in India and is reported in 15-20 per cent of cases analysed from Maharashtra. If this percentage goes up further, it would be a clear indication of its role in theMaharashtra surge," virologist Shahid Jameel told news agency PTI.2) Lowering of guardVirologists Shahid Jameel and T Jacob John

are agreed that not following COVID-19 protocol is also on of the reasons. The fact that people lowered the guard and didn’t follow Covid protocols after the first wave was over is “certainly one valid explanation" for the surge, Jameel said.“Everything opening up to pre-Covid levels and behaviour that was no longer risk-averse exposed the susceptible population in a big way. A new factor is emerging mutants -- both imported and homegrown," the eminent virologist added.“The two factors came together and we were leaderless in response at the critical time. The speed of spread in the second wave is twice as fast as in the first wave. Partly due to variants and partly lowering of the guard," John explained.3) Vaccination DriveTalking about the vaccination drive, Jameel said the government needs to speed it up. “For various reasons, those eligible, including healthcare and frontline workers, were hesitant to get vaccines. Those above 60 also did not show enough eagerness even though cases had started going up by early March. Now we are on a very fast rising curve with only 0.7 per cent Indians having received both doses and only about 5 per cent having received one dose. That is too low to make an impact," said Jameel.

- Mint

Top Scientists identify 3 reasons behind the Covid 19 surge in India

INDUSTRY UPDATES

Steelmaker Tata Steel NSE -0.25 % along with its subsidiaries Tata Steel BSL Ltd and Tata Steel Long Products and JSW Steel NSE -0.58 %’s recently acquired company Bhushan Steel NSE -0.78 % and Power Ltd have joined the Indian Steel Association.“The re-entry of 3 members of the TATA Group and Bhushan Power & Steel Ltd to ISA, once again strengthens the vision of taking forward the Indian steel industry as a global leader for its quality, productivity, and competitiveness,” the ISA said in a press note, during the apex committee meeting on Thursday.Tata Steel’s managing director T.V. Narendran was the former president of ISA and in May 2020, the company left the ISA owing to some mining policy differences.

Sources said that the ISA’s stand on the government’s proposal to remove the distinction between captive and merchant mining besides reducing the lease term of captive mines to 2025 from 2030, was different from that of Tata Steel’s managing director Narendran.“We are pleased to have TATA Steel, along with Tata BSL Ltd and Tata Steel Long Products, as well as Bhushan Power & Steel Ltd. back with us as part of ISA,” said Dilip Oommen, President, Indian SteelAssociation and the CEO of ArcelorMittal Nippon Steel.ISA over the years has played a pivotal role in addressing and resolving critical issues that impact our industry, and we are confident of building our collective voice and going from strength to strength, Oommen added.

– The Economic Times

Steelmaker, Tata Steel NSE -0.25 % has reported a 16% jump in sales at 4.67 million tonnes during the last quarter of FY 21, with crude steel production flat at 4.75 million tonnes.Tata Steel India NSE 1.74 % reported an annual sales volume of 17.30 million tonnes in FY21, up by 1% year on year(yoy). The company’s annual production came down by 7% to 16.93 million tonnes in FY 21 as against 18.20 in FY 20.“Full-year FY21 production was lower by 7%

yoy primarily due to the disruption caused by COVID-19 pandemic during the first half of FY 21,” the company said in a media statement on Tuesday, adding that the company remains focused on managing costs and cash flows while pursuing deleveraging.The company reported a crude steel production of 4.73 million tonnes during the same period of Q4, last year. Out of the total sales in Q4 at 4.67 million tonnes, exports were at 11%.“Domestic deliveries increased 22% yoy to 4.17 mil l ion tonnes on the back of company’s robust marketing network and improved market conditions,” the company’s statement said.As per Tata Steel, automotive & special products segment sales grew by 13% quarter-on-quarter (QoQ) and 57% yoy to 0.78 million tonnes in Q4 of FY21. Full-year FY21 sales volume crossed 2 million tonnes, registering a 7% YoY growth.Branded products & retai l segment deliveries grew 3% QoQ and 23% yoy to 1.45 million tonnes Q4 of FY21. Industrial products & projects’ segment deliveries grew by 11% yoy to 1.59 million tonnes.During the quarter, steel production at Tata Steel Europe increased to 2.65 mn tons. Steel sales volume rose by 18%QoQ and 4%YoY.“Steel production and sales volume for FY21 were lower at Tata Steel Europe on YoY basis due to the impact of the pandemic,” the company said in its statement.

– The Economic Times

Tata Steel and JSW Steel’s BPSL join the Indian Steel Association

Tata Steel records a 16% rise in sales at 4.67 million tonnes in Q4 of FY 21

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In an effort to become more sustainable in its machining practices, Seco Tools has partnered with Fusion Coolant Systems (Fusion), which offers an environmentally-friendly coolant technology that can lower overall carbon footprint while increasing overall performance. Both companies have a goal to make machining easier and more effective for manufacturing leaders and engineers, while maintaining environmental awareness, making this partnership a perfect match.“We’ve had a working relationship with Fusion Coolant Systems for many years; from the inception of the technology when they developed it years ago. We’ve worked on multiple customer projects and had heavy interaction on the R&D side to come up with solutions that help solve customer issues. So, it really was just a natural transition to formalize this partnership,” said Rob Keenan,

President of Seco Tools, North America. “It’s about providing complete solutions and we feel strongly that Fusion has a state-of-the-art solution that’s going to help medical customers, especially, in their medical device manufacturing processes.”As part of the upcoming medical-focused Inspiration through Innovation (ITI) event, both Rob Keenan and Brian Ahlborn, CEO of Fusion Coolant Systems, will be on a virtual panel to discuss this partnership and how it can greatly benefit medical machining engineers.“There is so much innovation in the medical sector, including a strong migration towards additive manufacturing. Fusion’s Pure-Cut™ solution allows for dry, or near-drymachining, while improving operating efficiencies,” said Brian Ahlborn. “The Seco team has worked to exploit this technology in their tooling on applications that have now been running for several years in several industries. Our relationship has grown naturally, helping customers solve complex problems.”Medical ITI 2021 will showcase collaborative solut ions to common chal lenges in machining orthopedic parts, complemented by a seminar program addressing the big issues facing the medical manufacturing segment. Registration for MedicalInspiration through Innovation 2021 is now open. Join the virtual event April 21-22 to learn more about all that Seco Tools and Fusion Coolant Systems have in store for the future of medical manufacturing. Visit the event website for more information and to register:

https://event.secotools.com/MedicalITI2021With its origins in Fagersta, Sweden and present in more than 75 countries, Seco Tools is a leading global solution provider of metal cutting solutions for indexable milling, solid milling, turning, holemaking, threading and tooling systems. With the hands-on application advice of Seco Tools, the company drives excellence for more than 80 years throughout the entire manufacturing process of manufacturers by ensuring high-precision machining and high-quality output.

– Machine Tools WorldSeco Tools to partner with Fusion Coolant Systems to drive forward corporate environmental sustainability efforts

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Kennametal has introduced the FBX drill for flat-bottom drilling of structural aerospace parts. The patented FBX drill delivers superior stability and up to 200 percent higher metal removal rates when machining hightemperature alloys, stainless steel, and other materials. The new modular drill is the critical first step in a three-part toolingconcept—including the HARVI™ Ultra 8X and the HARVI™ end mill series—specifically designed by Kennametal to decrease cycle time for these types of applications.Quickly removing large amounts of material remains a challenge for these types of components. Traditionally, the first process step is to enter the material by using ramping techniques. This is a time-consuming process and low metal removal rates are the norm.“The FBX drill dramatically speeds up the machining process by combining the advantages of a flat bottom drill and a z-axis plunge mill. The flat bottom design eliminates radial forces while four effective cutting edges provide increased feed and speed rates, leading to up to 200 percent higher metal removal rates than traditional ramping techniques and freeing up capacity for aerospace manufacturers,” says Georg Roth, Product Manager, Kennametal.Once the drill has shaped the basic structure of the component, roughing and finishing with indexable and solid end mills are the next process steps.Unique Design FeaturesFour effective cutting edges provide stability in challenging applications like chain hole

drilling, while large chip flutes ensure a hassle-free chip evacuation. Supported by a series of exchangeable coolant nozzles to help eliminate heat buildup, the drill point is characterized by a center insert with two effective cutting edges and chip splitters for maximum feed capabilities. The drill bodies are available in diameters 60, 75, and 90mm, and come in a long and short version (150mm and 95mm). This modular drill connects to Kennametal’s bolt taper flange (BTF) mount adapters, available in various spindle connection styles.Versatility and Performance in One ToolThe FBX is ideally suited for drilling into solid, chain hole drilling and plunging in a variety of materials such as high temperature alloys, stainless steel, and steels and cast irons. It is equally as versatile and high performing in similar applications for the general engineering and power generation markets.

– Machine Tools World

WIDIA™ announced the release of a new MS geometry insert for the brand´s best-selling TOP DRILL™ Modular X (TDMX) drill. With the MS geometry expansion, the TDMX platform now offers three material-specific inserts, broadening the platform´s application capabilities to include inclined entry and exit, stacked plates and cross-hole drilling in stainless steel, super alloys, steel and cast iron materials.“The launch of the MS geometry insert for our TDMX portfolio gives customers a versatile tool for multiple workpiece materials and applications,” said Ashokkumar D., WIDIA Global Portfolio Manager. “This new MS geometry is designed to perform in different types of stainless steels and super alloys making it an ideal choice for customers looking for excellent stability and reliability in general engineering and energy machiningoperations.”In a recent customer test, the TDMX body, paired with the new MS geometry insert, achieved a 60 percent increase in tool life versus competing solutions whilemachining a 13-8 Hyper Chrome 110 KSI workpiece material at 3XD with a cutting speed of 75m/min.The MS geometry insert for the TDMX modular drill platform provides increased stability when drilling stainless steels and super alloys.The drill’s “X”-shaped pocket, and tapered

Kennametal introduces the FBX drill for faster aerospace machining

WIDIA Expands TOP DRILL™ Modular X (TDMX) Drill Platform to Machine Stainless Steel and Super Alloys

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seat provide stability in challengingapplications while making it easy to change out the insert without disassembling the body from the holder. These key design features reduce unstable cutting conditions experienced with other drills commonly available in the market today, while enabling higher penetration rates and reducing overall machine set up times and costs.All three inserts can be reground to extend the life of the tool. TDMX is available in both imperial and metric sizes in 1.5xD, 3xD, 5xD, 8xD, 12xD and diameter ranges 16 to 40 mm. Orders for the TDMX and MS geometry insert as well as other WIDIA metal cutting tooling can be placed through WIDIA authorized distribution partners.

– Machine Tools World

The aerospace industry is calling for the government to intervene to secure the supply of specialist steel products it relies on, amid struggles for funding for Liberty Steel. Liberty Steel’s owner, Sanjeev Gupta, is urgently seeking finance after the collapse of Greensill Capital, previously its key lender. Liberty Steel is the UK’s third-largest steelmaker, with about 3,500 workers, while Gupta’s broader GFG metals empire employs about 35,000 people worldwide. ADS Group, which represents aerospace and defence companies including Airbus and Rolls-Royce, said its members were particularly concerned with maintaining supply from two Liberty Steel sites in Rotherham and Stocksbridge. The two plants, both in South Yorkshire, produce high-strength steel that is resistant to corrosion, making it a key material for jet engines, landing gear and other parts such as the propellers on smaller aircraft. Kevin Craven, ADS’s interim chief executive, has written to Kwasi Kwarteng, the business secretary, asking for his “urgent intervention to resolve the situation” before shortages and increased costs hit, according to a copy of the letter seen by the Guardian. “There are very few alternative sources worldwide for these types of aerospace steel and capacity is limited,” the letter said. “A significant problem with availability of these special ist steels is therefore anticipated once stock is consumed.”

Companies had provided steel suppliers including Liberty with customer guarantees, giving earlier notice of orders and speeding payment for products, ADS said. The letter was first reported by Sky News. Rolls-Royce, the jet engine manufacturer, has put in a bulk order to Liberty Steel to give it enough steel to last it until the end of the

Aerospace body urges government to secure Liberty Steel supply

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consumer sentiment."The COVID-19 situation deterioration is obviously a negative for customer sentiment and thus has a negative impact on sales," MSI Executive Director (Sales and Marketing) Shashank Srivastava told when asked about the impact of second wave of the pandemic on the company's sales.Lockdowns make it physically not possible to deliver cars but even the deterioration in COVID-19 situation without lockdown also psychologically dents consumer propensity to buy, he noted.Similarly, Toyota Kirloskar Motor (TKM) Senior V ice Pres ident Naveen Soni acknowledged that localised restrictions have impacted order flow and delivery schedules."We will be able access trends and define numbers only by the end of the month depending on the severity and extension of the restrictions. As of date, we have had a good number of pending orders that had to be carried forward from the month of February and March to April. Therefore, we are striving to meet the customer demand in spite of the local restrictions and lockdowns," he noted.On manufacturing operations, Soni said the company continues to cautiously proceed with vehicle production."Our immediate focus is to fasten and st reaml ine the demand and supply processes with more accuracy and manage production, along with faster deliveries making it easier and convenient for customers by reducing the delivery time," he added.

Automakers fear dent in sales as COVID-19 cases surge in India

Leading automobile companies like Maruti Suzuki India NSE 1.14 % (MSI), Toyota Kirloskar Motor and Honda Cars fear dent in sales as COVID-19 cases surged across the country. The country's largest carmaker MSI stated that the auto sales were correlated closely with economic growth and also (being a discretionary purchase) with the

year. The order allowed the company to restart production at Rotherham, according to union sources, after workers were furloughed to save cash. Kwarteng has indicated that the government is considering options to step in to save Liberty Steel if it falls intoadministration or liquidation. On Tuesday, he said he was “very keen to see that these assets, which are good assets, continue to operate”. However, Kwarteng has already turned down a request for a £170m loan from Gupta, citing concerns about Liberty’sopaque corporate structure. There are also concerns about the governance of the company, with questions raised over loans made by Greensill that were tied to invoices for “prospective” work with companies that did not have a relationship with Liberty. Accounts for the Liberty subsidiaries which hold key UK plants are overdue. Liberty is also trying to see off legal action by Credit Suisse, a bank that backed Greensill, to wind up some of its operations in the UK and Australia. ADS said: “We are in discussions with our members over any potential implications to our industries in the event that supplies from Liberty Steel were disrupted. All discussions are commercially confidential.“It is in the interest of our industries for a solution to be found that ensures continuity of production at Liberty’s steelworks.”

– Metal Junction

US steel capacity utilization at 77.6% Steel producers willing to pay premium prices to secure higher-grade iron ore: report

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US steel sector capacity utilization fell to 77.6% last week; US import prices rose in March; and the WTI crude price continues to hang steady. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. US steel sector capacity utilization reaches 77.6%US steel sector capacity utilization dipped to 77.6% for the week ending April 10, the American Iron and Steel Institute reported. Capacity utilization fell from 77.9% the previous week. Production during the week ending April 10 totaled 1.76 million net tons, or up 42% year over year. The total fell by 0.3% from the previous week.

– Metal Junction

High-grade iron ore will increasingly become a sought-after product for steel mills as they strive to achieve higher quality production with fewer environmental emissions that can affect human health. A growing segment of the global iron ore market, high-grade iron ore with an iron (Fe) content above 63.5 per cent is set to expand by 17.5 per cent over the decade of the 2020s. This is according to Fastmarkets, a specialist price reporting agency for steel raw materials including iron ore, that publishes highly regarded pricinginformation and analysis on commodities markets. “Around 2.5 billion tonnes of iron ore is mined and the seaborne market is about 1.45 billion tonnes, of which about 540 million tonnes is defined as high grade iron ore (definition, that is over 63.5% Fe),” Fastmarkets iron ore expert, Brian Levich, director of consultancy and special projects told Stockhead. “This rises to around 634 million tonnes by 2030,” said Levich of the high-grade iron ore sector. Fastmarkets has produced an in-depth report, ‘Understanding the high-grade iron ore market’, that takes a deep dive into the iron ore sector and its pricing dynamics.

– Metal Junction

Well-being of the employees as well as dealer and supplier staff are sacrosanct and the automaker has already reintroduced monitoring systems which were in place including submission of a self-declaration health form, Soni said."As responsible corporates, we arecontinuously monitoring the situation carefully and will take accurate actions, as and when required. More importantly, this time we have precious lessons from last year to learn, unlearn and reflect upon," he noted.Honda Cars India said it is keeping a close look at the emerging situation."Lockdown and weekend curfews will impact sales as showrooms will be shut in some of the markets. We are currently assessing and taking feedback from various cities about its extent," Honda Cars India Senior Vice President and Director (Marketing and Sales) Rajesh Goel noted.India's total tally of COVID-19 cases crossed the 1.50 crore mark on Monday with a record single-day rise of 2,73,810 new coronavirus infections, while the active cases surpassed the 19-lakh mark.The total tally of COVID-19 cases has mounted to 1,50,61,919 and the death toll increased to 1,78,769 with a record 1,619 daily new fatalities.Registering a steady increase for the 40th day in a row, the active cases have increased to 19,29,329 comprising 12.81 per cent of the total infections, while the national COVID-19 recovery rate has dropped to 86 per cent.

– The Economic Times

15

Bielefeld // Today starts the CIMT in Beijing – the most important industry trade fair in Asia. The ideal place and time to announce expansion plans in this world’s largest market for machine tools: Already this year, DMG MORI plans to start construction of a 35,000 m2, highly automated and consistently digitized production plant for 5-axis milling machines in Pinghu near Shanghai.“We are building the world’s most modern production plant in Pinghu for € 75 million and are showing the full potential of our holistic technology solutions: flexible automation, end-to-end digitization, cutting-edge flow assembly with AGVs for 5-axis milling machines”, says Christian Thönes, Chairman of the Executive Board of DMG MORI AKTIENGESELLSCHAFT.“Made in China – for China”: with this goal and a high level of value added depth, DMG MORI produces 5-axis milling machines of the DMU series. The state-of-the-art production is aligned to an annual capacity of over 2,200 machines. The new site covers a total area of 70,000 m². The Grand Opening of DMG MORI Pinghu Manufacturing Solutions is scheduled for the end of 2022. Pinghu is located in the middle of the Yangtze River Delta – one of the most dynamic economic zones in China – and has developed rapidly in terms of economy and t e c h n o l o g y d u e t o i t s g e o g ra p h i c a l advantages.Just in September 2020, DMG MORI put into operation the new monoBLOCK Excellence Factory in Pfronten with 36 AGV transport systems (“Automated Guided Vehicles”). The

value chain powered by the “no-code” platform TULIP, which is developed and completely digitized by the company’s own employees, will now also be used in China.The high demand for machine tools in this fast-growing market is currently serviced by more than 500 employees. In addition to the technology center in Shanghai and production plant in Tianjin, there are eight sales and service companies (Beijing, Shenyang, Chongqing, Xi’an, Shanghai, Ningbo, Suzhou, Shenzhen). The new investment of around € 75 million underlines DMG MORI’s growth plans in China.

– Machine Tools World

ELGi Compressors Europe (subsidiary of Elgi Equipments Ltd), partners with Italian Red Cross to meet an urgent compressed air demand. In line with the company’s corporate phi lanthropic approach , ELGi Europe responded with a charitable contribution of an air compressor package for one of Italy’s Red Cross logistic hubs. The Red Cross Polo Logistica Valle di Susa site is a critical logistics hub that provides emergency services, medicine delivery, transport, and meal support, for vulnerable people in the Greater Turin region.The EN Series compressed air system provided by the company is used to power tools. With its small footprint, high reliability and low maintenance requirements, these compressors are ideal for a wide range of industrial applications where size, efficiency,

DMG MORI strengthens presence in China with highly automated and fully digitized production plant

ELGi Partners Italian Red Cross to Maintain Critical COVID-19 Response Vehicles

and cost are important. It is also used to support the maintenance of Red Cross logistics fleet / vehicles, which support the Italian Health and Emergency services and make essential medical deliveries as part of the country’s COVID-19 response.On the company’s extended support amidst the pandemic to enhance operational capacity at the logistic centre, Michele Belmondo, Site Manager, Red Cross Bussoleno, said “ELGi responded immediately, visited our Centre, analysed our compressed air needs and within days, provided not just an air compressor, but a complete system including a tank and dryer.”Responding with a solution to the frontline of Italy’s health services during the COVID-19 emergency, Graziano Dal Tio, Regional Manager, ELGi Southern Europe, asserted, “After the initial visit, we were able to specify, deliver and install an EN Series Air Station in a matter of days. The offered air station comprised of a receiver and fridge dryer which made it plug and play, enabling high reliability, ease of maintenance and a small footprint. Definitely an ideal compressed air system solution for the Red Cross - Polo Logistico Centre.”Expressing gratitude for the opportunity to support the Italian Red Cross for the local community during the challenging times, Chris Ringlstetter, President, ELGi Europe, added, “At ELGi Compressors Europe, we aspire to be ‘Always Better’ in everything we do – and this includes building long-lasting partnerships with our employees, customers, channel partners and the local communities where we operate.”

– Modern Manufacturing India

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MEDIA SPEAK

Worldwide, the steel industry has been passing through a different time. You see after the lockdown was lifted, the entire world started working to recover their losses. Europe was down for four to five months, the American industry was also down for three to four months, so is the steel industry in Korea, Japan and also in other South-Eastern Asian

countries. China was down in the month of December, January and February, but from March they started seeing V-shape recovery. This is what India needs to do now. India was also down in the first quarter April, May, June and part of the second quarter. But we have seen good recovery in demand, as well as in overall consumption from September onwards.The entire world is working on how to make up for the losses. This is the reason, be it large organisations, or the small-scale industry, MSMEs, automotive, infrastructure companies, everybody wants to recover their losses – what they lost during pandemic or during lockdown. That has created a shortage of metals, steel and many other items worldwide. Over and above the shipping costs have gone up. All other consumables, all the input costs have gone up. It is not only steel; be it copper, aluminium, building material products, wood, plywood, laminates, everything has gone up.This is the reason today the world is seeing a great inflation and it will take two years’ time to cool down. This is a real demand, not a hoarding. This is a true demand and most of t h e d e m a n d i s c o m i n g f r o m t h e infrastructure companies, as well as from major OEMs.The fact that you have posted a 37% jump in the fourth quarter is testament to the strong demand in India for steel. However, could the resurgence in COVID cases put that demand momentum on hold?If you see JSPL’s track record in April, May

and June, we did export about 80% to 85% of our total produce and we are geared up to export again if the situation persists. But at the moment, I personally feel that this kind of situation will not come because countries already have vaccines and Government of India has already allowed all 45-plus people to get vaccines, which is a great relief. Within next six to eight weeks’ time we will find that the overall number of patients or number of infected people will be reduced and countries will not face any further lockdown.It will be most unfortunate if the country faces lockdown and I feel that situation will not come. Yes, in Maharashtra it is quite alarming. But Government of Maharashtra is taking due care and so is the central government. The knowledge to handle COVID and knowledge to find the means are much more available now than what we had a year back. So, we are now educated enough. We can handle it. We can control it and we can definitely treat it.You posted a highest ever steel production and sales with 100% capacity utilised. What is the room for value momentum in FY22 capex plans?We have reached to a level of 7.5 million tonne now and last year we were at 6.3 million tonne. Last to last financial year we were at 5.5 million tonne. So, a journey from 5.5 million tonne to 6.3 and then finally 6.3 to 7.5 million tonne is a growth of around 18% and sales growth is above 20%. As far as the room is concerned, for further extension or further increase in production, without spending or putting any capex, we feel that

JSPL has room for growth despite record production, sales in FY21: VR Sharma, MD Steel prices are strong as ever, but tell us what kind of realisations have you been seeing, on long products especially? Have we seen a full recovery from the February blip?

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we will be in a position to deliver about 9 million tonne from our plants and that is the ultimate goal. This is what I can say today. We still have room for 1.5 million tonne.Hopefully the current financial year we will touch 9 million tonne. If you see our production in the last quarter, it is 2.07 million tonne. If you multiply it by 4 – 4 quarters – then we are already at 8.35-8.4 million tonne. With little changes in the system, in the product mix and in the overall strategy, we will be in a position to reach to 9 million tonne. This is what we are expecting in the year 21-22.Has bringing down debt to the 15,000-crore mark been a continued priority and when do you aim to do this by?It is not too far away now. In the last month (March), we did a sale of 5,300 crore and collections – that is money flowing into the company – 5,150 crores. So, if we repeat it 12 times in a year, then we will cross 60,000 crores. But let us not be too bullish.I am working on a strategy: 15, 15 and 50. That is 50,000 crores of our total sales turnover which I am sure we will get in 2021-22, and the other is 15,000 crore of EBITDA. I am very confident that we will achieve 15,000 crore EBITDA in the year 2021-22. The next is how to bring down the overall debt on JSPL to a level below 15,000 crore. This is also very much in line.We have aligned ourselves to find out the ways and to chart out the roadmap as to how to do this 15, 15, 50. If this happens, and this is going to happen, we become amongst top 10 companies in the country in terms of

overall ratios, overall debt level and the profitability level. This is what our aim is – to become top 10 industry, top 10 companies in the country across all sectors, not only in steel.Is the price at which you are procuring iron ore from OMC lower? Is this cushioning some of the iron ore price surge for you?What is happening today is that the whole world is back. Be it iron ore, scrap, HBI, DRI, pig iron, all metals, ferroalloys. And each and every consumer, customer, steel mill or any other metal industry is buying more. Why are they buying more? They are not hoarding or stocking, each and everybody is consuming. This means there is demand.You are seeing that Rs 1,23,500 crore in the GST collection in the last month. That is very positive news. We feel that GST must reach to a level of Rs 1,50,000 crores in the month of May. This shows that there is huge demand. It is not only pent-up demand. This is realistic demand and will definitely increase the input costs because it is a chain, it is a cycle. When the consumers go and buy steel, then the complete value chain behind and the value chain downwards is always affected and we cannot control it. The whole world cannot control it.We have seen what has happened in the Suez Canal. For two weeks the entire world came to a halt and trillions of dollars of the total volumes were stuck up in the Mediterranean Sea and in the Arabian Sea. This has disrupted the entire supply chain of the world. More than 70% of the world’s movement is taking place from the Indian

Ocean and it was affected very adversely, I would say.The point is that when the raw material prices go up, the demand goes up, when the buyers are confident of the respective economy of their country, then these prices are bound to increase. In most of the developed countries, they have already declared lot of stimulus packages. America has done more than three trillion dollars, China has done about five trillion dollars put together, so have Japan and Korea declared trillions of dollars. Indian government has done much more than many of the world’s economies. More than Rs 30 lakh crore is going to be spent to give a boost to the industry in terms of infrastructure , supporting MSMEs and supporting the manufacturing sector.I think there is time to give a big boost to the manufacturing sector, and manufacturing is the base for any economy in the world and this is likely to happen. So, the incoming, outgoing prices there is no control as of now. We definitely try to be very reasonable and customer friendly so that our customers do not feel a hit in terms of prices. Regarding raw material prices like iron ore that you asked, OMC, NMDC are private miners in the vicinity in Odisha and Chhattisgarh, they are supporting fully. There is no export of iron ore today, barring very few low-grade iron ore that is being exported. But otherwise, the situation is under control and the raw material is available.

– The Economic Times

20

U.S. Building Boom Is Sending Lumber and Steel Prices Through the Roof

Study by HMS Networks Shows Continued Growth for Industrial Networks Despite PandemicThere’s little doubt that demand for lumber,

steel, and other commodities will get a boost from President Joe Biden’s $2.3 trillion proposed infrastructure package. But prices for some building materials have already booked phenomenal gains in the first three months of the year, potentially setting limits on an extended rally. Biden’s infrastructure plan includes repairs to roads and bridges, and investments and improvements in airports and transit systems over an eight-year period.Infrastructure spending will “carry over into lumber,” says Steve Loebner, director of risk management at lumber, plywood, and building-materials wholesaler and broker Sherwood Lumber. “Overall demand for forest products will be bolstered, and that will have a continued bullish effect on prices.” Lumber prices are up more than 35% this year, at $1,180.70 per 1,000 board feet as of April 13, after more than doubling in price in 2020. Also this year, steel futures have jumped 40% and iron ore trades nearly 7% higher. Copper has climbed 15%.

– Metal Junction

Every year, HMS Networks carries out a study of the industrial network market to research the distribution of the latest connected nodes in factory automation. This year’s study shows that, despite the Corona pandemic, the industrial network market is predicted to grow by 6% in 2021. Industrial Ethernet still shows maximum growth and now has 65% of the latest installed nodes (64% last year), while fieldbuses are at 28% (30). Wireless networks still climb and are now at 7%. PROFINET passes EtherNet/IP at the top of the network rankings with an 18% market share compared to 17%.HMS Networks now presents their annual analysis of the industrial network market, focusing on new installed nodes within factory automation globally. As an independent supplier of solutions within Industrial ICT (Information andCommunication Technology), HMS has proper insight into the industrial network market.The 2021 study includes estimated market shares and growth rates for Fieldbus Industrial Ethernet and Wirelesstechnologies and concludes that the industrial network market is showing signs of regained stability and HMS expects the total market to grow by 6% in 2021. Industrial Ethernet is growing steadily Industrial Ethernet continues to take market share, by growing 8%. Industrial Ethernet now makes up for 65% of the global market of new installed nodes in Factory Automation (compared to 64% last year).

EtherNet/IP and PROFINET are fighting for first place, but this year PROFINET passes EtherNet/IP at the top of the network rankings with an 18% market share compared to 17%. EtherCAT continues to perform well globally and now matches the leading Fieldbus PROFIBUS at 8% market share. Modbus TCP is next at 5% market share and together with Fieldbus brother Modbus RTU, these Modbus technologies now account for 10% of the market, confirming their continued importance in factory installations globally. Fieldbus decline halted The ongoing Fieldbus decline reported by HMS in recent years is almost halted with a Fieldbus decrease Of only -1% in 2021, as factories tend to stick to existingtechnologies to a higher degree in uncertain times, such as during the pandemic. Fieldbuses are now at a 28% market share of the total amount of newly installed nodes (30% last year). PROFIBUS is still the clear Fieldbus leader at 8% followed by Modbus-RTU at 5% share and CC-Link at 4%. Wireless is here to stay Wireless is growing rapidly at a rate of 24% and already has a 7% market share. But the market still awaits the whole impact of 5G in factories. With the globalization of wireless cellular technologies as enablers for next-level smart manufacturing, HMS expects that market demand will increase for wirelessly connected devices and machines to be included in the less cabled and versati le automation architectures of the future. Smart and sustainable manufacturing requires networking “Industrial network connectivity for devices and machines is key to obtain smart and

21

sustainable manufacturing, and this is the main driver for the growth we see in the industrial networking market,” says Anders Hansson, Chief Marketing Officer at HMS Networks.“Factories are constantly working to optimize productivity, sustainability, quality, flexibility and security. Solid industrial networking is key to achieving these objectives.” Regional network variations EtherNet/IP and PROFINET are leading in Europe and the Middle East with PROFIBUS and EtherCAT as runners-up. Other popular networks are Modbus (RTU/TCP) and Ethernet POWERLINK. The U.S. market is dominated by EtherNet/IP with EtherCAT gaining some market share. PROFINET and EtherNet/IP lead a fragmented Asian market, followed by strong contenders CC-L ink/CC-Link IE F ie ld , PROFIBUS, EtherCAT, and Modbus (RTU/TCP).

– Machine Maker

Stirling Engine Japan technology offers avant-garde convenience in storing and transporting vaccine storage. The innovative vaccine growth drive has today boiled down to distinguished storage facilities and end-to-end temperature control solutions.In India, where last-mile logistics has always proved to be a complex procedure, Stirling Engine has sparked off an innovative solution to the pharmaceutical industry. The Sterling vaccine storage solution is transportation friendly, low maintenance and an alternative to harmful CFC emissions. Statistics provided by

the World Health Organisation show that about 25 per cent of vaccines are damaged on their way due to excess heat, light and disruptions in the cold chain. Stirling Engine’s Positive Development on Conventional EnginesFighting the multiple barriers in vaccine mobility, Stirling Engine has brought a host of remedies to combat the nagging issues of normal engines operated on fossil fuel extracts, consuming high current. Its premium cold storage box is specifically contrived to facilitate smooth vaccine transportation simultaneously eliminating low points in liquid nitrogen transportation. While the previous engine alternatives were hardly suitable for transportation for operating on combustion inside the piston, Stirling offers better portability and decent storage capacity. Unlike the internal combustion engine, Stirling does not explode as it replaces gasoline and diesel with hydrogen and helium sealed in the external combustion engine. The piston is uniformly operated by external heating and cooling.Pharmaceutical companies have affirmed stern temperature requirements for the safety and maintenance of their products. With Stirling, the vaccine stack will be maintained under temperature variations as low as -86 .To ease the COVID19 vaccine drive conundrum, Stirling has integrated a built-in large-capacity lithium battery without any mandatory power supply protocol during transportation up to 1 hr, Stirling vaccine storage devices can be charged using a CAR cigarette lighter charger, which will be provided along with the product. RFID electronic lock system powered by IoT background assures the continuity of safety till product delivery.

Given the demand for COVID vaccines, Stirling promises efficiency dur ing the ent i re circulation after dispatch. IoT has real-time tracking of machine’s location and operating data, remote control and data export to streamline the entire process and eliminate errors. Catering to the sprawling demand, Stirling has a few salient features imbibed within its robust compressor technology:• Temperate Monitoring Panel• Wi-Fi • GPSStirling’s product ranges’ capacities are 1L, 15L, 25 and 130L with adjustability of ±0.5 ° C, ± 3 ° C ± 2 ° C and ± 1° C respectively. The products are exported to Malaysia, China and Vietnam. Example: 15L upto -80 degree & 1L upto -86 degree.Foray into Cold Storage Transportation As innovation and social distancing become the buzzwords in a pandemic ridden world, Stirling is indeed its best manifestation by AUCMA, being one of the leading global manufacturers of Refrigeration and Household Appliances, AUCMA also relies upon Stirling’s sustainable solutions to building a beautiful environment. Used for Blood Plasma storage and approved by Bill Gates Foundation.Stirling Engine Japan can be explored in other cold chain transportation challenges for Food, Pharmaceuticals, Medical organ storage, Blood Plasma storage etc. In the Indian market, ARMIS Research and Development Pvt Ltd is the Channel Partners with the Stirling Japan team, slowly snowballing to penetrate various other segments of cold storage transportation and planning for localization, with a suitable partner.

– Machine Maker

How Stirling Engine Japan’s compressor technology is driving India’s COVID19 Vaccination Drive?

TM

CUTTING AND WELDING EQUIPMENT EXPO

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INTERNATIONAL MACHINE TOOLS EXPO USED MACHINERY EXPO

EXPO

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ENGINEERING AND MANUFACTURING EXPO

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EXPO

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3-5 SEPTEMBER 2021 at Bombay Exhibition Centre, Mumbai, India

6 co located events and one Grand Business

Carnival for Metal, Machinery and Manufacturing industries

HTF - for Advanced Hand Tools, Power

Tools and Fasteners CWE - for Advanced Cutting and Welding

Equipment & Technology including Laser

Technology IMEX - for Latest Machine Tools (CNC,

Laser, Shot Blasting, Measuring & Testing

Equipment and more……) UMEX – for Economical Pre-owned

machinery in the industry World of Metal – for Mineral, Metal,

Metallurgy & Materials TECHINDIA - for Engineering and Manufacturing (Pumps, Valves, Compressors and more……..)

Market News & Views, a weekly e news alert program covering Industry Updates , L a u n c h o f N e w Te c h n o l o g i e s , Partnership Opportunities , Industry Views, CSR activities

International Business Networking Program (IBNP) a monthly webinar covering key industry across Indian as well as some neighboring countries including China, Taiwan, Bangladesh, etc

Open Seminars during the event, a unique opportunity to have face to face interaction with industry leader and knowledge transfer

Expected Presence of 500+ leading Exhibitors from 15+ countries

4 Open Seminars

> Hand Tools, Power Tools &

Fasteners Know-How

> Advancements In Cutting &

Welding Equipment

> Machine Tools: Bringing Depth to

Manufacturing in Industries

> Technology Innovation for Metal

& Metallurgy Industries

Various New Launches by exhibitors.

Business Connect ProgramGrand Business Carnival

Contact Us

A Sneak Preview

Hyve India Private Limited(CIN. U92490DL2004PTC124343)

Innov8, 2nd Floor, 44, Regal Building

(Above Madame Tussauds Wax Museum)

Outer Circle, Connaught Place, New Delhi-110001, INDIA

Email: [email protected]

Website: india.hyve.group, www.hyve.group

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22

SOME LEADING COMPANIES AT THE EVENTS

ULTRAFAST brand was conceptualized andregistered in the year 2012 with the aim to provide the best Services to Indian

workers with the perfect Quality of tools to achieve the utmost level of work Satisfaction in their craftsmanship. Our Principles reflect our visions:-• QUALITY COMMITMENT• CUSTOMER SATISFACTION• VALUE FOR MONEYWe will always be striving to work together with our customers to achieve the cumulative Growth.*SERVICES *QUALITY *SATISFACTION *PRINCIPLES *GROWTH

XTRA POWER is the premier provider of high-quality and innovative Power tools, Abrasives, Diamond Saw

Blades, TCT, Drill bits, and a wide range of other technically advanced tools to clients from diverse backgrounds and industries. The company has been at the forefront of delivering best-in-class tools that boast of high-quality and standards. Our products are duly tested for reliability, durability, and performance, which further enable us to offer the best shopping experience to clients including leading businesses and factories.

The company launched its first set of products in 2002 under the brand name XTRA POWER. With the introduction of the brand, the company witnessed a surge in demand for their tools and accessories, following which they launched a gamut of other products every year. Over the years the company focused on t ransforming businesses through the adoption of best management practices and by providing soph is t ica ted p roducts as we l l as unmatched services to their clients. Since its establishment, the company has witnessed massive growth & development and is dedicated to meeting and exceeding client expectations through its products and services.The company takes great pride in supplying genuine and best quality products through its extensive network of suppliers. With over 500 distributors across India, the company has emerged as the market leader in supply ing wor ld -c lass power tools , abrasives, accessories, and more. LSL Tools Pvt. Ltd. has also introduced several other brands in the market. Our popular brands including HIMAX, AWANT, B&P, FASTCUT & REWOP are preferred by professionals for their specific needs and applications.With years of experience and know-how in the field of designing and developing agricultural tools, machine tools, and accessories, we are committed to providing vendors with a variety of products that further allow them to fulfill the market demands efficiently.

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Shri Shyamji Tools Pvt Ltd

LSL Tools Pvt Ltd (Xtra Power Tools)

Ideal International Power Tools Pvt. Ltd Powertex Tools Company Pvt. Ltd.

Established in 1997 as a hand and electric power tools sales and repair company, Ideal Power Tools

(hereinafter referred to as ‘Ideal’) has grown to become India’s go-to brand for power tools equipment and accessories.The principal activities of Ideal Power Tools are to carry out business as a wholesaler and supply all power tools and its related spares and accessories to our end users. We have established a strong network with our Authorised Distributors throughout the Indian market and numerous countries in Africa, the Middle East, and Southeast Asia. To meet an even broader range of needs the company offers a comprehensive array of power tools ranging from DIY gardening tools to professional construction tools.The unsurpassed quality and reliability of these power tools and other products are made possible by Ideal's strong R&D capabilities and commitment to providing high-performance tools. This has earned Ideal products the trust of customers not only in India but also in numerous African and Middle Eastern countries. The growing international presence is a testament to Ideal’s products, services, and capabilities.

POWERTEX wasestablished in 1998 begin with selling accessories for power tools such as TCT

Blade, Drill bits and Cutting Tools etc. Powertex pay attention for quality products and give value for money products to customers. Customer throughout India started accepting widely Powertex products. Now Powertex have wide range of products & Accessories that includes, Power Tools, Armature, TCT blade, Abrasive, Drill Bits, Welding Machine. Powertex also started commercial range of power tools by brand Sunflower which also got great popularity. In 2013 Powertex added welding machine with the Shenzhen Jasic and started the selling P o w e r t e x W e l d i n g M a c h i n e s w i t h Accessories. Product range also include TCT Blade, Abrasive, Welding machine, Drill bits and Spare parts. Now Powertex brand is one of the famous and popular brand in India in every province of India, with company has 500+ dealers and 500000+ end users in every state of India. The experienced team provides support to dealers, customer and all valuable partners.

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...and many more25

...and many more26

USE FACE MASK CLEAN AND DISINFECT WASH YOUR HANDSFREQUENTLY

KEEP DISTANCE FROM OTHERS

AVOID TOUCHINGEYES, NOSE OR MOUTH

STAY AT HOMEWHEN YOU ARE SICK

COMBATING Basic

Protective

Measures