The on-going economic slowdown has had varying impacts on different organisations. How is your organisation using this period to prepare for the next phase of growth?
The current economic slowdown being faced by India is caused by various factors like slowdown in global economy, lack of funding available for the industry because of the curtailing of funds supplies to NBFCs, the reduced demand for automobile due to postponement of purchase decision by customers until launch of BS6 and the expected change over to electric vehicles, etc. All of these have led to a very low demand for machine tools in the last nearly one year.
While this had greatly impacted the sales volume of the standard machines, we at Gedee Weiler have always been focussing on offering turnkey solutions and customization to the extent possible based on our modular design of our products.
It has been our experience that our recently launched products like turnmill machines and Versaturn - with its enormous flexibility and ability to quick change over set ups - continue to be in demand by our customers.
As we cater to various segments of the industry, we are focussing on the sectors other than automotive. We identify the potential needs and deliver competitive solutions to meet the exact requirements of customers.
We have utilised the time available to develop different type of automation solutions (Servo gantry, dedicated chutes with pneumatic grippers, unique unloading concepts for shaft bars and pipes, etc..) on our standard products which are already in demand and we expect this demand only to grow when the economy starts looking up.
This story is from the January 2020 edition of The Machinist.
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This story is from the January 2020 edition of The Machinist.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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