| Daily Pour |
 
Date :18/04/2018 Issue No. :1503/17-18
Compiled By : Shyamal Aroskar, Asst. Dir.-WR
B.Ramchandran, Chennai
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| IIF News |
GLIMPSES OF INAUGURATION OF WESCON 2018 OGANISED BY IIF-WR & KOLHAPUR CHAPTER AT HOTEL SAYAJI, KOLHAPUR ON 15th APRIL, 2018.
More than 300 delegates participated in this seminar.
L to R Mr. Deepankar Biswas- Chairman Kolhapur Chapter, Mr. Sushil Sharma-WR Chairman, Mr. Rajiv Parikh- Chairman- OC, Mr. Yatin Shah- Chief Geust, Mr. Amish Panchal- President IIF, Mr. Rajesh Somani- Convenor OC, Mr. Manish Patrikar- Hon. Secretary WR, Mr. Sumeet Chougule- Hon. Secretary Kolhapur Chapter
Cheif Guest and Key note speaker was Mr. Yatin Shah, CMD Precision Camshafts Limited spoke about his own exprience...
Mr. Yatin Shah in his speech narrated his own experience. He said Foundries need to care for their productivity and quality, these are the basics and along with that the care for environment is also important. The buyers abroad look at entire present ability of the company which encompasses total factory premises to production facilities. Having said this, he further added that the foundries need to understand the country profile and behavior culture of the people of respective country to have long lasting business relation.
Mr. Yatin Shah said that he takes immense pride in the unique working culture of precision, which he has cultivated. He motivates the employees to give in their best; he has managed to create a sense of ownership at all levels in the organization.
He appreciated the way IIF President Mr. Amish Panchal spoke by presenting the statistics of different countries.
All the delegates were motivated by Mr. Yatin Shah's speech.
IIF President Mr. Amish Panchal also graced the inaguration & spoke on....
a. International trends with the various actual statistics which really impressed all the delegates.
b. Future trends like 3D printing etc. He said that we need to invest more in technology,
especially in sustainable technology.
c. Smart foundry.. how it is going it affect us...
d. Foundry threat – EV
***
Please attend
Gr. Mumbai Chapter
INVITATION FOR THE 5th TECHNICAL TALK & CHAPTER DAY CELEBRATION
The 5th Technical Talk organized by IIF- GMC as per the programme given below
Topic : "MOULDING FOR QUALITY CASTINGS" by Mr. S.P. Oudhia, Senior Foundry Consultant & Past Chairman IIF-GMC
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ABSTRACT / SYNOPSIS:Out of several Moulding Process available, foundry has to select one which gives acceptable QUALITY OF CASTINGS, with optimum cost. The presentation will scan through various moulding processes & Discuss PROS & CONS of them. After QUALITY of Molten Melt; MOULDING influences MOST, the QUALITY of castings in a Foundry. Attempt will be made to analyse process for attaining OPTIMUM QUALITY of castings.
Lecture Time: 6.30 p.m to 8.00 pm
Venue : Hotel Bawa International
? Near domestic airport, Vileparle (E)
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Day & Date : On Friday, 20th April, 2018
8.00 pm to 8.30 pm- Chapter Day Celebration after the Technical Talk.
You are requested to attend the said talk in large number to make the event successful.
Chapter Day Celebration will be followed by Dinner
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| Thought of the Day |
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| News Letter Supported By |
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| Today's Top Raw Materials Headlines |
*** Indian Brass, Copper Scrap prices gain in line with MCX Copper
*** Indian Aluminium Scrap prices show flat trend
*** Indian Nickel Scrap prices climb
*** China ferrosilicon market sees stable transactions
*** Chinese 201 grade stainless CRC prices rebound
*** China: Iron ore and rebar futures drop further amid oversupply concern
*** Chinese vanadium-nitrogen alloy prices down
*** Chinese indium ingot price down further
*** ADC12 aluminum alloy ingot producers in Southwest China sees increased inventory
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| Raw Material News |
Indian Nickel Scrap prices climb
India major nickel scrap prices climbed on the Scrap Register Price Index as on Monday, while Nickel futures prices at India's Multi Commodity Exchange advanced tracking the higher trend in Nickel prices at London Metal Exchange.
LME Nickel which rose 2.8 per cent to a two-month high of $14,335 tons as upward pressure across the industrial metals coincides with a positive risk appetite in the West, evident in gains in stock index.
In futures, the most active April nickel contract on Multi Commodity Exchange has gained by 2.45 percent to Rs. 927.10 per kilogram on Monday from previous close of 904.90 per kilogram. The MCX nickel prices touched an intra-day high of Rs. 939.20 per kilogram and an intra-day low of Rs. 907.30 per kilogram during Monday.
The risk sentiment remains fragile in Asia, with the Shanghai composite index off by 1.5% and down for a third trading day in a row.
This weakness comes amid a tense geopolitical backdrop, especially after the United States, United Kingdom and France launched missile strikes against Syria over the weekend, in response to an alleged chemical attack in the Syrian city of Douma on April 7
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Brazil's pig iron exports down by 52% in Mar y-o-y
According to Brazil’s trade statistics, Brazil’s total pig iron exports in March totaled around 100,000 tons, down by 52.3% year-on-year.
Brazil's pig iron exports from January to March totaled around 430,000 tons, down by 23.2% year-on-year. Among them, the total exports to the United States accounted for the most with around 140,000 tons, down by 36.9% year-on-year.
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Aluminum Can Recycling Rate Hit New Record in 2017
The recent report published by the Aluminum Packaging Recycling Organization (ALUPRO) indicates that aluminum can recycling rates increased during 2017.
As per the report, the recycling rate for aluminum cans continued to increase over the previous year in 2017 to hit 72%. This is notably higher when compared with the recycling rate of 70% in 2016. Meantime, the national recycling rate for all aluminum packaging has also improved from 50% in 2016 to 51% in 2017, the industry group report said.
The data published by the UK’s Environment Agency notes that the number of Packaging Recovery Notes (PRNs) surged higher by 4% from 90,095 mt in 2016 to 94,092 mt in 2017. The recycling of 94,092 mt has resulted in savings of 846,828 tonnes of carbon dioxide. The jump in PRNs indicates that more quantity of waste packaging material has been recycled into new products. Also figures show that nearly 8,000 mt of aluminum PRNs were raised but not generated during the previous year.
The data also suggests that 92% of aluminum packaging collected for recycling in the UK was recycled within Europe. 51% of aluminum packaging collected was recycled in the UK and 41% recycled in Europe. This clearly indicates that there exists more than adequate capacity within the EU to meet the recycling needs of recovered aluminum packaging in the UK.
Rick Hindley, Executive Director, Alupro expressed satisfaction over the year-on-year increase in aluminum packaging recycling rates. He further highlighted the need for increasing awareness and education to general public on what actually happens to used aluminum packaging when it is recycled. The 92% recycling rate will instill confidence in people, by making it clear that the used aluminum packaging is safely recycled. The respective administrations must act immediately to do away with confusions on account of contradictory rules across different local authorities.
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| Industry News |
India’s Hindustan Zinc Silver Refinery gets LBMA recognition
The Silver refinery of Hindustan Zinc, located at Pantnagar in the State of Uttarakhand in India has been added to London Bullion Market Association’s (LBMA) “London Good Delivery” list for Silver with effect from 16 April 2018.
The LBMA is the international trade association that represents the wholesale over-the-counter market for gold and silver bullion. It lists those refineries whose gold and silver bars have been found, when originally tested, and met the required standard for acceptability in the London Bullion market. The List now includes 69 gold and 82 silver refiners.
LBMA has exhaustive testing procedures under which silver bars are examined and assayed by independent referees, and assaying capabilities are tested. It also includes assessment of company’s ownership, history, production capability and financial standing.
The LBMA recognition to Hindustan Zinc for Silver has become effective from 16th April 2018. This gives Hindustan Zinc certification of international standards quality of silver bars that match global trade acceptability.
Hindustan Zinc Silver refinery is India’s third refinery and the only private sector refinery to be listed on LBMA. The other listed refineries from India are MMTC Pamp, Mewat and Hindustan Platinum Pvt. Ltd, Navi Mumbai, both of government.
“We are very pleased to receive recognition by London Bullion Market Association (LBMA) for our silver refinery located at Pantnagar in the State of Uttarakhand. Since we represent India in global silver market, with production of 95% primary silver in India, I would like to attribute Hindustan Zinc silver as Silver of India,” said Sunil Duggal, CEO of Hindustan Zinc.
As per the latest World Silver Survey report 2018, Hindustan Zinc ranked 10th among the top Silver producing companies globally in the year 2017. The report also showcases 2017 as the third consecutive year of growth posted in India due to higher silver grades and ore volumes processed by Hindustan Zinc. The company jumped 8 positions from its 2016 ranking of 18.
In the financial year 2017-18, Hindustan Zinc has produced a record 556 tonnes of silver. The Company sells Silver in the form of 30 kilograms’ bars. The Company is aiming to produce 1000 tonnes of Silver in the next 3-4 years at which the Company would be counted amongst the top 5 global silver producers.
In the domestic market, silver will remain bullish due to the digital wave, solar power generation and upcoming electric vehicle market.
***
Top 8 highlights of Indian auto industry in FY18
The Indian auto industry is on the cusp of transformation, moving from BS-IV to BS-VI and later to electric vehicles. Despite teething troubles like GST and no clarity on the electric vehicle policy, the auto industry recorded a milestone in the financial year 2017-18.
Here are a few such facts that highlight the growth story of the Indian auto sector in FY18.
1. PV production touches 4-million mark, UVs production crosses 1 million in FY18
In FY18, a total of 4,010,373 units of passenger vehicles were produced, which was 13.79 per cent of the total vehicle produced in the country. The reason behind this was the increase in the launches of utility vehicles by automakers. Utility vehicles, too, crossed 1 million production milestone in FY18, which means one out of every three passenger vehicles produced was a utility vehicle.
Carmakers like Maruti Suzuki, Hyundai, Tata Motors and Mahindra & Mahindra are taking the utility vehicle segment by storm. Moreover, out of the 4-million passenger vehicle produced, 19 per cent was exported to other countries.
2. Passenger vehicle sales account at 3.3 million units
In FY17, passenger vehicle sales touched all-time high at 3 million unit despite demonetisation and GST. Even with different tax regime and revision of the tax slab several times, passenger vehicles surpassed the sales of FY17, recording the highest-ever 3.3 million sales.
3. Two-wheeler registers production at 23 million units
India is the largest two-wheeler market in the world. Despite the high base of 19.9 million units, the two-wheeler production shot up to 23 million, growing at 16.12 per cent. Not just this, production of scooters crossed 7 million and motorcycles crossed 15 million.
4. Two-wheeler records sales at 20.2 million units
It was not just production that touched its peak, but the sales, which touched the all-time high 20.2 million units of sales. Scooters crossed 6.7 million sales figure and motorcycles clocked 12.6 million, which is the highest sales in the scooters and motorcycles segments.
5. Commercial vehicle posts sales at 856,000 units
ETAuto earlier reported that commercial vehicle will make a mark by touching record sales in FY18. Domestic sales of commercial vehicles touched a new milestone during FY2017-18 at 856,453 units. They will cross their earlier peak of 809,499 units sold in FY 2011-12.
Scooters and motorcycles individually touched exports peak at 314,000 and 2.4 million, respectively
6. Highest exports of scooters and motorcycles
The two-wheeler segment recorded highest-ever exports at 2.8 million, growing at 20.29 per cent. Scooters and motorcycles individually touched exports peak at 314,000 and 2.4 million, respectively
7. Three-wheeler production crosses 1-million mark
With the highest growth among all the segments, three-wheeler also recorded the highest production in FY18 at 1,021,911 units, growing at 30.39 per cent.
8. Three-wheeler posts highest ever sales at 635,698 units in FY18
With sheer reason of increasing last mile transportation, three wheeler sales have touched the peak at 635,698, growing at a whopping 24.19% growth rate.
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| Life Style & Management |
How The Hate We Carry Will Burden Us.
A kindergarten teacher has decided to let her class play a game.
The teacher told each child in the class to bring along a plastic bag containing a few potatoes. Each potato will be given a name of a person that the child hates, so the number of potatoes that a child will put in his/her plastic bag will depend on the number of people he/she hates.
So when the day came, every child brought some potatoes with the name of the people he/she hated. Some had 2 potatoes; some 3 while some up to 5 potatoes.
The teacher then told the children to carry with them the potatoes in the plastic bag wherever they go (even to the toilet) for 1 week.
Days after days passed by, and the children started to complain due to the unpleasant smell let out by the rotten potatoes. Besides, those having 5 potatoes also had to carry heavier bags. After 1 week, the children were relieved because the game had finally ended.
The teacher asked: "How did you feel while carrying the potatoes with you for 1 week?" The children let out their frustrations and started complaining of the trouble that they had to go through having to carry the heavy and smelly potatoes wherever they go.
Then the teacher told them the hidden meaning behind the game. The teacher said: "This is exactly the situation when you carry your hatred for somebody inside your heart. The stench of hatred will contaminate your heart and you will carry it with you wherever you go. If you cannot tolerate the smell of rotten potatoes for just 1 week, can you imagine what is it like to have the stench of hatred in your heart for your lifetime?"
Moral of the story:
Throw away any hatred for anyone from your heart so that you will not carry the burdens created by others, for a lifetime. Forgiving others is the best and healthiest attitude to take.
***
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| Jokes All the Way |
Effects of drinking....
Police arrested a drunkard & asked:
Where are you going?
Man: I’m going to listen lecture
on ill effects of drinking.
Cop: Who’ll lecture at midnight ??
Man: My wife…
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The Institute of Indian Foundrymen
Western Region
706, Madhava, Bandra-Kurla Complex, Bandra (E), Mumbai-400 051
Phone : +91-22-2659 1308, 2659 1303, email : wr@indianfoundry.org
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